SILVER LAKE — Stores are coming and going on a two-block stretch of Sunset Boulevard near Maltman Avenue, with long-time tenants having moved or preparing to move while there is talk of a French retailer eyeing one of the spaces.
Living Room owner Steve Melendrez said he’s looking for a new home for his furniture store in the face of a rent increase. Melendrez said the landlord lowered his rent a few years ago when the recession hit but is now seeking a higher rate and new tenants for the 4,400-building. The LoopNet listing says the leasing rate is “negotiable” but Melendrez understands that the landlord will be asking between $4 and $5 a square foot. Those rates are “too high for most independent businesses in my my opinion,” Melendrez said. “Look for another coffee company, restaurant, or high end clothing boutique. ”
“Our landlord has been very good to us,” added Melendrez, who is looking to move his store to Venice. “I don’t blame him for trying to cash in.”
Meanwhile, immediately east of the Living Room, an entire building that once housed several shops, including Dustmuffin boutique, which moved to a new home, is vacant and up for lease, according to LoopNet. The owners want $4.50 a square foot for space in the 5,600 square-foot building, but, according to nearby business owners, this is the place where A.P.C., a French apparel and accessories chain, is looking to set up a shop. A.P.C. has reportedly been looking to open a store in Silver Lake and Downtown but it could not be confirmed whether the firm has agreed to lease or is looking at this Sunset Boulevard building.
Meanwhile, a block away on Polka Dot Plaza, the former Fandango Salon, which moved west on Sunset Boulevard, is now seeking retail tenants who can pay more than $4,600 a month to occupy the turquoise-colored building, according to LoopNet.