Sunday, October 23, 2016

New owner focusing on finding tenants for Frank’s Highland Park Camera building

Storefront Report HIGHLAND PARK — The former home of Frank’s Highland Park Camera shop  sold last fall for the handsome sum of $3.4 million.  Now, the new owners, who were profiled in last year’s Marketplace series on Highland Park gentrification, are seeking new tenants to fill up the three-story brick building, with the first floor going for $22,500 a month, according to LoopNet.

New owner Dave Walker told Marketplace that he and his investors are seeking a 25% return on their investment in the Figueroa Street building, from which workers removed 15 dumpster loads of cameras, film and other photographic equipment.  A Marketplace reporter accompanied Walker as he gave a tour of the building to prospective tenants:

You can see where the plaster has come off the walls,” he told a pair of potential tenants who own several trendy bars and restaurants in Los Angeles. “And you can see what’s cooking. We’ve got exposed brick, laying right behind that.”

“Oooh,” one of the potential tenants said.

“It’s got that intangible which is hard to come by, which is the cool factor,” Dave said.

That “cool factor” is “perfectly suited for creative office (2nd floor) and restaurant / retail use on the 1st floor,” says the listing.

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  1. I’m really really really hoping this sits empty so he can lose his pants, be forced to sell, and it can be put back in the hands of an actual local who cares about this community and has good intentions for what this property should be… Unfortunately, some sucker is going to pay abbot kinney prices for this…coming from a “big box” strip mall background, I can only imagine what he’s willing to settle for in regards to a tenant. Get excited for the GAP/Starbucks combo?!

    • Define actual local, please? Thx

      • My apologies on not better explaining Mid Century. When I mentioned “actual local”, I mean someone who doesn’t live in Venice and chase trends of commercial real estate outside of their zip code…..which if you read the marketplace piece on this guy, it’s exactly what he is…he even admits it after letting the Abbot Kinney craze “getting away from under his nose”…..

        I’m not trying to claim that Franks was providing much of anything to the community, because as well all know (I spent at least 6 hours combined in there over the past 6 years trying to dig up Polaroid gold or a decent camera with no luck), it was mainly collecting dust. I just wish that someone in the area who has the funds and right intentions could purchase these types of properties before strip mall developers get their paws on them….More of what Silverlake wine/Heirloom/Intelligentsia has going on next to little cave, and less of the wrong intention for the community…

        • Thank you for clarifying. Yah, I’m not super stoked on the chain vibe of old town pasadena and would be a tad annoyed to have that here, even if my property value would go up. For that kind of rent it would probably have to be a high traffic restaurant kinda like urth cafe that is constantly packed with millennials. Ugh, millennials.

    • I have a feeling that your wish will partially come true.

  2. You need big money to open a business in HLP now a days. I really do hope it’s not a franchise business such as a gap or starbucks either. HLP will lose its small town community feel if that happens. Family owned businesses have been the benchmark of Highland Park and to see a franchise move in is sad to see, but change is inevitable. 4 decades in HLP I’ve seen a lot and continue seeing.

    • did you feel that way when chain stores like Falas Peredes,99 cent store or Dollar Tree moved in.

      • Some people will never be happy: upset when a chain like Gap/Starbucks moves in, which is more likely to be paying benefits to their employees; upset when Silverlake Wine/Intelligentsia move in, because they are destroying the cultural fabric of the community. Oy.

  3. I can’t believe I missed those dumpsters….. my heart races just thinking about them!

  4. People calm down, only an Apple store could afford that rent. You wont see Gap or SB they already open two in the area and will not open another they already has enough problems with the ones they opened.

    • LOL, can you imagine the ruckus if an apple store actually happened? yikes.

      doubtful, i don’t think it really fits their bill. they tend to locate in pedestrian traffic areas (i.e., galleria, americana, grove, 3rd st. promenade, etc.), since a lot of their draw happens through the front window.

  5. When you have 3.4 mil to spend why would you give a crap about some old cameras! Well maybe there was some great history recorded or cameras that could have been collectible. Why wouldn’t you allow someone to take them or hold an auction or simply donate the items? Nope I’m a millionaire so in the trash they go…

  6. I’m hoping someone somewhere intercepted the contents of those dumpsters. I don’t care where the stuff ended up, as long as it wasn’t literally in a dump.

  7. DUMPSTERs?!?! Where . Why. Please tell me it was donated. Dumpsters?

  8. “Exposed brick.” Isn’t that a not-so-good thing in earthquake country? I’m not sure I’d be that excited if I were a potential tenant since doesn’t that mean lots of money required for retrofitting?

  9. Hope they donated some of those cameras or stored some otherwise how wasteful. I know some will decry they sat there for years but it doesn’t exacuse us dumbing history for the sake of expediency. I realize not all can be saved but it’s tragic to see such waste.

  10. I imagine what they threw away mostly were outdated digital cameras which would probably be hard to even give away and possibly some old film cameras which sadly also probably don’t have much if any value these days.

  11. Maybe the reporter from Marketplace can spread some light on the contents of the dumpsters and their fate.

  12. that’s a huge space. like wtf huge. you’d need to do $450k in sales a month to afford this place.

  13. i have been in there in the past decade. mostly camera cases and obsolete video equipment. you couldnt even buy a roll of 120 film fhere. i am a film camera nut and am 99 percent certain all the good stuff was long gone.

  14. No one said the items were disposed of. ‘Dumpsters full” is used only as an idea of measurement–and to create a reaction (which it obviously did). It has been stated by locals that this business was already contributing little. It’s been hypothesized, without even knowing who the potential tenants are, that they are looking to open some soulless chain (even though this place is flanked by Little Cesar’s, Subway, Auto Zone, McDonald’s and Taco Bell and no one seems bothered about that). The piece paints them like tools just for appreciating the beautiful brick and details commonly found in these buildings, buried under years of careless renovation. Don’t be emotionally baited and manipulated by a publication trying to increase traffic. Check your facts, form your own opinions.

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