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PCS Joins CityPlace Development Team

LOS ANGELES, CA-PCS Development Inc. will head the luxury apartment portion of the $75-million CityPlace project. In addition to 221 rental units, the widely anticipated project will bring 70 condominiums, a 38-room hotel and 450,000 sf of retail and restaurant space to Downtown Long Beach.

By Erin Cassin | Updated on October 23, 2001

LOS ANGELES, CA-Locally based PCS Development Inc. has joined Long Beach’s $75-million CityPlace mixed-use project, where it will head up development of the luxury multifamily component known as CityPlace Apartments.

Slated to encompass 200,000 sf, CityPlace Apartments will deliver 221 units to Downtown Long Beach. The project, which is scheduled for a March 2002 groundbreaking, will be built above ground floor specialty retail space. PCS plans to purchase air rights from Ohio-based Developers Diversified Realty Corp., CityPlace’s master developer.

The multifamily units, which will consist of 15 studios, 124 one-bedrooms and 82 two-bedrooms, are slated for completion in February 2003. They will be located in five separate, three-story buildings with amenities including a pool, fitness center, theater and business facilities. Rents will range from $1100 to $1800, according to Todd Shaw, managing director of PCS.

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