Learn about Urban Commons’ revamp of the Queen Mary ship in Long Beach, California.
Urban Commons, a Los Angeles-based real estate investment and development company recently announced that they would be starting their next stage of renovation for the ship-turned-hotel. Since its final voyage in 1967, the Queen Mary has been docked in Long Beach where the city has converted it into a hotel with restaurants, a museum, and other attractions.
In 2016, Urban Commons took over the ship’s lease and has gradually been renovating the 83-year-old vessel. According to Urban Commons Chief Development Officer, Dan Zaharoni, “Restoring or even maintaining a historic vessel like the Queen Mary is not something that is accomplished overnight. We knew this would be a long road and that the end product would be something of great importance to the Long Beach community which is why we were eager to roll up our sleeves and get to work from day one.”
So far, the company has made structural improvements to the ship’s famed boiler room, which has allowed the popular Ghosts & Legends attraction to reopen. Urban Commons has also completed work on the boat’s roof and deck and made improvements to the fire sprinkler system and exterior hull. The company has also added a new 4D theatre, an Ellis Island Experience, as well as new exhibits on the Titanic and Winston Churchill.
With this initial work completed, Urban Commons now looks to push forward with the rest of their renovation plan. These plans include renovating the 45-acre oceanfront property surrounding the ship and adding new retail, dining, and entertainment experiences. The plans are currently estimated at $250 million.
This is what you should know about Urban Commons’ renovation of the historic Queen Mary ship and hotel. Want to keep up with the latest SoCal commercial real estate news, or need help securing commercial space of your own? If so, contact the experts at California Commercial Realty Advisors, Inc. Our dedicated team is ready to assist you with all your commercial and industrial real estate needs today.