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Old February 11th, 2005, 10:27 PM   #1
vicecityguy
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Talking Construction Starts on High-Rise Project In Long Beach

CONSTRUCTION STARTS ON HIGH-RISE PROJECT



West Ocean — depicted above by an outlined rendering superimposed on a photo of a bird’s-eye view of Long Beach — will offer 246 condominiums.

Construction has started on West Ocean, a high-rise residential development offering harbor, ocean and cityscape vistas in Long Beach.

The $185-million project will offer 246 luxury condominiums in eight floor plans measuring from 950 to more than 3,200 square feet, with one to three bedrooms and one to 2 1/2 baths.

Prices range from the high $400,000s to more than $2.7 million.

The development’s first tower, offering 132 residences, has practically sold out before groundbreaking, according to sales consultant Emily Frantz.

The commencement date for sales on the second tower, offering 114 condominiums, has not been determined, she said.

The contemporary-style complex will provide such amenities as a lobby, concierge service, a pool, a spa, barbecue areas, a media/club room, a fitness center and meeting/conference areas.

Coastal shops, restaurants and entertainment facilities are nearby, Frantz said. Also in the vicinity are the Queen Mary and the site of the Long Beach Grand Prix.

An off-site sales center is nearby, at 444 W. Ocean Blvd, Suite 110, in the lobby of the California Bank and Trust Building.

To get there, exit the San Diego Freeway (405) in Long Beach and head south on the Long Beach Freeway (710) until it curves east, becoming Shoreline Drive. Go left on Chestnut Place and then left on Ocean Boulevard to the sales gallery, which is open from 10 a.m. to 5 p.m. daily.

West Ocean is being developed by Viewcor Long Beach LP, which is affiliated with Intracorp Los Angeles.

Intracorp Los Angeles is affiliated with the Intracorp group of companies, one of the nation’s leading urban developers. The firm has more than 15 years of experience in developing homes, multi-family residences and commercial real estate in the U.S. and Canada.

The company is a builder of mixed-use projects on the West Coast, including mid-rise, high-rise and residential/retail condominium, townhome and apartment complexes.

For more information, call (562) 436-2326 or visit the website at www.WestOceanLB.com.
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Old February 11th, 2005, 10:34 PM   #2
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Edgewater On Ocean

Edgewater On Ocean



Developer buys downtown site to construct 22-story building.

By Don Jergler
Staff writer

LONG BEACH — A Pasadena developer has purchased one of downtown's premium ocean-view sites, and construction on the city's newest upscale residential tower could get under way by this time next year.

The Edgewater on Ocean, a 22-story, 155-unit condominium tower at Ocean Boulevard and Pine Avenue, could be completed and ready to be occupied by 2007, according to developer James Ratkovich & Associates Inc. of Pasadena.

The developers say they have "set an aggressive schedule' to get the project completed.

The firm purchased The Pacific at 850 E. Ocean in 1996, a failed venture developed by a Japanese firm, and completed and sold the 187-unit, 16-story condo development by 2000, said Steven Clark, Ratkovich's executive vice president.

The firm's newest project will be developed by 100 E. Ocean Partners LLC which includes Ratkovich and other investment partners, Clark said. 100 E. Ocean is the site's address.

The site was sold by Ensemble Investments, a former owner of the World Trade Center in downtown Long Beach and a property manager.

Clark declined to give the purchase price.

"It was a lot of money," he said. "We bought it for a great price relative to the current value. We believe we got a good deal."

Clark said units, which range in size from a 990-square-foot one-bedroom unit to a 3,600-square-foot penthouse, will sell for between $400,000 and $4 million.

The building will include a subterranean garage with 338 parking spaces. Additional parking for the structure will be built at the corner of Seaside Way and Locust Avenue by the seller as part of the deal, Clark said.

Ground-floor retail tenants proposed for the project include a gourmet market, a cafe and a spa and health club.

"This building is going to be an icon building in the city of Long Beach's skyline," Clark said.

Up to 4,000 upscale residential units are being added to downtown, many in the form of high-rise towers.

In June, a deal was made for a two-tower, 246-unit project on the site of what is now a pay parking lot at Ocean Boulevard and Chestnut Street. Units in the 29-and 22-story towers will sell for between $400,000 and $1 million.

