Bridge Housing CEO Cynthia Parker and a rendering of the view from Walnut and Anaheim
(Credit: SVA Architects)
Add another win for Long Beach renters.
Bridge Housing Corp., a nonprofit developer, has filed plans to build an 88-unit apartment complex for low-income residents, Urbanize reported. The filing comes one week after Long Beach city officials approved a measure aimed at protecting renters in the area, where prices have been skyrocketing amid tight supply.
Spanning 116,000 square feet, the five-story building would rise at 1500 East Anaheim Street. In addition to the 88 units, there would be street-level retail, a medical office and three-story parking garage.
SVA Architects is designing the project, which will include a rooftop deck and central courtyard.
Bridge bought the vacant lot from the Long Beach Community Redevelopment Agency in 2016 for $2.5 million, Gazettes previously reported.
The San Francisco-based nonprofit is also building an 180-unit apartment building at a vacant lot in South L.A. Set to rise on a 4-acre site, the complex will also include around 62,000 square feet of commercial space.
Its latest project in Long Beach comes as the city, much like the rest of the county, grapples with an affordable housing problem. Last week, Long Beach City Council passed an ordinance that will force landlords to pay for tenant relocation fees if they increase rent by more than 10 percent in one year. The fees will range depending on the size of the unit, with a cap at $4,500. [Urbanize] — Natalie Hoberman
Powered by WPeMatico