Discovery Cube Announces Sale Of Balboa Fun Zone To Chartwell Real Estate Development
SANTA ANA, Calif., June 1, 2021 /PRNewswire/ — Discovery Cube, Southern California’s leading children’s science museum, today announced the sale of Discovery Cube’s Ocean Quest property, the iconic Balboa Fun Zone, to Chartwell Real Estate Development (“Chartwell”). The new owners are longtime residents of Newport Beach and plan to restore the historic landmark and continue to operate the property as the Balboa Fun Zone.
The Museum announced its decision to sell the Balboa Fun Zone in December of 2020 as a result of Covid-19 related financial constraints and sought a new owner who appreciates the history and significance of the beloved property for not only local residents but all who visit the Fun Zone every year. Chartwell’s Operating Partner Henry Pyle led the acquisition on behalf of the Pyle family who have been Newport Beach residents since the 1960’s.
“Selling the Fun Zone…