Earlier this week, the Real Deal LA reported that the City of Long Beach, along with the Port of Long Beach, has closed financing on a $520-million deal for an ambitious revamp of the city’s dated Civic Center. The proposed mixed-use center is being developed as a public-private partnership with the Plenary Group and Edgemoor Infrastructure & Real Estate, which are operating under a joint venture known as Plenary-Edgemore Civic Partners (PECP).
The new Civic Center, which was master planned by the global architecture firm Skidmore, Owings & Merrill, will create a series of high-rise and low-rise structures along a restored Downtown street grid. When completed, the project will include a new City Hall and headquarters building for the Port of Long Beach, a redesigned Lincoln Park, an expanded library, pedestrian-oriented commercial space, a boutique hotel and upwards of 1,000 residents.