Long Beach City Backs Renaissance

Brett Betzler is a director at Moran & Co.z

LOS ANGELES—In many ways, the renaissance in Downtown Los Angeles came after tremendous support from local governments and the community. The Staples Center and the adaptive reuse ordinance have both been hailed as catalysts, but the promotion from organizations like the DCBID and the intimate involvement of city council members, like Jose Huizar‘s Bringing Back Broadway movement, certainly helped. Long Beach is starting to get similar support to fuel its renaissance, which is well underway with a multifamily development pipeline of 2,000 units.

“People are starting to recognize that all of the elements are there the area to thrive,” Brett Betzler, director at Moran & Co., tells GlobeSt.com. “The City and local governments are investing a lot in Downtown Long Beach. There is a huge civic center project that just broke ground, where the old, run-down civic center on a 16-acre campus is going to be scraped and the City is going to build an entirely new civic center with a huge public library. There was a courthouse that was crumbling and has been entirely rebuilt, so there is a lot of capital that is coming in to Long Beach.”