Construction Dive reached out to representatives of Webcor and Swinerton for comments but received no response before press time.
When finished, Oceanwide Center will feature 265 residences, about 1 million square feet of office space, a 169-key Waldorf-Astoria hotel and a public plaza with a five-story-tall public square. The anticipated completion date before Oceanwide announced the halt in construction was 2021.
Construction at the developer’s Los Angeles project, the $1 billion Oceanwide Plaza, has been stalled since early 2019, shutting down under a cloud of late payments and approximately $100 million in mechanics liens.
