Long Beach Construction (Planned, Proposed, & Current)

[CityKid]

More good news from the Long Beach Business Journal:

Shoreline Gateway Project Downtown Hoping to Break Ground Later This Year

Joshua H. Silavent - Staff Writer

February 12, 2013 – The Long Beach City Council, as the successor agency to the former redevelopment agency, gave its approval in December for the Shoreline Gateway project to move forward after years of starts and stops that left many wondering if the mixed-use residential and retail development in Downtown Long Beach would ever get off the ground. Developers are awaiting final approval from the state department of finance before breaking ground on the initial phase, likely sometime in the third quarter absent a major delay.

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The project includes the construction of two towers along Ocean Boulevard between Alamitos Avenue and Atlantic Avenue. Original plans called for the East Tower to go up first, but this has now been scrapped. When the recession hit, the envisioned 35-story condo tower became economically unfeasible to construct at this time, Anderson said. The West Tower is now phase I. As part of the OPA, construction of the East Tower, which Anderson said will be a for-sale property, must begin within two years of completing the West Tower.



An 18-story building with 221 multi-family rental units and 9,500 square feet of leasable retail space, the West Tower “is much more in tune with the market today,” Anderson said. “It will be a real unique and special place downtown,” he added, particularly given its proximity to dining and entertainment districts like Pine Avenue and the East Village, plus easy access to the waterfront. Construction of the $75 million project is expected to take about 21 months and pre-leasing is likely to begin a few months prior to completion.

Here is the latest rendering for this project I got from the first page of this thread:



The project has changed slightly, but in theory, the tower that could break ground later this year is the shorter one on the left. The tower on the right would be part of a later phase.