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Meridian Plans MOB in Long Beach
Meridian acquired three existing buildings on five parcels totaling 29,000 square feet of land located in Downtown Long Beach at 1078-1090 Atlantic Blvd. for $2.45 million. The San Ramon, CA-based company plans to invest $3.1-million into the development of a medical office building.
The new facility will be single-story 9,200-square-foot ambulatory, out-patient clinic, as well as housing a dialysis clinic. The value of the project upon completion is estimated to be $8.4 million. The site is located across the street from Dignity Health’s St. Mary’s Medical Center, a 389-bed, Level II Trauma Center.
The project will include repurposing an existing two-story 8,280-square-foot building to a new 9,200-square-foot Type V-A single-story building that meets OSHPD 3 requirements. Demolition will begin this month, and construction is slated to be completed by the end of the year.
For comments, questions or concerns, please contact Dennis Kaiser
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