Mosaic is an existing nine parcel, 347,743 SF open-air retail, office and mixed-use portfolio located in the heart of Downtown Long Beach (“DTLB”).

The project is dissected by The Promenade, a six-block pedestrian thoroughfare in DTLB that is anchored by Mosaic to the north and the Long Beach Convention Center to the south. The Project is comprised of a diverse mix of small suite, mid-box, and big-box commercial properties that includes both free-standing buildings and ground-floor condominiums.

The project, which spans across six contiguous city blocks and occupies more than three city blocks, is strategically located between North Pine and Pine & Promenade, two of DTLB’s most dynamic and vibrant neighborhoods. The project was acquired at an attractive basis through the acquisition of a non-performing senior loan and provides a pivotal placemaking opportunity by re-imagining the property as a vibrant, mixed-use district.

Address
Various; 300 The Promenade North
Long Beach, CA

County
Los Angeles County

Submarket
Downtown Long Beach

Profile
Covered Land | Distressed Debt | Entitlement | Redevelopment | Value-Add

Sector
Mixed-Use

Property Type
Multifamily, Retail and Office

Scope
Nine parcels | 347,743 NRSF | 10.29-acres | ±900 multifamily units

Estimated Completion
March 2024

Acquisition Date
March 2021

Disposition Date
Currently owned by MSIG