Arup announced that the City of Long Beach and Port of Long Beach have reached financial close for the $520 million Long Beach Civic Center Project.
The project includes a new city hall, port HQ, main library, public park, and street improvements. All the features are designed to be occupied within a week of a major earthquake and meet REDi Gold earthquake performance, an operational resilience rating system developed by Arup.
A public-private partnership (P3) was used to fund the project, which combines public infrastructure and private mixed-use real estate development into one design-build-finance-operate-maintain arrangement.
Arup, the global interdisciplinary consulting and design services firm, served as lead advisor to the city and Port of Long Beach. The firm led financial, commercial, real estate, design, engineering, and cost consulting advisory services.
Long Beach, Calif. Photo: Zen Skillicorn/Creative Commons.
The Arup team included HOK for architecture consulting, BAE for real estate economics, and MBI Media for outreach. Sheppard Mullin provided legal advice to the owners.
Plenary Group is the lead P3 developer, sole equity provider, and financial arranger for the consortium, which includes Clark Construction, Edgemoor, Johnson Controls, and SOM.
Allianz, in a private placement, is providing $237 million in long-term financing. Sumitomo Mitsui Banking Corp. is providing a $213 million loan. Long Beach would contribute $11.8 million in cash and land valued at nearly $30 million. Plenary is contributing $21 million in equity.
Arup managed the entire process from the RFP to the end of negotiations and helped the project become a reality quicker than expected.
"A significant value added for the city is how the P3 model accelerated what would more conventionally have been a three- to five-year project development process using traditional project delivery methods to a two-year process," Orion Fulton, Arup's project team leader, said.
Arup has served as an advisor for numerous projects, including Presidio Parkway in San Francisco, the Los Angeles Convention Center, and the New Champlain Bridge in Quebec.
Construction has begun, and the next phase of the project is being launched.
Related Stories
Giants 400 | Dec 12, 2023
Top 40 Military Facility Architecture Firms for 2023
Michael Baker International, HDR, Whitman, Requardt & Associates, and Stantec top BD+C's ranking of the nation's largest military facility architecture and architecture/engineering (AE) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report.
Giants 400 | Dec 11, 2023
Top 80 Local Government Building Engineering Firms for 2023
AECOM, Arup, KPFF Consulting Engineers, and WSP head BD+C's ranking of the nation's largest local government building engineering and engineering/architecture (EA) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report.
Giants 400 | Dec 11, 2023
Top 80 Local Government Building Construction Firms for 2023
Turner Construction, Clark Group, Holder Construction, and Pepper Construction top BD+C's ranking of the nation's largest local government building general contractors and construction management (CM) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report.
Giants 400 | Dec 11, 2023
Top 150 Local Government Building Architecture Firms for 2023
Gensler, HOK, Stantec, and Skidmore, Owings & Merrill top BD+C's ranking of the nation's largest local government building architecture and architecture/engineering (AE) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report.
Giants 400 | Dec 11, 2023
Top 50 State Government Building Construction Firms for 2023
Hensel Phelps, Turner Construction, Clark Group, and PCL Construction top BD+C's ranking of the nation's largest state government building general contractors and construction management (CM) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report.
Giants 400 | Dec 11, 2023
Top 50 State Government Building Engineering Firms for 2023
AECOM, EXP, Arup, and PRIME AE Group top BD+C's ranking of the nation's largest state government building engineering and engineering/architecture (EA) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report.
Giants 400 | Dec 11, 2023
Top 90 State Government Building Architecture Firms for 2023
Page Southerland Page, Skidmore, Owings & Merrill, Stantec, and NORR top BD+C's ranking of the nation's largest state government building architecture and architecture/engineering (AE) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report.
Giants 400 | Dec 5, 2023
Top 50 Federal Government Building Construction Firms for 2023
Fluor, BL Harbert, Hensel Phelps, and Turner Construction top BD+C's ranking of the nation's largest federal government building general contractors and construction management (CM) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report.
Giants 400 | Dec 5, 2023
Top 60 Federal Government Building Engineering Firms for 2023
Fluor, WSP, Jacobs, and AECOM head BD+C's ranking of the nation's largest federal government building engineering and engineering/architecture (EA) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report.
Giants 400 | Dec 5, 2023
Top 70 Federal Government Building Architecture Firms for 2023
Page Southerland Page, HOK, Gensler, LEO A DALY, and Stantec top BD+C's ranking of the nation's largest federal government building architecture and architecture/engineering (AE) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report.