Cushman to Build Long Beach Tower : Buys Out Houston Firm to Become Sole Developer of Property on Ocean Blvd.

A December construction start is scheduled for Landmark Square, a $90-million, 24-story office tower by Cushman Investment & Development Co. at 101 W. Ocean Ave. in downtown Long Beach.

Charles S. Peck, president of Cushman Investment & Development, said the project will be constructed on the last available block of prime Ocean Boulevard land in Long Beach.

Cushman Investment & Development Co. is a subsidiary of Cushman Realty Corp., which purchased the interest of Treptow Development Co., Houston, to become the sole developer.

The buy-out of Treptow’s interest was followed by “sweeping design changes” of the 434,000-square-foot building, designed by the Landau Partnership Inc., Santa Monica, Peck said. The 1.8-acre site is bounded by Ocean Boulevard, Pine Avenue, Pacific and 1st streets.

“Landmark Square will present a very exciting architectural statement, using four different types of granite,” according to Thomas H. Landau, principal of the design firm.

A special feature of the project, scheduled for completion in the fall of 1990, will be a 1-acre park-like terrace with a sculpture garden atop the project’s adjoining structure. There will be three subterranean and five above-grade parking levels with room for 1,452 cars.

The project will have 412,000 square feet of office space and 22,000 square feet of retail space on the ground floor, according to Kevin C. Harrigan, director of marketing and leasing at Cushman Investment & Development.

Office floor sizes will range from about 18,200 to 19,800 rentable square feet, with the stepped-back top floors averaging 12,400 square feet, Harrigan said.