At a meeting last week, the Long Beach City Council voted unanimously to approve plans from Turnbridge Equities, Waterford Property Company, and Monument Square Investment Group to redevelop much of the City Place shopping mall with new housing and commercial uses.
City Place - which spans roughly 14 acres between 6th Street, Long Beach Boulevard, Pine Avenue, 3rd Street, and 4th Street - was acquired by the project team just over two years ago, after its prior owners defaulted on a loan for the property. Subsequently, entitlements were initiated for a project which calls for razing much of the mall's eastern side to clear the way for three new apartments buildings featuring a total of 900 residential units and 38,405 square feet of commercial space. Plans also call for 1,383 parking stalls.
The new housing would come in a mix of studio, one-, two-, and three-bedroom floor plans, with a total of 54 units to be set aside for rent as very low-income affordable housing for a period of 55 years.
The project, which is named "Mosaic," is being designed by MVE + Partners is designing Mosaic, which would include eight-story podium-type apartment buildings, with more than 100,000 square feet of common and private open space between them. Plans call for amenities including pools and spas, fitness areas, dog runs, courtyards, and rooftop decks. Additionally, a new pedestrian paseo is planned to connect 5th and 6th Streets on the west side of the new buildings, flanking a city-owned parking garage.
According to The Real Deal, construction of Mosaic could begin as early as the first quarter of 2024.
The project joins a number of new mixed-use projects in the works for Downtown Long Beach, including the neighboring Onni East Village and a Holland Partner Group venture now underway one block to the west on Pacific Boulevard.
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