AEI Consultants completed comprehensive assessments on two historic downtown properties, The Breakers and Ocean Center
Long Beach, Calif. (May 14, 2019) – Pacific6, a development firm based in Long Beach, California, is transforming The Breakers, a 100-year-old landmark hotel in the heart of Downtown Long Beach and the city’s oldest building, into an independent boutique hotel featuring best-in-class amenities, entertainment, and dining, according to Holly Neber, CEO at AEI Consultants. AEI, a leading commercial real estate assessment and consulting firm, is assisting Pacific6 in its redevelopment efforts.
According to John Molina, Founding Partner of Pacific6, “The renovation of The Breakers is a complex and demanding project, requiring thoughtful consideration for its historical preservation and the ability to enable it to function successfully as a modern-day hotel. Figuring out how to take a building constructed in 1926 and make it suitable for people to occupy in 2021 requires identifying which components of the hotel can be removed and which must be preserved because they’re historic.”
Plans for the redevelopment include the renovation of the renowned Sky Room fine-dining restaurant, an open-air roof terrace, full-service luxury spa, intimate jazz club, and more.
“We hope that every resident of Long Beach will be proud of this project,” says Molina. “It has been truly a passion play for Pacific6 and is a love letter to Long Beach. At its core, you can’t redo Downtown Long Beach—and Long Beach can’t become a more substantial city—without restoring those two buildings.”
Detailed architectural, design, and construction planning is underway, and Pacific6 is working with the City of Long Beach, the Convention and Visitors Bureau, labor partners, and the Long Beach community on the restoration.
AEI Consultants completed comprehensive assessments on behalf of Pacific6 to help guide the redevelopment of The Breakers Hotel. Pacific6 recently acquired planning commission approval to begin construction and the project is scheduled for completion in early 2021.
“The work our firm has performed on The Breakers—including environmental assessments, property condition assessments, and other reports—allows Pacific6 to move forward with an extraordinary project,” says Neber. “The renovation of this historic property will restore it to its former purpose and glory while providing hundreds of jobs for local residents and a gateway for visitors to experience the city of Long Beach and witness its ongoing renaissance. Redeveloping these buildings goes a long way toward the revitalization of all of Downtown Long Beach.”
AEI also completed assessments necessary for pre-purchase planning approvals for Pacific6 on Ocean Center, a project adjacent to The Breakers, for the historic conversion of an old office building into an apartment community.
“AEI was able to perform due diligence expertly, thoroughly, and quickly for The Breakers and Ocean Center—both built in the 1920s and designed by the same architect,” notes Molina. “Due to the complexities of these projects, we required a very quick turnaround on the transactions and AEI came through time and time again. Their work was absolutely critical in taking these projects to where they are now.”
Molina explains that both buildings at The Breakers, as well as Ocean Center, have not been operational for several years. The project requires careful handling to assure proper management to preserve the historic components of the buildings.
The Breakers Hotel is located at 210 East Ocean Boulevard in Long Beach. The Ocean Center Building is located at 110 West Ocean Boulevard in Long Beach. For more information on The Breakers renovation project, visit http://thenewbreakers.com/.
About AEI Consultants
AEI Consultants is an employee-owned international consulting firm that provides comprehensive services to commercial lenders, property owners, managers, tenants, and developers, industries, institutions, government agencies, and insurers, including many Fortune 500 companies. These services include environmental, property and facility assessments; zoning and energy consulting; site investigation and remediation; industrial hygiene; and construction risk management. Founded in 1992, AEI is based in the San Francisco Bay Area with offices across the United States and Europe. More information is available at aeiconsultants.com.
Pacific6 is a Long Beach, California–based development partnership of six founders with diverse entrepreneurial backgrounds—including healthcare, financial services, risk management, human resources, legal affairs, and media/marketing development. The firm’s experience spans from Fortune 200 to small, independent companies. More information is available at pacificsix.com/.