A new residential project has been proposed for development of 832 East 5th Street in Long Beach. The project proposal includes the development of a new residential project offering small apartments. Once approved, the project will replace surface parking on the site.
Great Broadway Investment, LLC is listed as the property owner.
The scope of work includes the construction of six-story, 40,000-square-foot development offering 74 apartments and 12 ground-floor parking stalls. The project will offer micro units for rent for moderate-income and very low-income households. Plans call for a fully income-restricted housing development, including nine units reserved for very low-income renters and 65 apartments for earmarked for moderate-income renters.
The project site is located on the east side of Downtown Long Beach, on a corner lot bounded by 5th Street to the north and Alamitos Avenue to the east.
A project application has been submitted, pending review and approval. The estimated construction timeline has not been revealed yet.
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