In Long Beach, Plus Development plans 120-unit mixed-use complex

The proposed construction is a shift for a firm that has focused on luxury single-family residences

Sep.September 18, 2018 09:00 AM
A rendering of Plus Development’s 1105 Long Beach Boulevard project and Tyrone Mckillen

UPDATED, September 19, 2:30 p.m.: A 120-unit mixed-use development is in the works in Long Beach.

City officials will consider the proposal this week, according to Urbanize.

Pacific Property Partners is developing the project on behalf of a Delaware-based entity, Leeward Capital of Long Beach LLC. The firm wants to build an eight-story apartment at 1105 Long Beach Boulevard. Plus Development is on board to walk the project through the entitlement process. It would include 5,000 square feet of ground-floor retail space and three levels of parking.

The units are a mix of one-, two- and three-bedrooms. Rockefeller Kempel Architects is designing the project.

Plus Development is also active in commercial and single-family development, especially in upscale neighborhoods like Holmby Hills and Bel Air.

A city staff report to the Long Beach Planning Commission recommended the project be approved, according to Urbanize. The development team has been working through the Long Beach approval process for the last year. The process has seen them increase open space and refine its design, according to the staff report.

Small-scale multifamily investors have descended on Long Beach, seeking higher returns than they get closer to downtown Los Angeles. As an example, residential unit prices in Long Beach have doubled since 2014. Not surprisingly, developers have gotten in on the action, too. [Urbanize] — Dennis Lynch

Correction: a previous version of this story listed Plus Development as the developer of the project. The developer is Pacific Property Partners on behalf of Leeward Capital of Long Beach LLC. Plus Development is entitling the property.

Related Articles

From left: Gavin Newsom and David Chiu (Credit: Getty Images and iStock)

Will rent control dent the multifamily market? Lenders, investors weigh in

Governor Gavin Newsom and Senator Nancy Skinner (Credit: Getty Images and iStock)

Developers rejoice: Newest state law aims to boost housing production

Assemblyman David Chiu and Gov. Gavin Newsom (Credit: Wikipedia and iStock)

California passes landmark rent control law

420 West 9th Street, San Pedro (Credit: Google Maps and iStock)

San Pedro’s apartment project pipeline is filling up

David Nagel

Decron Properties, in multifamily expansion mode, pushes into Warner Center

Mill Creek Residential CEO William MacDonald and Modera West LA (Credit: iStock)

One of nation’s biggest apartment builders scores $165M refi on West LA development

From left: Canyon Crest Views Apartments and Sunset Ridge Apartments

Multifamily investor Afton Properties adds nearly 1K units to portfolio

Blackstone CEO Stephen Schwarzman and TruAmerica CEO Robert Hart

Blackstone digs deeper into SoCal with massive rental portfolio buy