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LBBJ Real Estate Investment

Who's Investing in Long Beach

Release Date: 2017-11-06

Long Beach Mayor Robert Garcia frequently describes the city as “booming.” One of the measures he uses to demonstrate this is the number of developments underway and planned citywide. Dozens of developments, residential and commercial, are already taking shape, with more to come.

According to city staff, over 1,350 residential units are currently under construction, with 1,500 more in the planning stages – and these numbers include only developments with five or more units. Lennar Multifamily Communities’ 216-unit apartment complex, Oceanaire, at 150 W. Ocean Blvd. and Sares-Regis’s three downtown housing projects totaling 348 units are among the projects moving along, with several affordable housing developments rising up and two single-family neighborhoods also under construction, to name a few.

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