A midcentury office building in Long Beach has completed its transformation into luxury apartments. Called simply Edison, the building is currently accepting applicants for a September move-in.
Originally constructed in 1959, the structure housed the Edison Electric Company before it was acquired by the city in 2000. It housed the police department for a while, but has stood vacant since 2005. In 2013, the city of Long Beach sold the property, then known as City Hall East, to developers including Long Beach-based Ratkovich Properties. As the Long Beach Press Telegram reports, the deal sparked a bit of controversy at the time. The $2.1 million price tag was far below a $4 million offer submitted in 2010 and downright paltry next to an appraisal that valued the building at $9 million the year it became city property.
Cliff Ratkovich, whose company partnered with the Kor Group and Waterton Development in acquiring and developing the property, told the Press Telegram in 2013 that the deal was on the level; the massive expense of remodeling and retrofitting the historic structure apparently contributed to the curiously low sale price. At the time, apartments were expected to be ready by early 2015.
Well, it’s taken a little longer than that, but they’re here now, and looking pretty spiffy at that. A press release from the developers indicates that some of the building’s midcentury features, including the lobby area, have been restored and refurbished, while individual units make good use of the building’s floor-to-ceiling windows.
The young professional-courting building’s long list of amenities includes a fitness center, game room, rooftop pool and lounge, community barbecue and cooking area, building-wide wi-fi, and even a pet-washing station. Apartments range in size from 585-square-foot studios to two-bedroom units with over 1,300 square feet of space. Prices start at $1,880 and go all the way up to $5,900 for the most expensive penthouse.