Long Beach, Calif. — Los Angeles-based Urban Commons has assumed a 66-year master lease of the historic Queen Mary docked in the Long Beach Harbor.
The developer plans to transform the retired cruise ship and surrounding area into a retail, dining and entertainment district. The multi-phased project, slated to take place over the course of several years, will begin with upgrades to the ship that will be debuted in mid-2017.
The second phase of development will include constructing a mix of retail, dining and entertainment options on the 45 acres of currently underutilized oceanfront land adjacent to the ship. Urban Commons will work with the City of Long Beach, the Queen Mary Land Development Task Force and the community on the review and approval process for the 45-acre project. Garrison Investment Group LLC previously held the master lease.