SRLBS – Long Beach Mixed-Use Development – California - Project Profile
"SRLBS – Long Beach Mixed-Use Development – California - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Shore Road-Long Beach Superblock LLC (SRLBS), a subsidiary of iStar Financial, is planning to undertake the construction of a mixed-use facility in California, the US.
The project involves the construction of two 15-story luxury apartment towers comprising 522 residential units on 2.4ha of land.
It will include the construction of 1,021m2 retail facilities, a 6,000m2 restaurant, a sports bar, 950 parking spaces and related facilities.
In January 2014, SRLBS submitted a planning application to the city council.
In February 2014, the city zoning board approved the project.
Camoin Associates conducted an economic impact analysis of the construction and occupation of the Project on Nassau County and also a fiscal impact analysis.
In May 2015, SRLBS submitted tax break application to Nassau County Industrial Development Agency for voting.
In July 2016, The Nassau County Industrial Development Agency voted against the tax break.
iStar awaiting financial assistance from the Nassau County Industrial Development Agency.
iStar is in a process of applying the tax break for the third time.
The project involves the construction of two 15-story luxury apartment towers on 2.4ha of land in Long Beach, New York, the US.
The US$336 million project includes the following:
1. Construction of 522 apartment units
2. Construction of retail shops
3. Construction of restaurants
4. Construction of a sports bar
5. Construction of 950 parking spaces
6. Construction of other related facilitiesReasons To Buy