It’s Official!

Chartwell Real Estate Development has acquired the iconic Balboa Fun Zone. The block-long, waterfront property includes the existing buildings, adjacent marina, parking garage, and a boardwalk which is home to the iconic Balboa Ferris wheel, rides, and attractions.  

"We are excited and honored to assume stewardship of the iconic Balboa Fun Zone and look forward to working with the City and community of Newport Beach to restore this historic 80-year-old landmark," said Henry Pyle, Chartwell’s Operating Partner who led the acquisition on behalf of the Pyle family who has been Newport Beach residents since the 1960s. 

“I am thrilled to have a local family lead the revitalization of the Fun Zone for our local residents, business owners, and visitors and look forward to working with Henry and Chartwell as they develop their plans,” said Newport Beach City Councilwoman Diane Dixon.

The Chartwell team has begun the early planning stages for the renovation and wants to hear from the community. Please share your favorite memories and stories here about what makes the Fun Zone so special. Thank you!