ECHO PARK — How much can you rent a storefront for on Echo Park Avenue? At least one landlord is seeking $4 a square-foot – or $5,960 a month – for the former home of El Batey No. 2, the neighborhood market that closed after 48 years in business in the face of a steep rent increase.
Located in a four-story brick building that is now called The Grafton Lofts, the 1,490-square-foot storefront and the four-story building is located “just minutes from grocery stores, luxury boutiques and premier restaurants,” according to a listing on LoopNet. Echo Park, meanwhile, is described as “an area where sophistication and creative inhabitants collide.”
In a press release issued after the store closed, an official for the landlord, MW Holdings said, that “we regret the loss of this historic local business, especially this great market.” Evelia Diaz, the 74-year-old shopkeeper who tended the store for nearly five decades, said the building owners did not want her to stay. “We have not been treated with the respect we …deserve after being here all these years,” Diaz told KPCC. “I never wanted to leave. I wanted to die here.”