Ensemble Investments Completes Long Beach Multifamily Project
- Jul 31, 2019
Ensemble Investments has completed 442 Residences, a seven-story, 94-unit multifamily building that is part of the 444 W. Ocean Blvd. campus directly across from the new Long Beach Civic Center in Long Beach, Calif.
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442 Residences shares a 2-acre campus with 444 W. Ocean, a 15-story, 188,000-square-foot office building and 10,000 square feet of retail space including the Aroma di Roma Café. Ensemble, which has its headquarters at 444 W. Ocean, also has offices in Phoenix, Las Vegas and Reno, Nev. The firm focuses on the healthcare, hospitality, commercial and urban multifamily/mixed-use sectors.
Greystar Management is the property manager and Studio T-Square 2, also based in Long Beach, is the architecture and design firm, for 442 Residences. Studio T-SQ2 also designed the exterior renovation of 444 W. Ocean Blvd. in 2015.
442 Residences has loft-style floor plans with units ranging from studios to two-bedrooms, two-baths. The units have high ceilings, large living spaces, balconies and washers and dryers. Community amenities include controlled access, fitness center, clubhouse, swimming pool and spa, rooftop terrace and electric charging stations. Unit sizes range from 514 square feet from the smallest studios to 1,260 feet for two-bedroom, two-bath units, with an average of 737 square feet, according to Yardi Matrix data. Rents range from $2,015 for a studio to $3,676 for a two-bedroom, two-bath apartment, with an average rent of $2,676, Yardi Matrix reported.
The roof deck and general massing of the building was designed to resemble a cruise ship, a nod to Long Beach’s history as a port city.
The city is undergoing a building boom with more than $5 billion in private and public investments started in 2018 and more expected this year. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. The Crest, a luxury apartment community at 2017 Seaside Way across from the Long Beach Convention and Entertainment Center, is due to open in September. Inkwell, a mid-rise apartment building in the downtown, is expected to begin construction in spring 2020. Studio T-SQ2 also designed those apartment buildings.