TITLE
Recommendation to authorize City Manager to execute all documents necessary for a Ground Lease between the City of Long Beach and 100 LBB Real Estate, LLC, a California limited liability company (100 LBB), for approximately 475 square feet of public right-of-way (Leased Premises), on the north side of East 1st Street between Long Beach Boulevard and Elm Avenue. (District 2)
DISCUSSION
On April 23, 2013, the City Council authorized the sale of City-owned property at 100 Long Beach Boulevard, more commonly known as City Hall East, to 100 LBB for the adaptive reuse and development of a mixed-use residential and retail facility, now known as the Edison. The Edison will serve as a new western gateway to the East Village Arts District and will feature 156 urban loft apartments, rooftop amenities, a ground floor restaurant and smaller retail/commercial spaces. The first residents are scheduled to move in on December 1, 2015.
The Edison is situated at the northeast corner of Long Beach Boulevard and East 1st Street. The East 1st Street corridor, between Long Beach Boulevard and Elm Avenue, serves as a passage way for the migration of pedestrians between the East Village and the Downtown. This corridor is inactive and unattractive as the south side of the street serves as the rear facilities and parking garage entrance to the Shoreline Square office tower and the Westin Long Beach hotel. The north side of the street consists of the Edison and a Southern California Edison (SCE) office/parking facility at the southwest corner of East 1st Street and Elm Avenue (see Attachment). The SCE facility currently has vacant retail commercial space on the ground level.
Spurred by the City’s success of activating pedestrian corridors with the use of sidewalk dining and parklets, Vice Mayor Lowenthal suggested that City staff engage 100 LBB in discussions to create sidewalk dining along East 1st Street. By converting an area of the Edison parking structure adjacent to ...
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