Construction on Broadstone Promenade, a mixed-use project whose approval dates back to October 2018, finally got started in June, 19 months after the developer Alliance Residential Company acquired the project from Raintree-Evergreen LLC, its original entitler.
The project, which is being built on less than an acre in downtown Long Beach that once was a parking lot, is scheduled for completion in June 2023. The site is west of another, $215 million project Omni Group is building that will create more than 400 apartments between Long Beach’s 3rd Street and Broadway.
The eight-story Broadstone Promenade, with its U-shaped podium, will feature 189 one-, two-, and three-bedroom floor plans ranging from 545 go 1,289 sf, sitting atop 10,000 sf of ground-floor retail space. There will be three underground levels of parking with 268 car stalls and 40 bike stalls. The building’s amenities will include a fitness center, club room, pool, podium deck, and co-work space.
PART OF A VIBRANT AND EXPANDING NEIGHBORHOOD
The project—once called Inkwell—was designed by Long Beach, Calif.-based Studio T-Square 2, with its affiliate office in Oakland, Calif. “Our design inspiration recalls maritime references with a contemporary corner light house serving as the entry beacon,” says Henry Tong, AIA, the firm’s Principal. “The illuminated tower will draw visitors to The Promenade and energize the neighborhood. The retail at the base of the building undulates in reference to the waves of the nearby beach, while sawtooth bay windows provide visual interest and views toward the ocean.”
The Promenade is a six-block-long thoroughfare that is anchored on the north by City Place, a development that contains 450,000 sf of retail space and 341 apartment units; and the Long Beach Convention Center to the south, which attracts 1.5 million visitors per year. In between the two anchors are developments that comprise residential, retail, entertainment, restaurants, offices and hotels.
The mid-rise Broadstone Promenade is meant to “blend into the urban fabric and embrace the community,” says John Waldron, Studio T SQ2’s founding principal.
Related Stories
Student Housing | Jun 20, 2024
How student housing developments are evolving to meet new expectations
The days of uninspired dorm rooms with little more than a bed and a communal bathroom down the hall are long gone. Students increasingly seek inclusive design, communities to enhance learning and living, and a focus on wellness that encompasses everything from meditation spaces to mental health resources.
MFPRO+ News | Jun 20, 2024
National multifamily outlook: Summer 2024
The multifamily sector continues to be strong in 2024, even when a handful of challenges are present. That is according to the Matrix Multifamily National Report for Summer 2024.
Multifamily Housing | Jun 17, 2024
Elevating multifamily properties through quiet luxury
As the demands of urban living continue to evolve, the need for a tranquil and refined home environment has never been more pronounced.
Multifamily Housing | Jun 14, 2024
AEC inspections are the key to financially viable office to residential adaptive reuse projects
About a year ago our industry was abuzz with an idea that seemed like a one-shot miracle cure for both the shockingly high rate of office vacancies and the worsening housing shortage. The seemingly simple idea of converting empty office buildings to multifamily residential seemed like an easy and elegant solution. However, in the intervening months we’ve seen only a handful of these conversions, despite near universal enthusiasm for the concept.
Adaptive Reuse | Jun 13, 2024
4 ways to transform old buildings into modern assets
As cities grow, their office inventories remain largely stagnant. Yet despite changes to the market—including the impact of hybrid work—opportunities still exist. Enter: “Midlife Metamorphosis.”
Affordable Housing | Jun 12, 2024
Studio Libeskind designs 190 affordable housing apartments for seniors
In Brooklyn, New York, the recently opened Atrium at Sumner offers 132,418 sf of affordable housing for seniors. The $132 million project includes 190 apartments—132 of them available to senior households earning below or at 50% of the area median income and 57 units available to formerly homeless seniors.
MFPRO+ News | Jun 11, 2024
Rents rise in multifamily housing for May 2024
Multifamily rents rose for the fourth month in a row, according to the May 2024 National Multifamily Report. Up 0.6% year-over-year, the average U.S. asking rent increased by $6 in May, up to $1,733.
Apartments | Jun 4, 2024
Apartment sizes on the rise after decade-long shrinking trend
The average size of new apartments in the U.S. saw substantial growth in 2023, bouncing back to 916 sf after a steep decline the previous year. That is according to a recent RentCafe market insight report released this month.
Multifamily Housing | Jun 3, 2024
Grassroots groups becoming a force in housing advocacy
A growing movement of grassroots organizing to support new housing construction is having an impact in city halls across the country. Fed up with high housing costs and the commonly hostile reception to new housing proposals, advocacy groups have sprung up in many communities to attend public meetings to speak in support of developments.
MFPRO+ News | Jun 3, 2024
New York’s office to residential conversion program draws interest from 64 owners
New York City’s Office Conversion Accelerator Program has been contacted by the owners of 64 commercial buildings interested in converting their properties to residential use.
