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California  + Los Angeles  + Apartments  | 

JPI Breaks Ground on Redevelopment of Former City Place Long Beach

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.

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Inside The Story

JPI's Fadule

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
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