Project: The Premier at CityPlace
Location: 404 Pine Ave, Long Beach, CA 90802
Project Size: 221 Unit
Project Type: Multi-family Rental
Project Concept: The Premier at CityPlace apartments is a dynamic mixed-use development in the heart of downtown Long Beach, included as the central residential component of the CityPlace mixed use master plan. The project includes 221 market rate rental homes built above ground floor retail, and is located within 200 feet of the Metro Blue Line Light Rail that travels from downtown Long Beach to downtown Los Angeles. Built in a joint venture, the project required the creative collaboration between the master developer, Developers Diversified Realty, who maintained ownership of the fee title, while Urban Pacific and its’ joint venture partner PCS Development, owned the air rights above the retail. Urban Pacific, on behalf of itself and DDR, executed the design, construction, and delivery of the buildings that included ground floor retail (owned by DDR) and the apartments above retail (owned by Urban Pacific and PCS).
Project Status: Completed in 2003, stabilized operations. The project was sold to Archstone in 2006.