PRESS RELEASE

City of Long Beach 
Public Information Office
333 W. Ocean Blvd, 
Long Beach, CA 90802

6/10/2016
FOR IMMEDIATE RELEASEPress Release # CM: 061016
Subject:
City of Long Beach Celebrates Grand Opening of First High-Rise Apartment Complex in Over a Decade
Contact:
Jacqueline Medina, Communications,
Long Beach Development Services
562.570.3827
Jacqueline.Medina@longbeach.gov




The City of Long Beach last night celebrated the grand opening of “The Current,” the City’s first high-rise apartment complex built in more than a decade. Located at 707 E. Ocean Boulevard, the 17-story mixed-use development consists of 223 luxury rental units, more than 6,000 square feet of retail and restaurant space, and a 10,000-square-foot plaza. The developers were Anderson Pacific, LLC; Ledcor Properties Inc.; and Qualico Developments Inc.

“The Current is an amazing addition to the Downtown skyline, and brings more energy and vitality to the City’s core, along with new residents and more jobs,” said Mayor Robert Garcia.

The Current is a Transit Oriented Development with a variety of sustainable features, and further promotes the Downtown Plan. The building and design plans for The Current were entitled under the Downtown Plan, which has proved to be a key catalyst in the ongoing revitalization of Downtown Long Beach.

“The Current exemplifies the City’s long-term redevelopment goals by renewing life to underutilized sites,” said Vice Mayor Suja Lowenthal. “This type of forward-looking development helps to leverage new investments, enhances the quality of life for residents, and makes Long Beach a better place to live, work, and visit for years to come.”

The Current is along a bus line, has easy access to the waterfront and is within walking distance to the Metro Blue Line and the Long Beach Transit Mall, walking/bicycling paths, Pine Avenue and the East Village Arts District.

“In 2004 we envisioned two superior Class A residential towers on this site, emphasizing the ocean and serving as a catalyst to revitalize the East Village Arts District,” said Jim Anderson, CEO, Anderson Pacific, LLC. “We are thrilled, after so many years, to see the first phase of that vision become a reality.”

The Current features studios, one-and two-bedroom apartments, and penthouses. Amenities include a rooftop pool and barbeque area overlooking Downtown Long Beach; a fitness center with private yoga studio; a dog wash station; a "Bike Kitchen" for bicycle maintenance; bicycle parking for all 223 units; and electric vehicle charging stations.

“With great determination, endurance and vision, The Current embodies the spirit of what Public Private Partnerships can accomplish,” said Pat Patterson, Senior Vice President, Ledcor Properties Inc. “The Current is Ledcor’s third mixed-use residential tower in Long Beach – a city that we consider very special. With its abundance of top-of-the-line amenities, ocean views and modern technology, The Current sets itself apart and will provide a great place for its residents, retail tenants and visitors to enjoy for a long time.”

The Current is slated to become the first Leadership in Energy and Environmental Design (LEED)-New Construction (NC) Silver residential tower in the City of Long Beach, as well as the first LEED–Neighborhood Development (ND) Gold campus plan, which incorporates the second phase 35-story residential mixed-use tower. Sustainable features include LED lighting throughout; a fully integrated cistern that collects rainwater for the property's drip irrigation system. Approximately 80 percent of the construction material waste was recycled.

Once an underutilized surface parking lot owned by the former Redevelopment Agency of Long Beach and formerly known as the Shoreline Gateway Project, The Current tower constitutes the first phase of a two-tower complex. The companion 35-story tower is expected to break ground in 2017.

For more information about The Current, visit www.thecurrentliving.com or call 888.706.2955.

About Long Beach Development Services
The mission of Long Beach Development Services is to make a difference in our community by building a dynamic, safe and sustainable city that honors its past and embraces the future. Visit us at www.lbds.info, "Like" us on Facebook, or follow us on Twitter @LongBeachBuilds.