Long Beach could soon be receiving additional housing after a 48-unit multifamily property was recently approved by the City Planning Commission. The building is being developed by Topanga Partners with designs from Daryoush Safai Architects and is moving forward despite recent attempts to appeal it.
Located at 525 E. Broadway, the project calls for the construction of a seven-story mixed-use building on 15,000 square feet of land. According to submitted plans, the building will total 56,025 square feet, which include the residential units as well as 5,090 square feet of ground floor retail space and an integrated 60-stall parking garage.
Plans show that residential space will include 10 one-bedroom units, 37 two-bedroom units, and one three-bedroom unit on floors three through seven. Each unit will range in size from approximately 1,000 to 1,200 square feet, with rent beginning at $2,500, the property’s website states.
In addition, each unit is designed with an open floor plan with upgraded appliances, and private balconies will be available in 30 of the total units. Other amenities include a 1,855 square-foot courtyard on the third floor and a 900 square-foot sundeck on the seventh. In addition, the third floor will offer a 940 square-foot fitness center.
“Enjoy the spacious recreation room with large screen television and wet bar. Watch the sunset over the ocean from the common roof top area. Enclosed parking, controlled access gates and 24 hour camera monitoring,” the property website states.
The property is located in downtown Long Beach, near various retail, restaurant and hotel buildings. While centrally located on Broadway, the property is also just a 15-minute walk to Alamitos Beach and connected to the rest of the Greater Los Angeles area through Interstate-710. Three bus stops are also located across from the project site along Atlantic Avenue and E. Broadway.
The property is currently developed with an existing two-story restaurant and surface parking lot, which would be demolished in order to make way for the new development.
The Long Beach Planning Commission first approved the project in May of 2021. Since then, an appeal was submitted by neighboring residents, stating concerns regarding airflow and project design. Earlier this month, however, the appeal was denied after an environmental review found no errors in Topanga Partners’ previously approved plans.
Topanga Partners is a development and construction management company focusing on multifamily properties in Southern California. Based in Los Angeles, the company has been developing, acquiring and managing multifamily assets for more than 25 years. In addition to the Long Beach development, the company also has two properties planned at 14706 Friar Street and 14541 Gilmore Street in Van Nuys. Currently, Topanga’s assets equate to more than $900 million.
Neither Topanga Partners nor Daryoush Safai responded in time to comment.
