CITYPLACE

CITY OF LONG BEACH, CA
Long Beach Redevelopment Agency

LOCATION
Area bounded by 3rd Street, Pine Avenue, 6th Street, and Elm Avenue in Downtown Long Beach

PROJECT SIZE
475,000 square feet
330 Residential Units

Click Here for Rental Information

PROJECT CONCEPT
CityPlace is a mixed-use redevelopment masterplan in the heart of downtown Long Beach. The project includes eight (8) city blocks, including 450,000 square feet of retail and 330 units of high-end market rate condominiums and apartments. Developers Diversified Realty is the developer for all retail portions of the project. Urban Pacific Builders LLC is responsible for development of the residential portions of CityPlace

Current Status:	Retail construction completed Summer 2003 finalizing tenant lease-up. All residential currently under construction.
Target Completion Date:
Architect:	Jerde Partnership, Los Angeles, CA
Financial Status:	All project financing is in place, with the developer equity and $16,000,000 revolving construction loan funded.
Source of Project Financing:
Retail:	All retail internally financed through DDR’s working line of credit.
For-Sale:	Condominiums - various (see CityPlace Lofts and Promenade Lofts project specific information)
Apartments:	Developed through a partnership with PCS Development, Inc. Project internally financed by PCS.
Project Cost:	$63,000,000

Related Articles and News

• Construction Set to Begin on CityPlace Lofts in Downtown Long Beach
• Urban Pacific to Joint Venture Multi Family Housing at CityPlace with PCS Development