More exciting developments are in the works for Downtown Long Beach. According to a recent article in the Los Angeles Business Journal, a joint venture between Santa Monica’s Ocean West Capital Partners and Chicago’s Singerman Real Estate has purchased a 210,281-square-foot office and retail center in the heart of Downtown at the intersection of Broadway and Pine Ave. The buyers plan to convert the property into “The preeminent creative office campus within Long Beach”.
This is only one large example in a wave of recent loft conversions, studio openings, and apartment redevelopment projects to hit the area in and around Downtown Long Beach. The city has increasingly become a hub for creative professionals in recent years, ushering in a variety of new businesses and cultural contributions from this burgeoning demographic.
– Anthony Walker