In Downtown Long Beach, developer Ensemble Real Estate Investments has completed work on The Magnolia, a mixed-use apartment complex located at 500 W. Broadway.
The project, which sits on a corner lot at Broadway's intersection with Magnolia Avenue, features 142 studio, one-, two-, and three-bedroom apartments above approximately 4,000 square feet of ground-floor commercial space and a three-level parking garage. Commercial tenants include Sugar Taco, which serves plant-based Mexican food, and Pawspace, a pet daycare, boarding, rooming, and adoption center.
Designed by Urban Architecture Lab, the Magnolia's exterior uses varying exterior finishes and offset floor plates to give texture to its facade. The seven-story building is capped by a rooftop amenity deck, including a swimming pool, a fitness center, a garden terrace, and a gated dog run.
The building's interiors and common spaces were designed by Arial Fox Design, and feature open floor layouts with high ceilings, in-unit washer-dryer sets, and closets with built in shelving. Some units also feature balconies.
A leasing website for the property advertises floor plans ranging from 540 to 1,240 square feet in size. Rents start at $2,365 per month.
Ensemble, which is headquartered in Downtown Long Beach, previously developed two other multifamily residential developments in its hometown: the Crest Apartments and the 442 Residences.
“We’re excited to have Ensemble Real Estate Investments complete another great project in Downtown, this one enhancing our West Gateway corridor,” said Long Beach Mayor Robert Garcia in a statement. “Their vision has helped strengthen Long Beach, making our downtown even more of a community – and it an ideal place to work, raise a family and invest in the future.”
- 500 W Broadway (Urbanize LA)