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Focus on Long Beach December 17, 2019 Long Beach Area’s Newsmagazine lbbusinessjournal.com DOWNTOWN FOCUS ON LONG BEACH Photograph by Brandon Richardson LEADING TO BE THE BEST DOWNTOWN Educate Business Engage Community Empower People DOWTOWNLONGBEACH.ORG Inspire Partnership Photograph by Allan Crawford LEADING TO BE THE BEST DOWNTOWN Educate Business Engage Community Empower People DOWTOWNLONGBEACH.ORG Inspire Partnership Photograph by Allan Crawford FOCUS ON DOWNTOWN LONG BEACH 4 • Long Beach Business Journal • December 17, 2019 In This Issue 6 Downtown Long Beach Is Booming 10 Downtown Long Beach Alliance Adapts To Changing Times 14 Looking Back At The Downtown Plan’s Impact 17 The Future Of Downtown’s Shoreline 18 A New Civic Core 19 Update On Developments 23 Public-Private Partnership To Bring New Innovation Hub To Life 24 Map Of Downtown Neighborhoods 25 Downtown Craft Booze Boom Continues With Expanded Offerings 27 Women Business Owners Make Their Mark On The East Village 29 Sustainable Practices Become Part Of Downtown Playbook 31 Car Alternatives Grow And Improve 32 Iconic Bridge To Debut In 2020 32 Carnival Panorama Arrives In Long Beach 33 Electing A New 2nd District Representative 34 Resources For Downtown Business Owners & Entrepreneurs Faces Of Downtown 12 Fern Nueno 16 Anthony Davies And Mike Wellman 22 Pastor Wayne Chaney, Jr. 24 Jewels 30 Jon Peterson Vol. XXXVIII No. 24 • December 17, 2019 PUBLISHER The Long Beach Business Journal is a LONG BEACH BUSINESS JOURNAL April Economides publication of South Coast Publishing, Inc., 2599 E. 28th Street, Suite 212 incorporated by the State of California in Signal Hill, CA 90755 EDITOR July 1985. It premiered March 1987 as the Phone: (562) 988-1222 Samantha Mehlinger Long Beach Airport Business Journal. The Fax: (562) 988-1239 Business Journal is published every other [email protected] SENIOR WRITER & PHOTOGRAPHER Tuesday, except between December 25 and Brandon Richardson mid-January. Distribution is approximately SUBSCRIPTIONS: 22,000. Reproduction in whole or in part 1 year: 25 issues SENIOR WRITER without written permission is strictly Standard Bulk: $30 Alena Maschke prohibited unless otherwise stated. Opinions expressed by perspective writers Follow us CONTRIBUTING WRITER and guest columnists are not necessarily the @LongBeachBusinessJournal Michael Gougis views of the Long Beach Business Journal. COPYEDITOR ADVERTISING/EDITORIAL DEADLINES Follow us @LBBizJourn Virginia Gonzales Ads: Tuesday prior to publication. Press releases: two weeks prior to GRAPHIC DESIGNER publication. E-mail press releases to editor@ Follow us @LBBusinessJournal KDA Consulting lbbj.com. The editorial calendar is available at lbbusinessjournal.com. PUBLISHER EMERITUS lbbusinessjournal.com George Economides FOCUS ON DOWNTOWN LONG BEACH 6 • Long Beach Business Journal • December 17, 2019 Downtown Long Beach Is Booming Photograph by Brandon Richardson MAYOR ROBERT GARCIA once marked by empty storefronts are now wing, significant new housing, the start of we continue to face a major challenge with thriving as new shops, businesses and restau- the Breakers hotel redevelopment, and the homelessness. To address these issues, we As 2019 draws to a close, the Long rants open to serve the residents moving into Long Beach Museum of Art’s downtown need to see continued economic growth, Beach economic boom continues. The eco- the thousands of new residential units. New annex. New development projects on the which creates the jobs our residents need, nomic expansion we’re experiencing – with festivals offering art, music, food and other way include what will be the tallest building and provides the city with the resources to record low unemployment, an ever-expand- cultural experiences are bringing customers in Long Beach, the West Gateway project, tackle complex problems. ing tourism industry, and new residential and to downtown businesses from all over the a teaching hub for Cal State Long Beach at I’m extremely optimistic about our commercial development springing up – is city and throughout the region. “The Streets” at 4th and Promenade, and downtown. The diversity, creativity, and impacting the entire city. But nowhere is it One reason for this success is that Down- hundreds more new residential units, includ- sense of community here will continue to more apparent than in our downtown. town Long Beach is safer than it’s ever been, ing at Long Beach and 3rd on the old Acres make Long Beach a great place to work, With hundreds of millions of dollars in and in fact is one of the safest major down- of Books site. raise a family, and invest. If you haven’t been new investment over the past several years, towns in the country. A high level of public These trends are so encouraging that downtown in a while, please consider this my and its status as the only major city with a safety supports continued economic activity we’ve doubled our goal for new housing personal invitation. Come out and see all the coastal downtown between San