{"id":153339,"date":"2026-01-28T14:38:12","date_gmt":"2026-01-28T14:38:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/153339\/"},"modified":"2026-01-28T14:38:12","modified_gmt":"2026-01-28T14:38:12","slug":"272-apartments-break-aground-at-450-the-promenade-n-in-downtown-long-beach","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/153339\/","title":{"rendered":"272 apartments break aground at 450 The Promenade N. in Downtown Long Beach"},"content":{"rendered":"

Construction commenced earlier this month for Portico<\/a>, a mixed-use apartment complex in Downtown Long Beach<\/a>.<\/p>\n

The project – which is being developed by JPI<\/a>, in partnership with Tokyo Tatemono US Ltd. and BMO Bank – will be located at 450 The Promenade North, and is the first component of the City Place mall redevelopment. Plans call for the construction of \u00a0272 studio, one-, two-, and three-bedroom apartments above nearly 19,000 square feet of ground-floor commercial space.\u00a0<\/p>\n

\n\"\"<\/a>
\nGroundbreaking ceremony for PorticoJPI<\/p>\n

JPI will be required to set aside 16 of the apartments as deed-restricted affordable housing.<\/p>\n

\u201cIt\u2019s exciting to see this vibrant mixed-use project take shape,\u201d\u00a0said JPI chief financial officer Mollie Fadule in a statement. \u201cLong Beach continues to grow with new development throughout the downtown core, and we\u2019re proud to be a part of that momentum.\u201d<\/p>\n

Portico, designed by AC Martin, is also slated to include amenities such as a rooftop deck, a sports simulator, and a pool deck.<\/p>\n

Completion of the apartment complex is expected in mid-2028.<\/p>\n

\n\"\"<\/a>
\nGroundbreaking ceremony for PorticoJPI<\/p>\n

The surrounding mall complex was entitled for redevelopment by Turnbridge Equities, Waterford Property Company<\/a>, and Monument Square Investment Group. After accounting for Portico, the remainder of the property is approved for an additional 628 residential units in a series of eight-story structures.<\/p>\n

Other developments from JPI now taking shape in Southern California include housing developments next to Metro stops in Monrovia<\/a>, Inglewood<\/a>, as well as in unincorporated West Carson<\/a>. The developer was previously attached to a plan to build more than 580 homes on the former site of Long Beach City Hall<\/a>.<\/p>\n

Follow us on social media:\u00a0<\/p>\n

Twitter<\/a>\u00a0\/\u00a0Facebook<\/a> \/ LinkedIn<\/a> \/ Threads<\/a> \/ Instagram<\/a> \/ Bluesky<\/a><\/p>\n