Recently, the Downtown Long Beach Associates released its annual Economic Profile, which provides a comprehensive overview of the Downtown’s economic landscape. According to the report, the average resident in Downtown today is a young, educated professional with higher than average earning potential–a new trend that has only emerged over the last decade along with the area’s growing population.
The Federal Bar–a Long Beach offshoot of the popular North Hollywood gastropub and music venue–made its official debut last week, bringing an entirely new vibe to the historic Security Pacific Bank building on Pine Ave. Downtown.
New development plans for the Pike at Rainbow Harbor were revealed last week and it appears that the latest plan is to turn the maligned waterfront complex into a destination outlet mall.