The apartments will be part of a mixed-use development, now under construction, that will include 450,000 sf of retail and restaurant space, 70 for-sale loft condominiums, and a 138-room all-suite hotel.

PCS expects to begin building the apartments in early September, managing director Todd Shaw tells GlobeSt.com. He estimates construction will take 14 months and that most of the retail space will be completed and leased by the time the apartments are finished.

The 221 units will be called the Premiere at CityPlace. They will include 15 studios, 124 one-bedroom and 82 two-bedroom apartments, Shaw tells GlobeSt.com. Rents will be $1,100 for studios, $1,300 for one bedroom and $1,800 for two bedrooms. "We expect it will take about eight months for lease-up," Shaw tells GlobeSt.com.

the Premiere at CityPlace project not only represents PCS Development¹s entrance into the Long Beach market, but also its first involvement with a mixed-use project.

The apartment project, totaling approximately 200,000 sf will consist of five separate buildings constructed over ground floor retail space that will be owned by project master developer DDR. Each of the five buildings will be three stories in height and will be attached to above-ground parking structures owned and operated by the City of Long Beach.

The CityPlace site covers eight city blocks formerly occupied by the Long Beach Plaza, an enclosed mall opened in 1982 and closed in 1999. The project is walking distance from the waterfront and the Long Beach Convention Center, Shoreline Village, Downtown Marina Complex, Queen Mary/Carnival Cruise Complex, Aquarium of the Pacific and the to-be built Queensway Bay retail entertainment project.

PCS Development Inc., with $250 million in assets, specializes in acquiring, building and managing luxury multi-family properties. It owns and manages more than 50 apartment buildings.