Long Beach Moves Out of L.A.’s ShadowRelease Date: 2019-05-29
By: Kelsi Maree Borland
Long Beach is slowly but surely moving out of Los Angeles’ shadow. The ongoing renaissance may be overdue, but it is picking up steam. This year, 1,500 apartment units are scheduled for delivery in Downtown Long Beach along with 38,000 square feet of commercial space, and the construction pipeline is continuing to grow. The city is supporting the growth as well with infrastructure updates and renovation plans for government buildings. All in all, it means big changes for the market.
Long Beach, which has long been in the shadow of L.A., is experiencing a much-overdue renaissance,” Holly Neber, CEO of AEI Consultants, tells GlobeSt.com. “The Long Beach Aquarium is completing a $53 million expansion wing, and the City is finishing a new Civic Center that includes a new City Hall and Main Library in 2019. Additional proposed development in the downtown area reportedly includes approximately 1,100 residential units and more than 38,000 square feet of commercial space.”
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