There are big things coming in East Long Beach at Dougas Park, the former site of an airplane manufacturing plant that is now considered the prime real estate space in the city. The Long Beach Press Telegram reports a new deal has been reached that will bring an array of new businesses to Douglas Park in Long Beach, including a hotel, restaurants and other retail.
The Village at Douglas Park, as the development is to be known, will span 26 acres. No specifics were given on what exact businesses will be at the site, but it is known there will be at least one hotel, located at Carson Avenue an Lakewood Boulevard.
A deal was reached for the project between Irvine-based Sares Regis Group, which manages the Douglas Park business district, and Newport Beach’s Burnham USA Equities Inc., which bought 194 acres of land at Douglas Park a few years ago.
An official for Sares Regis Group indicated Douglas Park, which is near the neighborhood of Rossmoor and was once home to Douglas Aircraft, is poised to enter a new era.
“Douglas Park is the South Bay’s last tract of prime commercial land, and it’s attracting a lot of companies and investors who are planning for growth,” said Larry Lukanish, senior vice president of Commercial Development for Sares Regis Group.
Officials declined to offer any timeline on when construction would begin on The Village at Douglas Park or when it would be completed.
Douglas Park has evolved from its role with Douglas Aircraft into a multi-use space. It has already attracted such companies as Virgin Galactic, Mercedes-Benz and Universal Technical Institute.
Given all the reconfiguring of the area, it seems the right time to add a development like The Village at Douglas Park with its mixture of restaurants and other retail. It would also be a welcome addition to residents of Rossmoor and surrounding areas.