333 W Ocean Blvd, Long Beach, CA, 90802-4681, US

321 W Ocean Blvd

Attributes

Land area gross

1.86 ha

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as the exclusive advisor, is pleased to present the opportunity to acquire 321 West Ocean (“Property” or “Site”), a 4.6-acre redevelopment opportunity in the heart of Downtown Long Beach.

The Site sits at the center of the Long Beach Civic Center Master Plan, which includes the brand new Main Library, revitalized Lincoln Park, City Hall, and Port of Long Beach Administration Building. 321 West Ocean is positioned to be a prime development opportunity that can capitalize on the newly revitalized Ocean Blvd.

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Investment Highlights

Residential Opportunity:

321 West Ocean presents a perfect opportunity for a residential development with an abundance of walkable amenities and scenic views. The City of Long Beach has proven to be pro-development and has expressed support for projects of varying density, including the potential for a wrap design.

Prime Location:

The Site is within walking distance of the waterfront, vibrant nightlife, and the historic Pine Avenue entertainment district. Nearby attractions include the Long Beach Convention Center and Aquarium of the Pacific, drawing over 1.3 and 1.7 million visitors annually, respectively.

New Master-Planned Neighborhood:

321 West Ocean is central to the Long Beach Civic Center Redevelopment Project. This project has revitalized the downtown area with a new City Hall, Library, Port of Long Beach offices, and public park, becoming a showcase for Downtown Long Beach.

Urban Renaissance:

Long Beach has transformed into a 24-hour livework-play environment, offering diverse residential and cultural attractions. Nearby neighborhoods like Naples, known for its waterways and Italian character, and Belmont Shore, popular for shopping, contribute to the city’s appeal.