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ABOUT THE DOWNTOWN ABOUT THE LONG RANGE

PLAN PROPERTY MANAGEMENT PLAN

InJanuary2012,theDowntownPlansettheCity’s APPROVAL
visioning process into motion by establishing
development and design standards aimed at On March 12, 2015 the City of Long Beach received
enhancing Downtown Long Beach. approval to implement its Long Range Property
Management Plan (Plan) for the disposition and use of
ABOUT THE LONG BEACH real property of the former Long Beach Redevelopment
Agency (RDA). The Mayor, City Council, City staff,
REDEVELOPMENT AGENCY Oversight Board, and Successor Agency spent
considerable time and energy creating and advocating
On February 1, 2012, the Long Beach for this hard fought milestone which will enable future
Redevelopment Agency (LBRDA) was officially investment and development opportunities in the City
dissolved. City staff worked diligently and of Long Beach.
collaboratively to ensure compliance with all
legal requirements surrounding the dissolution The California Department of Finance approved the City’s
of the LBRDA. In complying with the dissolution Plan, which was developed after the State of California
requirements set forth by legislation, the City dissolved Redevelopment Agencies four years ago.
of Long Beach expanded the role of our City The Plan includes an inventory of the real property of
Council, establishing it as the Successor Agency the former Long Beach RDA, which encompasses 259
assuming the responsibilities of the former parcels at 71 sites.
LBRDA. An Oversight Board was formed tasked
with supervising all activities completed by the On Tuesday, March 31, 2015 Mayor Garcia and the
Successor Agency. The City of Long Beach Downtown Long Beach Associates (DLBA) hosted a
Development Services Department continued forum on investment and development opportunities
to develop the legally mandated Long Range in Long Beach. The forum provided opportunities to
Property Management Plan (LRPMP), which networkwithotherdeveloperswhohavetakenadvantage
outlines the disposition of former LBRDA-owned of award-winning city policies, such as the Downtown
properties. Plan and Long Beach’s Adaptive Reuse Ordinance.

100 E OCEAN BLVD

DEVELOPER

American Life, LLC.

427 1,027

PROPOSED HOTEL ROOMS TOTAL PROPOSED
TEMPORARY JOBS
8,000 SF
175
PROPOSED RETAIL SPACE
TOTAL PROPOSED
(commercial space available to lease to potential tenants) PERMANENT JOBS

$181M
TOTAL PROPOSED
INVESTMENT

BROADWAY BLOCK SITES A & B

DEVELOPER ADDRESS

Broadway Block LLC. 200-232 Long Beach Blvd.

375 990 $154M
TOTAL PROPOSED
PROPOSED RESIDENTIAL UNITS TOTAL PROPOSED INVESTMENT
TEMPORARY JOBS
19,587 SF
113
PROPOSED GROUND
FLOOR RETAIL SPACE TOTAL PROPOSED
PERMANENT JOBS
(commercial space available to lease to potential tenants)

BROADWAY & THE PROMENADE

DEVELOPER ADDRESS

RainTree Partners LLC. 127-135 E Broadway / 120 E 3rd St.

132 783 $52.7M
TOTAL PROPOSED
PROPOSED RESIDENTIAL UNITS TOTAL PROPOSED INVESTMENT
TEMPORARY JOBS
14,000 SF
55
PROPOSED GROUND
FLOOR RETAIL SPACE TOTAL PROPOSED
PERMANENT JOBS
(commercial space available to lease to potential tenants)

BROADWAY & LONG BEACH BLVD

DEVELOPER ADDRESS

RainTree Partners LLC. 125-133 N Long Beach Blvd. / 234-348 E. Broadway

166 883 $61.7M
TOTAL PROPOSED
PROPOSED RESIDENTIAL UNITS TOTAL PROPOSED INVESTMENT
TEMPORARY JOBS
8,000 SF
45
PROPOSED GROUND
FLOOR RETAIL SPACE TOTAL PROPOSED
PERMANENT JOBS
(commercial space available to lease to potential tenants)

3RD ST & PACIFIC AVE

DEVELOPER ADDRESS

Ensemble Real Estate Investments 3rd St. and Pacific Ave.

