Developer Izek Shomof is taking his office-to-residential conversion work from downtown Los Angeles to downtown Long Beach. Shomof filed an application with the Long Beach Planning Bureau seeking authorization to convert a 24-story office tower at 111 West Ocean Boulevard into housing, Urbanize Los Angeles reported. The developer plans to turn the existing building, spanning more than 480,000 square feet, into 391 residential units. Shomof acquired the property, known as Landmark Square, last fall for $50 million, The Real Deal previously reported. A Manulife Financial Corporation affiliate sold the property at a steep discount, having purchased the offices in 2013 […]
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