Diego and – and that economic activity helps keep our units downtown over the next five years from positive changes, support our local business- San Francisco, Downtown Long Beach has neighborhoods safe. 4,000, when I first entered office, to 8,000. es, and enjoy our unique waterfront. Down- become one of the premier urban centers in In the past year, we saw the expansion This isn’t to say there aren’t challeng- town Long Beach is booming and the future America. Parts of our downtown that were of the Aquarium with the Pacific Visions es. We need more workforce housing, and is bright. From the heart of downtown, our focus is on you! Ring in the New Year with ICB as your financial partner. ICB JANET NELSON, VICE PRESIDENT / DEPOSIT RELATIONSHIP SPECIALIST | [email protected] | 562.436.9800 Home for the Holidays The Port of Long Beach is glad to be home – celebrating our first holiday season in our new downtown Civic Center headquarters. The Board of Harbor Commissioners and all the Port staff wish you a happy and healthy holiday season! www.POLB.com Cool Visual Surroundings for those Pose-Worthy Selfies Trend No. 3 | Multimodal Design* Reimagine 46,000 sq. ft. of fully scalable space and create anything you want – from general session to super on-trend party events, to a black tie gala dinner. With over $600,000 in savings with our Level 10 cool furniture and décor, you’re certain to blow up social media channels and attract excited new converts year after year. Designed for Human Collision. Be Unconventional. #MeetInLB – Now * PCMA and Marriott International’s year-long research project: The Future Trends of Meetings & Events 800.452.7829 | MeetInLongBeach.com @VisitLB | #MeetInLB Client: Long Beach Convention & Visitors Bureau | Agency: Nostrum | Job #: 19-CVB-003 Trend 3 | Description: 2 page spread | Bleed: 10.75” x 21.75” | Trim: 21.5” x 10.5” | Pub: LBBJ Cool Visual Surroundings for those Pose-Worthy Selfies Trend No. 3 | Multimodal Design* Reimagine 46,000 sq. ft. of fully scalable space and create anything you want – from general session to super on-trend party events, to a black tie gala dinner. With over $600,000 in savings with our Level 10 cool furniture and décor, you’re certain to blow up social media channels and attract excited new converts year after year. Designed for Human Collision. Be Unconventional. #MeetInLB – Now * PCMA and Marriott International’s year-long research project: The Future Trends of Meetings & Events 800.452.7829 | MeetInLongBeach.com @VisitLB | #MeetInLB Client: Long Beach Convention & Visitors Bureau | Agency: Nostrum | Job #: 19-CVB-003 Trend 3 | Description: 2 page spread | Bleed: 10.75” x 21.75” | Trim: 21.5” x 10.5” | Pub: LBBJ FOCUS ON DOWNTOWN LONG BEACH 10 • Long Beach Business Journal • December 17, 2019 Downtown Long Beach Alliance Adapts To Changing Times Kinnery’s Brokerage House fordable housing is homelessness, and that that is a quality open space with ame- Triple Net Investment Real Estate it is one the DLBA continues to address, nities for all people and families that help according to Kojian. The DLBA staffs two support that area,” Kojian said of the future homeless outreach specialists trained to park. “Gathering places are really import- Single Tenant Net Leased—Comerica Bank communicate with individuals experienc- ant for downtowns, and that is our major 2019 Investment Sales Exceed $40 Million! ing mental health issues, he noted. Addi- gathering space as far as open space is con- tionally, he said, “We’re lucky enough to cerned. We really have to make it right.” 2019 was a very busy year in have a [city] health department that can To help new and existing businesses face and address these challenges from a strategize, the DLBA continues to grow its Triple Net Investment Sales at Kinnery’s Brokerage very myopic perspective, rather than say a economic development programs, and in regional perspective that the county has to recent years has placed particular empha- Considering California’s new Rent Control law of multifamily property, many in- address.” sis on workshops for business owners and Another challenge facing downtown, entrepreneurs. These are spaced through- vestors are looking for an exit strategy. Triple Net Investment property is an and much of the country, is the future of out the year so that those interested can intelligent asset choice for the strategic investor. Triple Net properties differ retail. Kojian noted that online shopping continue to build upon their expertise, Ko- has had a dramatic effect on shopping jian noted. from multi-family since an investor’s income is guaranteed by multi year leases habits, creating challenges for brick and The DLBA’s economic development mortar stores to stay in business. Lucki- programming includes: 1 Million Cups and backed by corporate credit. At Kinnery’s, we work well with your existing ly for downtown, the influx of residential Long Beach (an entrepreneurial program wealth management team to achieve your financial goals and objectives.
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