325 1,503 $128M
TOTAL PROPOSED
PROPOSED RESIDENTIAL UNITS TOTAL PROPOSED INVESTMENT
TEMPORARY JOBS
27,000 SF
N/A
PROPOSED GROUND
FLOOR RETAIL SPACE TOTAL PROPOSED
PERMANENT JOBS
(commercial space available to lease to potential tenants)

LONG BEACH CIVIC CENTER

DEVELOPER INCLUDED COMPONENTS

Plenary-Edgemoor Civic Partners Port Authority - City Hall - Residential - Hotel - Library - Market Place - Lincoln Park - Civic Plaza Corridor

765 PROPOSED 2,816 $357M
RESIDENTIAL UNITS TOTAL PROPOSED
TOTAL PROPOSED INVESTMENT
250 PROPOSED TEMPORARY JOBS
HOTEL ROOMS
796
40,000 SF
TOTAL PROPOSED
PROPOSED RETAIL SPACE PERMANENT JOBS

(commercial space available to lease to potential tenants)

227 ELM AVE ADDRESS $18.23M
TOTAL PROPOSED
DEVELOPER 227 Elm Ave. INVESTMENT

City Ventures 115

40 TOTAL PROPOSED
TEMPORARY JOBS
PROPOSED RESIDENTIAL UNITS
4
0 SF
TOTAL PROPOSED
PROPOSED GROUND PERMANENT JOBS
FLOOR RETAIL SPACE

(commercial space available to lease to potential tenants)

THE CURRENT / RECENTLY COMPLETED

DEVELOPER ADDRESS

Anderson Pacific, Ledcor Properties, Qualico 707 E Ocean Blvd.

223

NEW RESIDENTIAL UNITS

6,100 SF

AVAIL ABLE GROUND FLOOR RETAIL SPACE

(commercial space available to lease to potential tenants)

THE EDISON LOFTS / RECENTLY COMPLETED

DEVELOPER ADDRESS

Ratkovich Properties, The KOR Group, and Waterton Residential 100 Long Beach Blvd.

156
NEW RESIDENTIAL UNITS

3,621 SF

AVAIL ABLE GROUND FLOOR RETAIL SPACE

(commercial space available to lease to potential tenants)

THE PIKE OUTLETS / RECENTLY COMPLETED

DEVELOPER ADDRESS

DDR Corp. Shoreline Drive

320,777 SF $65M
TOTAL COMPLETED
TOTAL RETAIL SPACE INVESTMENT

70,332 SF

AVAIL ABLE RETAIL SPACE

(commercial space available to lease to potential tenants)

PINE @ SIXTH / RECENTLY COMPLETED

DEVELOPER ADDRESS

Sares-Regis 595 Pine Ave.

158
NEWLY RENOVATED RESIDENTIAL UNITS

4,735 SF

AVAIL ABLE GROUND FLOOR RETAIL SPACE

(commercial space available to lease to potential tenants)

NEWBERRY BUILDING / RECENTLY COMPLETED

DEVELOPER ADDRESS

H&M 26, LLC 433 Pine Ave.

28

NEW RESIDENTIAL UNITS

6,500 SF

AVAIL ABLE GROUND FLOOR RETAIL SPACE

(commercial space available to lease to potential tenants)

WHAT IS THE LOOP?

The Loop at Pine + Ocean is a 7,700 square foot interactive playground in Downtown Long Beach that blends art
and public space to bring much-needed activation to one of the busiest intersections in Long Beach. Reaching
heights up to 25 feet, the eye-catching 500-foot long truss undulates throughout the site and incorporates LED
lighting and audio, radiating each night with an immersive display of light and sound.

ABOUT THE LONG BEACH DDC

The Loop was developed by the Long Beach Downtown Development Corporation (DDC) in partnership with
the DLBA, the City of Long Beach and Vice Mayor Suja Lowenthal, and designed by the team of STEREO.BOT,
Gensler and Brightview. The DDC is a 501(c)3 non-profit organization dedicated to the stimulation of public
and private investment, community partnerships and resources to support the revitalization of Downtown Long
Beach. The DDC is responsible for the operation, programming, and maintenance of the space.

