The One in Toronto will be one of the country’s first supertall skyscrapers, while the north tower at Oceanwide Plaza will soon rise above downtown L.A. And in Dubai, Bluewaters is setting records with Ain Dubai, the world’s largest observation wheel, which will be part of the island development.
Oceanwide Plaza is poised to change the landscape of downtown Los Angeles.
The US$1 billion development is China-based Oceanwide Holdings’ first foray into North America and will be in the heart of L.A.’s major sports-and-entertainment district, according to Thomas Feng, the CEO of Oceanwide Plaza.
The 504-unit complex is made up of three towers, including the 55-story north tower, where it’s possible to own a home at the highest elevation in Southern California, the developer says. The Los Angeles property will feature 164 Park Hyatt Residences, plus 184 hotel rooms.
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Park Hyatt Residences will include one- to four-bedroom condominiums, as well as penthouses—half-floor homes and duplexes ranging from 5,700 to 8,800 square feet—starting on the 50th floor. Two south towers will offer another 340 homes, dubbed the Residences at Oceanwide Plaza. There, current and future Angelenos can find one- to four-bedroom apartments starting at 900 square feet and penthouses starting at 2,800 square feet. CallisonRTKL designed the façade, retail interiors and the interior design One and Two Oceanwide Plaza Residential; Studio Munge is the interior designer for the Park Hyatt hotel and residences.
A 700-foot LED screen surrounds the base of the development, which includes 153,000 square feet of shopping and retail at the Collection at Oceanwide Plaza. Other amenities include white-glove service from the Park Hyatt, a 24-hour concierge, a full floor of fitness and entertainment options, and plenty of outdoor space, including a two-acre sky park curated by celebrity fitness trainer Harley Pasternak, Mr. Feng says.
The project is set to be completed in 2019, with sales starting in early 2019. Prices are not yet available.
At more than 300 meters tall, The One in Toronto will likely be Canada’s first completed supertall building, according to developer Sam Mizrahi.
“It’s going to be iconic,” he says. “It’s the first of its kind not only in the city but in the country.” Located in the heart of Toronto, the 85-story building at Yonge and Bloor streets is also at “one of the most important intersections in the city, if not the world,” Mr. Mizrahi says.
A bustling retail destination is planned at the tower’s base, with Neiman Marcus, Gucci, and Tiffany in contract to open there.
The building boasts a hybrid exoskeleton by Foster + Partners, also a first for the area. The design puts the bones of the building on the outside instead of coming up through its core, Mr. Mizrahi says. That allows for space inside the building that isn’t interrupted by columns or pillars.
Apartments range from C$4 million for a one-bedroom to C$17 million for a three-floor penthouse. The sales office opened to the public in January, Mr. Mizrahi says. The building is now 70% sold, he adds, with delivery expected in 2023.
Penthouses have rooftop patios with private pools that are 1,000 feet above the city—but don’t worry, they are fully enclosed by glass. The One will offer 24-hour concierge service, valet parking, a fitness center with city views, and a landscaped garden terrace, plus a 200-room hotel.
In Dubai, Bluewaters is bringing 698 apartments and 17 townhouses to an island across from Jumeirah Beach Residences. The US$1.6 billion development will also be home to the almost 700-foot Ain Dubai, the world’s largest Ferris wheel, opening later this year.
Views of the wheel, as well as the sea and landscaped grounds, are framed by floor-to-ceiling windows at Bluewaters’ residences. The apartments will be spread out among 10 midrise buildings, featuring an array of one- to four-bedroom homes. There are also four penthouses. Prices start at AED1.9 million for a one-bedroom to AED14.6 million for a four-bedroom townhouse.
For residents, there are four swimming pools, plus a children’s pool and a splash pad, two basketball courts and two gyms, and private gardens and shaded water courtyards, according to the developer.
A bridge connects the island with Sheikh Zayed Road, and there will be autonomous vehicles to transport people between Bluewaters and the Dubai Metro’s Nakheel Harbour and Towers station. There’s also a pedestrian bridge leading to The Beach, another retail center.
Sales of the apartments began in 2017, and the buildings are set to be completed this year. The homes feature open-plan kitchens with state-of-the-art Italian appliances, Scandinavian wooden floors, and metallic fixtures.
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This article first appeared in Mansion Global magazine’s June issue.
Note: This article was updated to reflect new information released since the story went to press.
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