LOS ANGELES | Oceanwide Plaza | 677' - 49 FLOORS | 2X - 530' - 40 FLOORS | ON HOLD

[BanBrokenChatBots]

Amazing that no security or local beat cops didn't see this happening.. I don't think people realize how long it takes to graffiti an entire building, it must have been an army of taggerz

https://www.latimes.com/california/s...n-downtown-l-a

Gunshots rang out just before midnight Friday at a vacant skyscraper that taggers recently covered in graffiti across the street from Crypto.com Arena in downtown Los Angeles, authorities said.

[rgarri4]

I'm sure its making the developer look like fools the longer it stays like that, but in my opinion it looks way more interesting than an abandoned construction site. People pay big bucks in hip trendy neighborhoods to have walls covered in art like that.

[NYguy]

• Video Link

[Altoic]

Ouch it became worse

[Busy Bee]

Damn.

And it's the same crew that did that enormous LA River job 15 years ago... That they got busted for.

The balls.

How is this site still not secured after all this outcry?

[sopas ej]

It's too bad that somehow it couldn't be seized by eminent domain and then turned into city/county/state workforce housing, like for firefighters, teachers, police, college instructors, etc.

[plinko]

^Fascinating idea, and could be done under the guise of 'public safety'. However, the city/county would have to partner in order to complete the project. Nobody is going to do that unless they ended up owning it at a substantial profit. I suspect neither the city or county has even the funds to pay that profit. Maybe there's a hybrid solution where like 30-40% of the units could go 'public servant occupied' and the rest go market rate.

It's really too bad, because these were aesthetically turning out to be some of my favorite multi-family towers in downtown. They make a nice architectural nod to the Gas Company Tower up the street.

Another year unsecured and unwatched and we might end up with this:
https://en.wikipedia.org/wiki/Centro...ro_Confinanzas

I actually saw this tower in 2001 before it was taken over. It had already been sitting 7 years by that time...

[Charmy2]

Originally Posted by Busy Bee

Damn.

And it's the same crew that did that enormous LA River job 15 years ago... That they got busted for.

The balls.

How is this site still not secured after all this outcry?

I mean I've seen a ton of videos of people tagging it as police choppers fly around the tower on Instagram.

[NYC2ATX]

No doubt, this seems bad, but I'm hoping this might be the thing that causes the city, county, or even state governments to take a greater role in resolving the issue of these vacant towers. Up until this point it seemed to be left in the hands of Oceanwide and the lenders, the lawyers, etc. handling the case of the financial defaults, but now this is a major eyesore on the skyline of one of the country's most important cities. Los Angeles and California may be sputtering a bit at the moment, but they aren't in decline the way a giant, graffitied, unfinished skyscraper would have one believe. Perhaps now local leaders will feel incensed to act.

[whatnext]

And so the cold dying hand of Chinese real estate reaches across the ocean to blight LA. Luckily Vancouver has only seen their unbuilt projects fold at the latest at the excavation stage. It would be fascinating to list all the failed projects in North America from China-based or connected developers.

[Scotchman]

Karen Bass is confused about Oceanwide Plaza

https://www.youtube.com/watch?v=ppQoluedDIs