The units will consist of three-stories above one floor ofsemi-subterranean parking. Unit sizes will range from 1,100 sf to2,500 sf with pricing expected to start in the mid-$200,000 range.The property is located nearby to Pine Ave. corridor with AMCTheaters, restaurants, shopping and within close proximity to theAquarium of the Pacific and World Trade Center of Long Beach.

Ohio-based Developers Diversified Realty Corporation isdeveloping CityPlace. The former site of the Long Beach Mall andInternational School, CityPlace encompasses an eight-block vicinitybounded by Pine Avenue, Elm Street, Third Street and Sixth Street.CityPlace is scheduled to open during the first quarter of 2003with 221 apartments, 72 units of lofts for sale, a 38-room hoteland 450,000 sf of retail and restaurant space.

Albertson's, Sav-On, Nordstrom Rack, Wal-Mart and Ross Dress ForLess are currently under construction. CityPlace was designed byVenice, Calif.-based Jerde Partnership, which designed Third St.Promenade in Santa Monica and Horton Plaza in San Diego.O'Donnell/Atkins Company represented both Developers DiversifiedRealty Corporation and Urban Pacific Builders in thetransaction.