Global real estate company Kennedy Wilson has officially launched its leasing effort for the retail and restaurant component of Oceanwide Plaza, a $1-billion mixed-use complex now under construction in Downtown Los Angeles.

The project, which is being developed by the Beijing-based Oceanwide Holdings, will feature a 153,000-square-foot selection of shops and eateries dubbed "The Collection at Oceanwide Plaza."  An official website set up by Kennedy Wilson offers an interactive aerial map and an animated fly-through video of the completed developed.

As designed by architecture firm CallisonRTKL, Oceanwide Plaza is envisioned as an extension of the energy of Staples Center and L.A. Live.  Plans call for a two-story, open-air retail center featuring art installations and space for exhibitions and community events.

The project - which is located on a 4.6-acre site bounded by Figueroa, 11th, 12th and Flower Streets - will also include a trio of high-rise buildings featuring 504 condominiums and a five-star, 183-key hotel.

Completion of Oceanwide Plaza is expected by the fourth quarter of 2018.