9th St
Maine Ave
Daisy Ave
Magnolia Ave
Chestnut Ave
Cedar Ave
Pacific Ave
Pine Ave
Locust Ave
Long Beach Blvd
Elm Ave
Linden Ave
Atlantic Ave
Lime Ave
Olive Ave
8th St 23
Golden Ave 7th St 11
6th St 25
5th St 20
22
14

19

16

4th St

27 Alamitos Ave

3rd St 1 The Promenade
5
8 28 30
13
Broadway
29
24 3 17 12
7
1 18

1st St

Golden Shore Ocean Blvd

9 15 4 6 26 21 Ocean Blvd
10 E Seaside Way
W Seaside Way
y
S. Pine Ave2

Aquarium Wa Shoreline Dr

Queensway

DEVELOPMENT MAP

1 CIVIC CENTER 6 OCEAN CENTER 11 SIXTH STREET LOFTS 16 NEWBERRY BUILDING 21 THE BREAKERS
2 THE PIKE OUTLETS BUILDING
3 EDISON LOFTS
4 OCEANAIRE 7 THE CURRENT 12 1ST & ALAMITOS 17 125 LINDEN AVE 22 635 PINE AVE
5 PARC BROADWAY 13 227 ELM AVENUE
8 PACIFIC COURT 14 137 W 6TH STREET 18 SECURITY PACIFIC 23 810 PINE AVE
APARTMENTS NATIONAL BANK

BUILDING

9 442 WEST 19 495 PROMENADE NORTH 24 107 LONG BEACH BLVD
OCEAN BLVD

10 207 SEASIDE WAY 15 200 W OCEAN BLVD 20 437 E 5TH STREET 25 PACIFIC LOFTS

FUTURE DEVELOPMENT PROPERTIES

26 100 E OCEAN 27 3RD & PACIFIC 28 BROADWAY & THE PROMENADE

29 BROADWAY & LONG BEACH BLVD 30 BROADWAY BLOCK SITES A & B

OFFICE MARKET REPORT - Q2 2016

SUMMARY CSULB OFFICE OF ECONOMIC
RESEARCH SURVEY DATA
This report contains the most recent economic
indicators available for Downtown Long Beach (DTLB). The Downtown Long Beach Associates (DLBA)
According to the most recent indicators, Downtown partnered with CSULB’s Office of Economic Research
Long Beach economic conditions continued to (OER) to survey Downtown residents and businesses,
improve, but at a slightly slower rate than previous the following results illustrate the perception businesses
quarters. Office vacancy rates declined and average have of operating in DTLB.
lease rates increased as employment expanded.
63%
TOTAL INVENTORY 4,311,686
TOTAL VACANCY 15.0% Respondents agree the
Q2 NET ABSORPTION 43,430 DLBA is an important
YTD NET ABSORPTION -9,430 advocate for DTLB
DIRECT AVG. ASKING RENT $2.29 business community
12-MONTH RENT DELTA -.08%
TOTAL UNDER CONSTRUCTION 0 71%
TOTAL PRE-LEASED 0
Respondents expect
business to expand in
the upcoming year

Source: US Census ”On the Map”

LONG BEACH AIRPORT DOING BUSINESS...

Long Beach Airport (LGB) has been ranked by the U.S. Department DTLB saw 47 new business licenses registered in the Q2. Overall,
of Transportation as one of the five lowest-cost airports in the nation. approximately 1,500 businesses in DTLB.
LGB serves more than 3 million passengers annually. The Long Beach
Airport has undergone a massive renovations that has made travel OpenCounter
easier for both causal traveling and business traveling. The City of Long Beach launched OpenCounter, a web-based
program that set to help streamline the City’s permitting process.
• Ranked by Conde Nast among the “Top 10 Business Travel
Airports”. www.long-beach.opencounter.com

• Operates 41 commercial and 25 commuter daily flights. Bizport
A state of the art business portal in partnership with Code for America,
• Wi-Fi access - with free Wi-Fi access a major plus (fast, reliable, creating as one-stop shop for entrepreneurs, is available for early
testing.
easy-to access).
http://bizport.longbeach.gov/
• Ample recharging stations and outlets for phones and laptops.

• Airport contains 7 quality restaurants that provide a glimpse of

the local cuisine.