The transformation of a 1960s office building in Downtown Long Beach into housing is back in swing under new ownership.
2020, property management and development firm Greystar shelled out just over $19 million to purchase the nine-story building at 200 W. Long Beach Boulevard, which Anaheim-based Milan Capital Management was midway through converting into 98 apartments.
The Studio One Eleven-designed adaptive reuse project is revamping the exterior and lobby of the of the mid-century building, while also adding amenities such as a pool deck, a courtyard, a fitness center, and a clubroom.
The completed project will include a mix of studio, one-, two-, and three-bedroom floor plans ranging from 662 to 2,222 square feet in size, according to a promotional website.
The apartments are scheduled to open for residents in February 2022.
The 200 Ocean building also sits two blocks west of the historic Breakers Hotel, a 1920s landmark which is in the midst of a conversion back to a hotel by local developer Pacific6.