LA’s infamous graffiti towers finally get a buyer — and he’s got huge plans after splashing $500M
Real Estate
A buyer has finally been found for the hated “graffiti towers” that have blighted the Los Angeles skyline for six years. Real estate mogul Kali Chaudhuri is poised to acquire Oceanwide Plaza for $470 million after a financial quagmire left the site in ruin since 2019. He is expected to have to splash another $1 billion to finish the project, but vowed to turn it into “the jewel of downtown LA.” The three towers, which are across the street from Crypto.com Arena, were left abandoned after
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