Long Beach mulls 157-unit resi project amid downtown development push

Anastasi Development’s mixed-use project comes as the city has encouraged more construction in recent months

Jan.January 03, 2019 10:15 AM
(Credit: Wikipedia and iStock)

Long Beach has seen a growing number of development projects proposed for downtown in recent months, including a giant mixed-use tower the city is working on with Trammell Crow.

The latest is a 157-unit mixed-use complex that Anastasi Development Company is proposing. On Thursday, the city will take up the seven-story project, set for 507 Pacific Avenue, according to the Long Beach Post.

Redondo Beach-based Anastasi is calling for 9,000 square feet of ground-floor commercial space at the one-acre site. It would also have 209 parking spaces with some electric car charging spaces, along with a 10,000-square-foot roof deck.

There would also be a recreation room and gym. Two-thirds of the units would be two-bedrooms, with mos of the rest one-bedroom units.

The site sits on the corner of East 6th Street and was once home to the Neighborhood United Methodist Church. The church sold it to Anastasi in early 2017 for $5 million. It’s about a quarter mile from the Metro Blue Line’s 6th Street Station.

The site isn’t far from where Long Beach wants to develop a 700-unit mixed-use tower on a parking lot at 600 Broadway Boulevard. Trammell Crow is working with the city. Trammell Crow is also partnered with Los Angeles County on a big Koreatown office tower.

[Long Beach Post] — Dennis Lynch

Related Articles

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

Ron Galperin and an overview of LA (Credit: iStock)

LA owns thousands of properties, many of them vacant. LA’s controller has an idea to spur development

Bob Halavi and 827 South Grand View Street (Credit: LinkedIn and Google Maps)

This 60-unit resi project would add to MacArthur Park’s growing pipeline

Top to bottom: a rendering of the project and a photo of the site at 3170 West Olympic Boulevard (Credit: Google Maps)

Koreatown hotelier sells shovel-ready development site entitled for 252 units

Domvs London co-founder Barry Watts and 800 Tortuoso Way (Credit: Linkedin, Dougas Elliman)

Developer lists a third of Park Bel Air for reduced price of $45M

Anthony Rozic, CEO of Goodman North America, HERE. Dennis A. Muilenburg, Boeing CEO

Goodman Group lands massive Boeing complex, with big conversion plans

Bank of America Vice President and Senior Underwriter Paul Kim and the Hampton Inn

Nexus Companies refinances Long Beach Hampton Inn for $41M