Outlet: Benchmark Monitor
By: Ashleigh Ruhl
Media Value: $750
Run Date: February 15, 2017
As Douglas Park continues its transition from producing Boeing C-17s to a fast-paced repurposing of that large acreage, a new development broke ground this week called Long Beach Exchange, or LBX.
The new shopping center at the Douglas Park business complex was approved by the city in October and is being developed by Burnham-Ward Properties, LLC of Newport Beach. Plans call for about 266,000 square feet of stores and restaurants, plus two acres of communal open space, on about 27 acres of land southwest of the Carson Street and Lakewood Boulevard intersection.
It could be open as soon as April 2018, and tenants such as Nordstrom Rack, 365 by Whole Foods, T.J. Maxx and Orchard Supply Hardware have been confirmed so far.
“With Long Beach Exchange, as with all of our endeavors, our mission is to create community through thoughtful and sustainable property development,” Scott Burnham, of Burnham USA/Burnham-Ward Properties, said. “Our collaboration with the city’s Planning Department and the community at large has enlightened our approach for LBX, which will pay homage to the aviation history of the area and shall be an engaging and exceptional place for guests to shop, dine, stroll and relax.”
LBX will be made up of three separate airport-themed zones — McGowen’s Approach, The Landing and The Hangar @ LBX — that will work in unison to create a singular experience, according to Burnham-Ward, which also developed the shopping destination SOCO and The OC Mix in Costa Mesa.
McGowen’s Approach will be a sort of main thoroughfare and pedestrian promenade through retail shops; The Landing will feature more than 2 acres of open space with a central plaza, drought-tolerant landscaping, a reflective water feature, and aeronautical art installations; and The Hangar @ LBX is a planned 16,800-square-foot structure that puts a modern twist on a classic airplane hangar to create an open-air marketplace.
“Long Beach Exchange is exactly the visionary type of project that this area, which is underserved in retail and dining, demands,” said Larry Lukanish, senior vice president, commercial development/investment for Sares-Regis Group, an Irvine-based company that sold the property to Burnham-Ward and is developing the rest of the Douglas Park site.