LONG BEACH, Calif. (July 25, 2022) – The Downtown Long Beach (DTLB) renaissance continues to bloom with The Magnolia from Ensemble Real Estate Investments, a new mixed-use property that is now open and leasing at 500 W Broadway.
The 142-unit, mixed-use project brings modern luxury rental residence where effortless elegance meets relaxed refinement. The Magnolia is a short walk to downtown shops, restaurants, parks, and high-rise offices; an easy bike ride to the beach, and offers easy access to 710 Freeway and Metro Line.
Sugar Taco, a popular plant based Mexican restaurant out of West Hollywood, and Pawspace, a daycare, boarding, grooming, and adoption center, has already leased the ground floor retail space. More information on residential leasing is available by calling 844-609-3293, email at [email protected] or visit www.livemagnolialongbeach.com.
The City of Long Beach is experiencing an unprecedented period of growth with more than $2 billion of public and private funds invested over the last five years in the Downtown core. The investments to date coupled with over $3.5 billion in additional city investments, either planned or under development, will continue to revitalize the urban landscape and further strengthen the thriving downtown economy. The Magnolia sits directly across from the recently completed George Deukmejian Courthouse and the $520 million Civic Center.
“Long Beach is the only major city with a coastal downtown between San Diego and San Francisco,” said Tyson Sayles, Principal, Multifamily and Mixed-Use Properties at Ensemble Real Estate Investments. “Downtown Long Beach’s vibrancy is shown in its aquarium and beaches, its performing arts and business, its local retailers and its public transit and freeway access.”
The Magnolia marks the third multifamily project completed by Ensemble in downtown Long Beach followed by The Crest and 442 Residences. Ensemble’s portfolio of multifamily projects is rapidly expanding with nearly 5,000 units under construction or in its pipeline across the United States.
“We’re excited to have Ensemble Real Estate Investments complete another great project in Downtown, this one enhancing our West Gateway corridor,” said Long Beach Mayor Robert Garcia. “Their vision has helped strengthen Long Beach, making our downtown even more of a community – and it an ideal place to work, raise a family and invest in the future.”
The Magnolia’s hospitality-inspired interiors and high-end, boutique finishes found throughout the units and common spaces area were created by Arial Fox Design. Residence features include open floor plan layouts with 9’9’’-11’1” ceilings, smart home technology, environmentally mindful and energy efficient construction, luxury wide plank vinyl wood flooring, contemporary European style cabinetry with soft close and integrated LED lighting, Quartz countertops with tile or contemporary solid-surface backsplash, barn doors and contemporary sliding wall enclosures on select units, full size in-unit stackable washer and dryers, 300 mbps in-unit Wi-Fi, spacious, custom modular closets with built-in shelving, EV charging stations available with chargers available, and large oversized balconies on select units.
The community features a large rooftop amenity complex with panoramic views of downtown and the Queen Mary. The rooftop amenities include a pool deck, the Sky Lounge, The Parlor, Rooftop Fitness, Office Center and Garden Terrace.
The pool deck is cantilevered high above the corner of Magnolia and Broadway to maximize views and features a heated jetted pool, stationary daybeds and lounge chairs, outdoor shower, outdoor TV fireplace, a seating lounge and lounge. The Sky Lounge features outdoor BBQ grills, communal farm table and lounge seating with an outdoor fireplace.
Residents will enjoy the adjacent indoor-outdoor Veranda with fully operable glass wall opening up to the Sky Lounge. The Veranda features a fully equipped gourmet kitchen; lounge and bar seating; and spaces for co-working, studying, or meeting with a community printer for print, scan, and fax services. There is also The Parlor, a communal lounge seating area with TV for gaming and movies and it’s adjacent to Garden Terrace that offers a quiet rooftop “Zen retreat” with an outdoor fireplace and seating along with a live plant wall feature to help find one’s bliss. In addition, the rooftop amenities include the Office Center with printing, faxing, scanning and videoconference capability for residential booking.
The Rooftop Fitness Center features sweeping downtown views and state of the art Life Fitness equipment with access to live TV, Smart apps, or screen mirroring from a handheld device. A Fitness On Demand room is equipped with a mounted TV designed to provide private classes as well as everyday use. The fitness center also features sliding glass walls that open up to an adjacent fitness deck with outdoor yoga and cardio areas.
The Magnolia offers a gated outdoor dog run, open 24-7 and has an outdoor pet washing station, complimentary WiFi throughout the building, electric vehicle parking, and a state of the art Bike Shop with Dero bike racks and air-repair station. Bicyclists can take advantage of more than 165 miles of bikeways in Long Beach and easily bike to the beach and nearby attractions.
Sugar Taco will be located an elevator ride away on the ground floor. A delicious twist on Vegan food, their menu stays true to authentic Mexican flavors in a vibrant and fun atmosphere. This will be Sugar Taco’s third location upon opening at The Magnolia.
“We are excited to meet our new Long Beach neighbors and join the eclectic and delicious food scene in the seaside city while sharing our commitment to a better world one taco at a time,” said Jayde Nicole, Owner of Sugar Taco. “At Sugar Taco, great food and great ethics go hand in hand. Our motto is, ‘Saving The World One Taco At A Time,’ and we understand that in order to educate others, we must first become the change. You too can become the change you want to see in the world.”
Pawspace, a daycare, boarding, grooming, and adoption center will open later in 2022. Each resident receives a free annual membership that includes three free days of doggie daycare, one free overnight boarding stay, 15 percent off all services including grooming, 10 percent off all retail products, 10 percent off adoption fees, and dog walking services.
About Ensemble Real Estate Investments
Over the past 40 years, Ensemble has successfully invested and developed more than $2 billion in real estate across the United States, offering state-of-the-art property solutions in the healthcare/life science, hospitality, commercial, multi-family and mixed-use sectors. Headquartered in Long Beach, California, Ensemble has offices in Philadelphia and Phoenix and has over 750 employees. For more information, visit www.ensemble.net.