Luxury High-Rise Build Shows Evolution of Long Beach

The Long Beach multifamily market has grown rapidly in the last five years. It has become model live-work-play environment and has an apartment construction pipeline of 2,500 units to meet the growing demand. Now, a new milestone for the growing market: a new luxury high-rise property. Ledcor Properties and Anderson Pacific LLC have broken ground on Shoreline Gateway, the second phase of the Current, the first high-rise apartment community under construction in Long Beach since 1966. The project illustrates not only the growing demand in Long Beach but the changing demand as well.

“The Long Beach multifamily market has steadily improved over the last several years. Throughout Downtown corridors, visible examples of investment in new businesses, commercial and residential development, placemaking and public realm endeavors, all add to the vibrancy and excitement of Long Beach,” Ryan Altoon, EVP at AndersonPacific, tells GlobeSt.com. “Downtown is at the center of this activity, focused upon creating and delivering a unique experience that only a true waterfront urban city can provide. These market forces all support a robust and expanding base of new housing in Downtown.”