With rents starting at $1,200, the complex, on East FourthStreet at Pine Avenue, features a fitness center, a swimming pooland a spa, steam saunas, outdoor fireplaces, controlled accessparking, a business center, a multipurpose media room and clubroom,and other amenities in what PCS describes as a luxury project.

The Premiere is part of the eight-square block CityPlaceredevelopment that is replacing the former Long Beach Plazaenclosed mall. The apartment project includes five buildings ofthree stories each. It is being built over ground-floor retailspace owned by Cleveland-based Developers Diversified Realty Corp.(DDR).

DDR is the master developer for the eight-block CityPlaceredevelopment area. The Premiere project site is along Pine Avenuebetween 5th and 6th streets, within walking distance of thewaterfront. PCS secured $5.5 million in joint venture equity fromNewport Beach, CA-based Buchanan Street Partners for thedevelopment of the complex.