Further down Ocean is Camden at Harbor View, consisting of 538 waterfront units in two nine-story towers, as well as four towers built to four stories, which have been renting for more than a year. Further yet on Ocean is the nearly completed 556-apartment-unit Aqua, formerly known as Ocean Villas, two 22-story towers, at Linden.

Once ground is broken, the Edgewater project will take from 16 to 20 months to complete, Clark said.

He estimates project costs at between $100 million and $105 million and said he believes they will recoup more than $150 million in sales.

Since Ensemble had previously obtained civic approval to build a 22-story residential tower, no further city action will be necessary to get the project green-lighted, other than basic permit approvals, Clark said.

He said the project attracted his firm because of its locale its near the newly opened Pike at Rainbow Harbor retail and entertainment center, the Long Beach Convention Center and Pine Avenue.

"We like the fact that it's urban living on the beach," Clark said. "Being at the corner of Pine Avenue, that's where it's all happening."
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Old February 11th, 2005, 10:35 PM   #3
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Camden Condominiums

150 West Ocean Blvd
216 Units

Last edited by vicecityguy; February 13th, 2005 at 02:06 AM.
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Old February 11th, 2005, 10:39 PM   #4
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Aqua Condominiums

Long Beach, California

AQUA is a spectacular high-rise residential community made up of two radiant 18-story towers, and set on a prominent Ocean Boulevard address in the vibrant neighborhood of downtown Long Beach. Styled with an Art Deco architectural design that evokes the rich history of Long Beach, the condominium homes at AQUA will boast panoramic vistas of the Pacific Ocean and Queen Mary, as well as tremendous views of the city skyline.

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Old February 12th, 2005, 12:36 AM   #5
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those are some great projects! Edgewater looks amazing as do the others. i would love to live in any of those.
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Old February 13th, 2005, 03:32 AM   #6
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Hotel D'Orsay Promenade:


Porte Cochere, Hotel Main Entrance:


http://www.cuningham.com/portfolio/h...teldorsay.html

Beautiful downtown Long Beach, in sunny Southern California, has a very successful convention center, a well known aquarium, and a new entertainment-based retail mall. What has been missing is a hospitality project to lure vacation and business travelers alike.

The Embassy Suites at the D'Orsay Promenade is poised to fill that void for the city. The 11- story, urban boutique hotel will carry Hilton’s Embassy Suites flag with site specific design modifications. In order to make the most of its promenient Broadway and Promenade corner location, a 2-story animated base will feature the hotel’s signature restaurant, bar, upscale retail, meeting rooms and a 5,000 square foot ballroom.

The all concrete structural system will be clad around the base in a mixture of stone, glass, aluminum trim and exterior plaster. The contemporary façade includes hints of classic streets and timeless elegance. The hotel tower has been designed to afford more than three-quarters of the guest rooms with views of the ocean while balancing the scale of the neighboring buildings in both mass and form.

The porte cochere and the lobby will become symbols of the hotel's passion for understated elegance and inviting hospitality. A large fireplace anchors the lobby lounge which will be filled with comfortable seating, classic artwork and rich draperies. The 30-foot bar is set to become the meeting place downtown and is located adjacent to the new restaurant which opens out onto the Promenade.


Location
Long Beach, California

Client
D'Orsay International Partners

Scope of Services
Architecture

Project Size
228 Keys
240,000 Square Feet

Construction Cost
$26 Million


Pike Hotel

LONG BEACH, CA--(MARKET WIRE)--Nov 11, 2004 -- Developers Diversified Realty (NYSEDR - News), the developer, owner and manager of the Pike at Rainbow Harbor, today announced a signed lease with LodgeWorks LP to open a 97,000 square foot Sierra Suites extended stay hotel at the 18-acre entertainment center on the waterfront in downtown Long Beach, California.




