Tentative agreement signed for former “Fun Factory” space at Redondo Beach Pier
By Garth Meyer
by Garth Meyer
A replacement to “Fun Factory” may be on its way after seven years of vacancy at the Redondo Beach Pier.
The city council approved an agreement June 21 with Multiverse Platforms, owner of “Level Up Bowl & Bistro” in Rolling Hills Estates, to open a similar bowling alley/arcade in the spot on the Pier next to the skate park, which was built during the time it’s been empty.
The agreement gives Multiverse an exclusive 60-day negotiation period to study the space for a potential lease.
“It would bring that entertainment/recreation back to this part of the Pier, which will bring a lot more foot traffic…” said City Councilman Chadwick Castle.
The agreement has an optional 30-day extension.
Fun Factory, a Pier institution from 1974-2019 on the International Boardwalk in the lower level of a parking garage, closed in 2019.
After seismic upgrade work to the parking structure, the city began to offer the 29,550-square foot unit for lease in January. Of the responses, two were deemed qualified.
During Multiverse’s exclusive deal, the city will freeze its offering of the space, while Multiverse is expected to work on conceptual design, market analysis, evaluation of tenant improvements, and to prepare associated cost elements.
Fun Factory closed when the city bought out the lease of owner Steve Shoemaker for $9 million, in part because of anticipation of the CenterCal waterfront redevelopment plan, which ultimately did not go forward. ER
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