Avison Young Markets Long Beach Development Site
Avison Young has listed Golden Shore, a prime 4.73-acre waterfront mixed-use development site in downtown Long Beach. The site is comprised of three parcels that are part of the Golden Shore master plan, with full entitlements for multifamily, hospitality, and retail uses including Coastal Commission approval.
Managing Director Damian McKinney and head of U.S. multifamily Peter Sherman are exclusively representing the seller of Golden Shore, Long Beach-based law firm Keesal Young & Logan. Avison Young Principal – Capital Markets Jay Maddox is heading up the debt and equity for prospective buyers. The seller acquired the parcels and obtained the existing entitlements over the past several decades. All development rights are protected through 2035.
The project has the full support of the City of Long Beach, which is prepared to “fast track” the architectural design and building permit process. “Golden Shore is situated on one of the most desirable waterfront locations in Southern California and offers panoramic views of the Pacific Ocean, Long Beach Harbor, and the downtown Long Beach skyline,” said McKinney.