JPI Breaks Ground on Redevelopment of Former City Place Long Beach
JPI has broken ground on Portico, a 272-unit, mixed-use development in Long Beach. The company recently hosted a groundbreaking ceremony to celebrate the $150-million project, the first phase of a 900-unit master plan to redevelop the Mosaic shopping center, formerly known as City Place Long Beach.
“It’s exciting to see this vibrant mixed-use project take shape,” said Mollie Fadule, chief financial and investment officer at JPI. “Long Beach continues to grow with new development throughout the downtown core, and we’re proud to be a part of that momentum.”
Located at 450 The Promenade North, the eight-story, podium-style building will offer a diverse mix of residences along with ground-level retail. Completion is projected for June 2028.
Separately, JPI recently closed on Parcel A for its Jefferson Avenue project, a new 394-unit, four-story garden-style multifamily development in Murrieta, as it continues its expansion in Southern California.
Other News
Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
80-Unit Seniors Housing Development Opens in Suburban Chicago
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
Learn more
312-Unit Multifamily in Indiana Changes Hands
Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout