It is called Jefferson Long Beach. And crews have begun demolishing the existing structures along the west side of Long Beach Boulevard between 4th and 5th Streets to make way for the upcoming 272-unit residential building.
Mosaic sold one of its two parcels slated for residential development to JPI in May 2024. The retail-meets-soon-to-come-residential complex in Downtown Long Beach sits between 3rd and 6th Streets and Long Beach Boulevard and Pine Avenue. The Dallas- and SoCal-focused JPI has over 380 community developments under its belt.
What is the Jefferson Long Beach development?
JPI has dubbed their portion of the Mosaic project as Jefferson Long Beach. And it will be constructed on the land parcel bound by Long Beach Boulevard to the east, 4th Street to the south, The Promenade North to the west, and 5th Street to the north. JPI closed escrow last year with Mosaic for the 1.58-acre parcel. They will move forward with already-entitled plans. That means constructing 272 units of Class A for-rent apartments, including 16 affordable units, and 19,000 square feet of ground floor commercial space.
“We are excited to embark on this journey with the Long Beach community,” said Omar Rawi, Senior Vice President, Western Development at JPI. “Jefferson Long Beach represents our commitment to delivering high-quality apartment homes. And that means meeting the evolving needs of residents while enhancing the fabric of the neighborhoods in which we build.”
How will it affect Mosaic?
The 14-acre Mosaic complex is made up of three land parcels. And two of those are entitled for 900 units of housing, including 54 affordable units. The retail portion, including the former Walmart, will not be touched for now. It consists of the northern edge of 3rd Street: Ammatoli, Broken Spirits Distillery, and the in-flux Toma space. Additionally, there is the retail along 4th Street and on Pine Avenue.
“The parcel between 4th Street and 5th Street where the former Big 5 Sporting Goods? That is what we sold last year to JPI. They have such a reputable brand on their own and they’re looking forward to getting into Long Beach,” said Michael Gazzano, Managing Director of West Coast Investments for Turnbridge Equities, which is part of a triad of firms that operate and own Mosaic. “‘Parcel C,’ which is the former Walmart, is a property we will be keeping as well as the retail portion of Mosaic.”
Joining Turbridge as the operators and owners of Mosaic are Waterford Property Company and Monument Square Investment Group, all of which have decided to retain Parcel C to develop some 628 units, 38 of which will be affordable, along with 150,000 square feet of retail space.
Why Jefferson Long Beach is an essential cog for Mosaic’s retail spaces
“With the completion of this parcel sale, our team’s immediate focus remains on elevating the mix of retail and restaurant options creating a true food destination for the city,” said Sean Rawson, co-founder Waterford. “And the fact that more residents will be in the area is only beneficial to our existing tenants.”
Add to this the nearby Inkwell development—which welcomed tenants last year—and the previously completed Aster and Onni East Village developments, and Downtown Long Beach will likely see activation it hasn’t witnessed since pre-pandemic times. This includes not just the new tenants moving into Mosaic but a likely growing list of events and businesses on other properties. There’s the (rightfully) popular Sonoratown and Midnight Oil across the way that are the neighborhood’s most recent additions. Art-centric events and DTLB bar crawls. Night markets and design festivals. This particular area of DTLB is ripe with cultural potential.
This article was originally published on May 8, 2024. It has since been updated.
As a resident of this area (Chestnut), I am thrilled that you are keeping us abreast of new developments. Hoping that these new eateries will keep in mind that there is a large senior citizen population within walking distance of their new locations. Affordable options or special welcome seniors events would be lovely. Most of us have smaller appetites, and some prefer traditional american foods. Some of us are more adventurous. Thank you, Brian Addison, for covering this already vibrant community!
As someone who has also been in that area for about 10 years now – I have noticed a trend that most non-affordable food options usually go out of business after about a year. Hopefully we don’t just end up with even more empty retail space. Most of the ground spaces in all these new projects are all empty and some have been for years.
I am actually in full favor of fines for empty storefronts that sit for too long. The asking cost for the space where Octopus used to sit at the northeast corner of Pine Avenue and Broadway—over 7,000SF mind you, which is impossible for any normal small business—was exorbitant. Plus spaces that size (like the former Noypitz/Wokano space a little further down on Broadway at The Promenade) are just hard sells right for restaurants.
[…] Story continues […]
[…] Beach, includes 16 affordable units and 19,000 square feet of ground-floor restaurants and shops. Longbeachize reports that JPI is expected to break ground this […]
[…] Beach, includes 16 affordable units and 19,000 square feet of ground-floor restaurants and shops. Longbeachize reports that JPI is expected to break ground this […]
Самые стильные события подиума.
Абсолютно все события известнейших подуимов.
Модные дома, бренды, haute couture.
Приятное место для трендовых хайпбистов.
https://msk.rftimes.ru/news/2024-03-03-sinoptiki-predupredili-o-nebolshih-osadkah-v-moskve-2-marta
Any development on the former Long Beach Plaza Mall site that does not include the destruction of the parking structure at the northwest corner of 5th and Locust will be condemned by God Read Matthew 16:18.
It’s good to know that there’s more residential buildings but what about putting a Target, Trader Joe’s or Aldi so the residents can just walk down and buy something.