The city has roughly $386 million worth of projects either recently completed or in the pipeline, and has plans to invest in residents and the local economy with a windfall of new money in the wake of the COVID-19 pandemic, the mayor said Wednesday in an annual speech about development in the city.
“Big-box retail stores are not the highest and best use for this site,” said John Drachman, co-founder of Waterford Property Company, one of the firms involved in the purchase. “It’s better suited for more density.”
The massive Broadway Block residential development has been stalled for at least a couple months, according to a spokesperson from developer Onni Group.
The COVID-19 pandemic has had a significant impact on development projects throughout Long Beach—stalling out some in the planning phase, delaying ongoing construction and, in some cases, forcing developers to bow out. But despite the challenges, there are more than 60 projects at various phases citywide.
Pacific6 is hoping to add six more units to make for a total of 80 units in the Ocean Center development in Downtown Long Beach.
The massive 93-acre site, which includes a 1.1 million-square-foot assembly building, was once the production home for Boeing’s C-17 Globemaster III cargo plane before the facility shuttered in 2015.
UPS is eyeing the former Boeing C-17 property for a regional hub that would service the Long Beach area while also utilizing the nearby airport.
It is surprisingly feasible to imagine the Angels playing in Downtown Long Beach on the waterfront with the most picturesque background in baseball.
More housing, more investment in the city and more density in Downtown Long Beach is a good thing.
The next two public events focusing on the development and land use of North Long Beach, starting with its arterial roads Artesia Boulevard and Atlantic Avenue, are scheduled to take place within the next week.
