Texas-based developer JPI has begun clearing existing buildings for a mixed-use apartment complex in Downtown Long Beach, reports Longbeachize.
One year ago, the Dallas-based firm acquired a portion of the Mosaic DTLB property which is bounded by Long Beach Boulevard, 4th Street, The Promenade North, and 5th Street. As part of a larger redevelopment application, the 1.58-acre site is approved for the construction 272 rental apartments.
JPI intends to brand the new development as Jefferson Long Beach. In addition to housing, it will include 16 affordable units and 19,000 square feet of ground-floor commercial space.
The overall mall property was entitled for redevelopment by Turnbridge Equities, Waterford Property Company, and Monument Square Investment Group. The remainder of the property is slated for the construction of 628 residential units in a series of eight-story structures designed by MVE + Partners.
Other developments from JPI now taking shape in Southern California include housing developments next to Metro stops in Monrovia and Inglewood. The developer was previously attached to a plan to build more than 580 homes on the former site of Long Beach City Hall.
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- Mosaic DTLB (Urbanize LA)