Construction commenced earlier this month for Portico, a mixed-use apartment complex in Downtown Long Beach.

The project - which is being developed by JPI, in partnership with Tokyo Tatemono US Ltd. and BMO Bank - will be located at 450 The Promenade North, and is the first component of the City Place mall redevelopment. Plans call for the construction of  272 studio, one-, two-, and three-bedroom apartments above nearly 19,000 square feet of ground-floor commercial space. 

Groundbreaking ceremony for PorticoJPI

JPI will be required to set aside 16 of the apartments as deed-restricted affordable housing.

“It’s exciting to see this vibrant mixed-use project take shape,” said JPI chief financial officer Mollie Fadule in a statement. “Long Beach continues to grow with new development throughout the downtown core, and we’re proud to be a part of that momentum.”

Portico, designed by AC Martin, is also slated to include amenities such as a rooftop deck, a sports simulator, and a pool deck.

Completion of the apartment complex is expected in mid-2028.

Groundbreaking ceremony for PorticoJPI

The surrounding mall complex was entitled for redevelopment by Turnbridge Equities, Waterford Property Company, and Monument Square Investment Group. After accounting for Portico, the remainder of the property is approved for an additional 628 residential units in a series of eight-story structures.

Other developments from JPI now taking shape in Southern California include housing developments next to Metro stops in Monrovia, Inglewood, as well as in unincorporated West Carson. The developer was previously attached to a plan to build more than 580 homes on the former site of Long Beach City Hall.

Follow us on social media: 

Twitter / Facebook / LinkedIn / Threads / Instagram / Bluesky