JPI has broken ground on Portico, a 272-unit, mixed-use development in Long Beach. The company recently hosted a groundbreaking ceremony to celebrate the $150-million project, the first phase of a 900-unit master plan to redevelop the Mosaic shopping center, formerly known as City Place Long Beach.
“It’s exciting to see this vibrant mixed-use project take shape,” said Mollie Fadule, chief financial and investment officer at JPI. “Long Beach continues to grow with new development throughout the downtown core, and we’re proud to be a part of that momentum.”
Located at 450 The Promenade North, the eight-story, podium-style building will offer a diverse mix of residences along with ground-level retail. Completion is projected for June 2028.
Separately, JPI recently closed on Parcel A for its Jefferson Avenue project, a new 394-unit, four-story garden-style multifamily development in Murrieta, as it continues its expansion in Southern California.