The upscale, seven-story hotel will be built to the east of the Pike's parking garage at 285 Bay Street and feature approximately 140 all-suite rooms, meeting facilities and public areas, a roof-top swimming pool and fitness center. The hotel is scheduled to open by Summer 2006. Wichita, KS-based LodgeWorks, LP operates more than 33 hotels nationwide, as Sierra Suites, Summerfield Suites and Hawthorn Suites chains. The all-suite hotel is an $18.5 million project featuring in-room appointments and contemporary architecture reflective of the Pike at Rainbow Harbor and the surrounding residential developments.

The Pike at Rainbow Harbor is a 369,000-square-foot entertainment center featuring a stellar line up of retail, restaurants, and entertainment venues including: P.F. Chang's China Bistro, Auld Dubliner, Big Dippers, Bubba Gump Shrimp Co., Gladstone's 4 Fish, California Pizza Kitchen, a 14-screen Cinemark Theater with all-stadium seating, GameWorks, featuring a 10-lane bowling alley and its signature restaurant JAX Grill, Cold Stone Creamery, Island's Fine Burgers, Extreme Pizza, Great Steak & Potato, Long Beach Clothing Company, Kelly's Coffee & Fudge Factory, Outback Steak House, Club V -- the Venue, an Art Deco-themed nightclub on the waterfront, featuring a high-tech lighting system, a large dance floor and live entertainment.

Under construction and expected to open soon are Chili's, Mai Tai Bar, Tokyo Wako, Buca di Beppo and the Laugh Factory.

Signature elements of the project include a pedestrian bridge over Shoreline Drive reminiscent of the Cyclone Racer wooden roller coaster that operated in the city's historic Pike amusement zone, a turn-of-the-century carousel with hand-carved horses and a Ferris wheel amusement ride, which are both scheduled to open in December.

"We are thrilled to announce this transaction with Sierra Suites," said Tim Bruce, Senior Vice President of Development for Developers Diversified Realty. "It's another positive step in the direction of the Pike. A hotel was always contemplated at this project and we are delighted to deliver such a first class tenant."

The Pike at Rainbow Harbor is owned and operated by Developers Diversified. The Company currently owns and manages approximately 460 retail operating and development properties in 44 states comprising over 102 million square feet of real estate. DDR is a self-administered and self-managed real estate investment trust (REIT) operating as a fully integrated real estate company which acquires, develops, leases and manages shopping centers. You can learn more about the Company and The Pike at Rainbow Harbor at the Company's Internet address www.ddr.com .
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Old February 14th, 2005, 09:02 PM   #7
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no love for long beach?
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Old February 14th, 2005, 11:02 PM   #8
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Long Beach is really getting better by the day. I hope they continue to add stuff at the Pike, because right now it is small. Putting a hotel there is a good idea.
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Old February 15th, 2005, 12:10 AM   #9
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I loves Long Beach.
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Old February 15th, 2005, 03:09 AM   #10
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There should be plenty of love for Long Beach, as it's already a decent urban spot, and should really be a nice place to live in a few more years. I bet property values there will outperform most other parts of LA.
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Old February 15th, 2005, 05:00 AM   #11
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I'm competely overwhelming by all the developement throughout the Southland. Between Downtown L.A. and Long Beach, I personally think L.A. will be the city to beat in about twenty years. To elaborate, L.A. will become the super city of the West and maybe the country, though it may take time, L.A. has everything in order. With the new Convention Center Hotel and L.A. Live, and hopefully Grand Ave becoming what people expect and want; Long Beach will become the city outside the powerhouse, where everyone wants to go and be at the beach.
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Old February 15th, 2005, 05:40 AM   #12
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This is a far cry from when I was going to college at CSULB! Great changes!
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HMMM Interesting....
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Old February 15th, 2005, 06:23 AM   #13
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^ and they keep on coming. With LA Live breaking ground in MAy and Grand Ave at the end of the year, there will be plenty more to come in Downtown LA. I think DT LA is now officially at Boom town status. Keep on checking in and we'll post everything we find.
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Old February 15th, 2005, 08:04 AM   #14
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LB has lagged behind the other coastal areas of LA by far. It's a steal right now to fetch one of these. Nice stuff.
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Old February 15th, 2005, 09:10 PM   #15
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Also, its nice that the two cities are already connected via light rail.... no tranfers required!
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Old February 17th, 2005, 10:18 PM   #16
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Camden Condos @ 150 Ocean






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