LOS ANGELES \u2014 The graffiti-covered Oceanwide Plaza towers in downtown Los Angeles \u2014 an abandoned high-rise development that has drawn attention for massive tagging and daredevil base jumpers \u2014 moved closer to a potential sale Monday after a new buyer emerged in bankruptcy proceedings.<\/p>\n
Kali P. Chaudhuri, founder and chairman of The KPC Group, which bills itself as \u201cglobal enterprise\u201d advancing real estate and healthcare, is seeking to purchase and finalize the mixed-use project that stalled in 2019.<\/p>\n
\u201cWe are excited to move forward with a catalytic investment that creates a path to turn around a key part of Downtown LA,\u201d Chaudhuri said in a statement, noting the property\u2019s proximity to the Convention Center, LA Live and Crypto Arena. \u201cWe are eager to work in partnership with the City of Los Angeles and the Downtown community to move quickly on what is truly a keystone project for Downtown revitalization and that will deliver economic benefits across the region.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"LOS ANGELES \u2014 The graffiti-covered Oceanwide Plaza towers in downtown Los Angeles \u2014 an abandoned high-rise development that…\n","protected":false},"author":2,"featured_media":23624,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[48,52,51,47,50,49,76768],"class_list":["post-191384","post","type-post","status-publish","format-standard","has-post-thumbnail","category-los-angeles","tag-la","tag-la-headlines","tag-la-news","tag-los-angeles","tag-los-angeles-headlines","tag-los-angeles-news","tag-oceanwide-plaza"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/191384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=191384"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/191384\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/23624"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=191384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=191384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=191384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}