New buyer emerges for graffiti-covered Oceanwide Plaza Towers in Downtown LA

The graffiti-covered Oceanwide Plaza towers in downtown Los Angeles — an abandoned high-rise development that has drawn attention for massive tagging and daredevil base jumpers — moved closer to a potential sale today after a new buyer emerged in bankruptcy proceedings.

Kali P. Chaudhuri, founder and chairman of The KPC Group, which bills itself as “global enterprise” advancing real estate and healthcare, is seeking to purchase and finalize the mixed-use project that stalled in 2019 after funding was cut off.