Update by Longbeachize Staff.
Monday, August 31, 2015: Developers of the in-construction Current Tower, which surpassed its halfway mark this past July, have officially announced at the $70M, 17-story residential tower will be open and leasing in April of next year.
The formerly empty lot that sits at Alamitos & Ocean, kitty-corner to the famed Villa Riviera, was a sight for sore eyes as the prime real estate was home to nothing but cars for years.AndersonPacific LLC, the developer leading the project, had initially proposed two towers, the Current on the west and the other—a massive 35 stories—on the east. It was initially proposed to construct the market-rate 35-story tower first but, following the economic and housing crisis of 2008, was switched, with the smaller tower breaking ground in March of 2014.
The Current will offer 223 luxury units, 6,750 sq. ft. of ground level retail space, and some 25,000 sq. ft. of plaza space that will include additional retail and amenities, as in the rendering of the plaza shown below.
Designed by San Francisco-based BAR Architects, the design is advertised by its creators as being inspired by SoCal modernists like Cliff May and Edward Killingsworth. The building, largely bisected by a tall fin, features alternating bays and terraces and multi-colored panels.
Units will be offered in four floor plans: studios, one bedrooms, two bedrooms, and penthouses.
March 19, 2014: The Current apartment tower, previously dubbed the Shoreline Gateway, is set to break ground this Friday and will welcome Long Beach’s first high-rise apartment complex in over a decade.
Located at the intersection of Ocean and Lime—its address will formally be 707 East Ocean—the $70M, 17-story design was ten years in the making after the property was purchased by AndersonPacific LLC (AP) in 2004.
“When we purchased this property, we had a very strong vision of what this area could become,” said Jim Anderson, CEO of AP. “It was to be a uniquely conceived project that would be a catalyst for the area: a walkable, iconic gateway to downtown, with green and public space, sensitive to the waterfront and environment. In short, we wanted to create something special for Long Beach that would contribute to the greater community–not just build a project.”
New to the public eye are the interiors of the units, created by El Segundo-based Rockefeller Partners Architects. Described as “a unique blend of cool, clean lines with warm, beach-inspired materials,” the units aim for contemporary with hints of mid-mod design to appeal to the inspiration behind the design.
After its completion, its accompanying sister tower will join the space behind The Current in the form of a massive, 35-story condominium tower that is expected to break ground in two years.
The building is slated to be completed in early 2016.