There is a lot to consider when comparing commercial real estate in Long Beach. Not every region of Long Beach is as well-known and respected as certain neighborhoods, such as Naples, Belmont Shore, The Peninsula, and Bixby Knolls. Some lesser-known pockets of Long Beach have been historically deemed “inferior” or “seedy.” Among the parts of the city with a less-than-perfect reputation, North Long Beach is one of the areas that the general public would likely agree fits this description. However, where some see negatives, others see positives, and where some see adversity, others see opportunity.
The landscape of North Long Beach is undergoing a transformative journey, and the City of Long Beach and private developers are at the forefront of this evolution. Welcome to the new and rebranded “Uptown Long Beach” – the future thriving hub for businesses and commercial real estate opportunities that’s set to redefine the Long Beach landscape.
Rebranding and Re-imagination
The dynamic and ever-evolving landscape of North Long Beach is currently immersed in a transformative journey, a journey that is being passionately steered by both the strategic vision of the City of Long Beach and the innovative endeavors of private developers. Together, they stand at the forefront of an evolution that promises to reshape this coastal community. Embrace the dawn of a new era as the reimagined and rebranded “Uptown Long Beach” takes shape. This emerging district is not merely a change in nomenclature; it symbolizes a profound shift in the paradigm of possibilities for businesses and commercial real estate investors alike. Uptown Long Beach is destined to become the epicenter of a fresh economic landscape and will serve as a catalyst for growth that will redefine an entire region. This metamorphosis is not just about physical changes; it’s about fostering an environment that welcomes business, innovation, entrepreneurship, and sustainable progress.
The public-private partnership lays the groundwork for a beneficial blend of urban planning, architectural ingenuity, and a strong economic future. Together, these public and private entities are crafting a future where businesses will flourish, and the commercial real estate landscape will be a testament to Long Beach’s resilience and adaptability.
Significant Growth and Development
This renaissance is reminiscent of the revitalization witnessed in other iconic Los Angeles County neighborhoods like Boyle Heights, Silver Lake, Echo Park, and Chinatown. With North Long Beach following suit, one can naturally ask: “who is leading the leading the charge?”
In the dynamic world of real estate development, Orange County-based LAB Holdings stands out as an industry trailblazer renowned for its innovative and creative approach to projects. With a versatile portfolio encompassing commercial, residential, and mixed-use properties, LAB Holdings has left an undeniable mark on the Southern California real estate landscape. Notable among their ventures are the Anaheim Packing District, The CAMP, and The Lab Anti-Mall in Costa Mesa—pioneering retail spaces that defy convention and showcase the company’s commitment to groundbreaking concepts. To have such a prominent developer that has seldomly ventured out of Orange County choose a site such as North Long Beach is exciting to say the least.
The next key player is Frontier Real Estate Investments, a privately held real estate development firm based in San Juan Capistrano and sets itself apart with its entrepreneurial spirit and innovative ethos. Devoted to enhancing both the character of spaces and the quality of the communities they serve, Frontier goes beyond the current landscape to envision and shape the future of retail, hotel, and mixed-use developments. Frontier’s primary project, Uptown Commons, is located on Atlantic Avenue and has been in operation since mid-2020, proving that the residents and businesses in the area are ready to embrace the newest age of commercial real estate in Long Beach.
Now, for the “hometown team”…Westland Real Estate is a Long Beach-based real estate development company that was founded in 1978 and has been intertwined with the community ever since. Among Westland’s various contributions to the area, their flagship development, to be referred to as “The Uptown,” is a retail-oriented project that will come to life on a 60,000 square foot lot. The structures itself will span approximately 35,000 square feet of rentable space, comprised of highly-visible retail spaces, community-focused outdoor spaces, and dining establishments. Construction is projected to be complete in 2024.
Lastly, the City of Long Beach has also played a tremendously pivotal role in spearheading improvements in North Long Beach, fostering a positive trajectory for the community’s development, while acting as a growth-minded liaison between the City’s residents and the private developers. A key figure in Uptown Long Beach’s rapid improvement is Mayor Rex Richardson, who grew up in the area and still owns a home there to this day. His leadership has been instrumental in fostering a climate of continuous enhancement, attracting businesses, and ensuring sustainable growth.
Seizing the Opportunity
Uptown Long Beach is more than just a hidden gem; it’s a golden opportunity for businesses and real estate investors. Long Beach as a whole stands out as the last affordable coastal city in Southern California, making it an appealing destination for both residential and commercial tenants. The uniqueness of the area is drawing attention from diverse sectors, while attractive pricing, a promising rate of return, and ongoing growth make it a strategic choice for those looking to capitalize on the influx of improvements.
As property values and leasing rates are expected to climb with the unfolding developments, businesses and investors are encouraged to act swiftly. The time to invest in Uptown Long Beach is now, ensuring you ride the wave of progress and secure your stake in this flourishing coastal haven.
For those ready to explore exciting business and commercial real estate opportunities in Uptown Long Beach, seize the moment and connect with Sage Real Estate at (562) 400-7622. Your gateway to success awaits in the heart of Uptown Long Beach!
Image Source: Visit Long Beach