OREG – Oceanwide Plaza Mixed-Use Development – California - Project Profile

OREG – Oceanwide Plaza Mixed-Use Development – California - Project Profile

  • February 2018 •
  • 9 pages •
  • Report ID: 4406579
Synopsis
"OREG – Oceanwide Plaza Mixed-Use Development – California - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "OREG – Oceanwide Plaza Mixed-Use Development – California - Project Profile" is part of Timetric’s database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary
Oceanwide Real Estate Group Co., Ltd. (OREG) is undertaking the construction of a mixed-use project in California, the US.

The project involves the construction of mixed-use facilities on 1.8ha of land. It will include the construction of two 40-story high-rise towers, one 53-story high-rise tower, 504 condominiums, 184-room Park Hyatt hotel, retail facility on a 41,806m2 area, 1,444 parking spaces, and the installation of elevators, safety and security systems.

The 53-story high-rise tower includes a five-star hotel, 164 condominiums, hotel ballrooms, nightclub, premium fitness center, celebrity chef restaurant and an opulent spa.

The two 40-story high-rise towers include 170 condominiums each, an upscale shopping center, restaurants and an elevated private park with greenery and a playground.

RTKL Associates Inc has been appointed as architect and Terra-Petra, Inc as an environmental consultant.

On March 19, 2015, construction work commenced with a groundbreaking ceremony.

In May 2015, RTKL has appointed Lerch Bates to design the vertical transportation and facade access systems and waste management.

Kennedy Wilson and The Mark Company has been appointed as the marketing consultant, Webcor builders as concrete supply contractor and Lendlease Corporation and Swinerton Builders appointed as the general contractor.

Construction works are underway. Construction works on Park Hyatt hotel is slated for completion by December 2018 and entire project is slated for completion by 2019.

Scope
The project involves the construction of mixed-use complex on 1.8ha of land in Los Angeles, California, the US.

The US$1,000 million project includes the following:
1. Construction of two 40-story and one 53-story high-rise towers
2. Construction of 504 condominiums
3. Construction of a 184-room Park Hyatt hotel
4. Construction of 41,806m2 of retail space
5. Construction of five-star hotel, ballrooms
6. Construction of a restaurant, spa, fitness center
7. Construction of 1,444 parking spaces
8. Installation of elevators and safety systems

Reasons To Buy
• Gain insight into the project.
• Monitor the latest project developments.
• Identify key project contacts.
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Country=UnitedStates Industry=Construction ParentIndustry=HeavyIndustry Date=201802 Publisher=Timetric Price=1000