The infamous ‘Oceanwide Plaza’ in Los Angeles, dubbed the “graffiti towers” due to its incomplete state, has purportedly been listed by its developer for a fraction of its initial value. With the project remaining unfinished despite substantial investment, questions arise about its future and the broader implications for the local real estate market.
The unfinished $1.2bn ‘Oceanwide Plaza’ in Los Angeles – which became known locally as the graffiti towers – has reportedly been listed by the developer for pennies on the dollar pic.twitter.com/5U9JHgSdl6
— MacroEdge (@MacroEdgeRes) May 10, 2024