All 12 “for sale” properties in Long Beach’s 8th Council District that were owned by the City’s former redevelopment agency have received offers from prospective buyers that will be considered by the Long Beach Successor Agency to the Redevelopment Agency at its July 21 meeting, according to 8th District Councilmember Al Austin, who made the announcement in an email on Wednesday.
“This is great news for the community, and we will finally see some new, motivated property owners work to improve these properties, many of which have been vacant for several years since the state abolished redevelopment,” Austin said.
Among the pending transactions, Lab Holding, LLC has made offers for all nine properties that are for sale in the 5500 block and the 5600-5700 block of Atlantic Avenue, known as the North Village.
The Signal Tribune will include a more detailed story on former RDA properties in Long Beach and Signal Hill in the July 24 issue.
