New Renderings Revealed for $154M ‘Broadway Block’ Development in Long Beach
Renderings courtesy of Ratkovich Properties.
Right next to the very uninspiring lofts being built at the northwest corner of Broadway and Elm in DTLB, a much (much) larger neighboring project has revealed renderings.
The $154M Broadway Block project takes up the eastern edge of Long Beach Blvd. between Broadway and 3rd Street. In this space sits the revered-but-shuttered Acres of Books, which developer Cliff Ratkovich of Ratkovich Properties said would not only be adaptively reused for the project but also brought into the project “to create a one-of-a-kind culture and spirit.”
The other part of the 50,000 sq. ft. space is mainly used as a parking lot.
The property was transferred to Broadway Block LLC for $7.8M in an unanimous vote during the Long Beach City Council meeting in July of last year. The development, a partnership between Ratkovich Properties LLC, Urbana LLC, and The Owl Companies.
The 3rd Street portion will have a 21-story residential while the Broadway stretch will have a seven-story structure. Combined, the project will bring 375 residential units to the Downtown area, 5,773 square feet of creative office space, 3,873 square feet of flex space, 6,012 square feet of loft space, 1,311 square feet of ArtExchange space and 3,200 square feet of university space.
Even more, the project garnered attention last year for the fact that it will build affordable units for Cal State Long Beach graduate students in the structure aligned for Broadway.
Total parking requirements for the site are 511 spaces but 524 spaces are included in the current proposal.
Construction is expected to begin summer of 2018.