IRVINE, Calif., June 5, 2017 /PRNewswire/ -- SARES REGIS Group (SRG), headquartered in Irvine, CA, has launched construction on three apartment communities, totaling 348 units, in downtown Long Beach. The Alamitos, 136-units and The Linden, 49-units, have started construction and are on the eastern edge of downtown in the vibrant East Village. The third community, The Pacific, with 163-units, is on the west side of downtown, and is part of the Civic Center master-plan redevelopment.
"We are delighted to provide quality housing to enhance the growing vibrancy of downtown Long Beach," said Chris Payne, Managing Director of SARES REGIS Group. "Downtown is fast becoming a great place to live, with abundant amenities nearby. Long Beach is undergoing a revitalization of its urban core stimulating new housing demand and we believe this is just the beginning of great times ahead for Long Beach."
All three communities are adjacent to urban amenities, including restaurants, bars and shopping. Also within walking distance will be the Metro Blue Line, which provides a direct connection to downtown Los Angeles.
The communities offer striking and unique architecture complimenting each of the neighborhoods. They also provide stylish interior and exterior amenities including courtyards with active dining and gaming, state-of-the-art fitness centers, rooftop decks, game rooms, bike rooms and pet amenities. Apartments will offer contemporary finishes with modern kitchen and bath features, washers and dryers, recessed lighting, stainless steel appliances, and USB charging ports. All buildings will be LEED Certified, and are designed by Long Beach based architects Studio One Eleven.
The Alamitos. Located at 1st Street and Alamitos Avenue, The Alamitos will offer 136 apartment homes plus 2,500 square feet of ground-floor restaurant space, and six floors of apartments. The unit mix will consist of studios, and one- and two-bedroom floorplans, ranging from 660 square feet to 1,620 square feet. Construction began in May 2017 and will be completed in early 2019.
The Linden. The Linden, at 4th Street and Linden Avenue, will provide 49 apartment homes plus 2,500 square feet of ground-floor retail, along with five floors of apartments. The unit mix will be an even split of one and two bedroom apartments, ranging from 700 square feet to 1,570 square feet. Construction will begin in June 2017 and will be completed in early 2019.
The Pacific. The Pacific, at 3rd Street and Pacific Avenue, with 163 apartment homes, will have seven levels of apartments. The unit mix will include ground floor townhomes on all street frontages, and studios, one- and two-bedroom apartments. Ten percent of the units (17) will be reserved for moderate income residents. Construction will begin in July 2017 and will be completed in summer of 2019.
SARES REGIS Group of Irvine, California, is a privately held real estate development, investment and management firm that focuses on commercial properties and multifamily communities in the western U.S. Since its founding in 1993, SRG has developed and acquired more than $7 billion in commercial and residential assets. The company manages a combined portfolio of approximately 22 million square feet of office and industrial space, and 18,300 apartment units.
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SOURCE SARES REGIS Group