Here is a tip for all you prospective landlords: the shorter the lease, the better. I get how Long Beach was in a different state back in 1983, but oh boy if that 99 year lease was only 20 years with a few 10 year renewal options….. Right now I believe the city gets $92,000 a year. In this day in age that could have been $92,000 monthly. That alone is why change needs to come to that center in some shape or form. The supermarket building will most likely remain the same, but how about the rest?
Re-imaging that land is something which has been talked about for years. The strip stores do not compliment our downtown, so I’m pleased to read in the LB Herald how our city is entertaining change:
“According to [City Manager Jack] Schnirman, feedback the city received from residents during recent public-input meetings to update the city’s Comprehensive Plan indicated that they would like to see the Waldbaum’s shopping center property developed into something else. [LINK]
“..Potential plans presented at the public-input meetings included relocating City Hall to the shopping plaza, and building a mixed-use retail and residential development with a cultural center there.[LINK]
I am guessing if the city went this route, the existing city hall /Kennedy Plaza would be sold off to developers. The Shopping Center could potentially house a larger ‘Kennedy Plaza’ town square, which would be neat. Is this the way to go? Should we just throw a bunch of apartments on top of the strip center and call it a day?
The center’s location adjacent to the LIRR & downtown make it so ripe for redevelopment in a smart way. It’s interesting to see our city think outside the box. Do you like the idea of moving City Hall? I’d love to know what you folks would like to see at the center?