New Construction Has Begun in Front of the Staples Center!

Many of you may have been wondering what’s going on over there in front of the Staples Center. The parking lot in front of Staples is now fenced off by a blue fence and construction is starting on a retail, residential and hotel complex with three high rise towers in the bustling South Park neighborhood in Downtown Los Angeles. The photo above shows that the project is now moving forward.
On the parking lot on Figueroa Street in front of the Staples Center, Chinese developer Oceanwide Real Estate Group began leveling several structures this month for the construction of the building.
Oceanwide has added a third tower in the process of designing the tower. The $1 billion project now consists of two 40 story high rises and another high-rise at 49 stories. 504 condos, 183 hotel rooms and nearly $450,000 square feet of retail space are planned. It will be upscale with a five star star hotel, event spaces, celebrity chef restaurant and members only nightclub.
Residents and hotel guests will enjoy an expansive lawn, children’s playground, barbeques, a pool and running track. Along Figueroa, facing Staples, a ribbon of LED displays will wrap the development, showing advertising and noncommercial graphics designed to highlight the façade. Pedestrians will be able to access a two-level, open air retail galleria mid block on Figueroa Street. Shops are also planned directly on Figueroa and Flower.

Maple Navarro
Greenstone Properties Downtown L.A. Real Estate Agent
(310) 430-1949
CALBRE# 01924421
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