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UPB to Develop in Downtown LA & Long Beach

LOS ANGELES-Urban Pacific Builders has announced plans to develop the 221-unit housing component of Long Beach's City Place project, as well as 124 live/work loft spaces in Downtown Los Angeles.

By Erin Cassin | Updated on June 27, 2001

LOS ANGELES-Urban Pacific Builders LLC has announced that it will develop the 221-unit housing component of Long Beach’s City Place redevelopment project, in addition to 124 live/work loft spaces in Downtown Los Angeles. Today’s news comes as developers continue to scramble for infill opportunities in the county’s sizzling multifamily market.

Construction on the City Place multifamily component is slated to start this year, according to Scott K. Choppin, a managing member of Long Beach-based developer UPB. The company has agreed to enter escrow on the apartment units with Developers Diversified Realty, the project’s master developer. UPB is also developing 69 live/work loft condominiums for the City Place project, which are slated for completion in fall 2002. That $15 million project, along with the new multifamily commitment means that the firm is now responsible for all housing at the redevelopment project.

City Place is rising near the Long Beach Promenade and the city’s Pine Avenue corridor on the former site of the Long Beach Mall. Upon completion, the development will include retail and commercial outlets, including Nordstrom Rack, Albertson’s, Home Expo, Ross, Wal-Mart and Save-On.

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