Sunday, October 23, 2016

Temple Street development chases after Silver Lake cafe society

New apartment building rising on Temple Street south of Silver Lake

New apartment building rising on Temple Street south of Silver Lake

Storefront ReportHISTORIC FILIPINOTOWN — A new, block-long apartment building now rising on Temple Street is one of several new and proposed residential projects that are seeking tenants priced out of Silver Lake and Echo Park. But the coffee houses, Pilates studios and vegan-friendly restaurants found a few blocks north are in short supply on Temple. So in addition to finding  renters, the developer of this 67-unit apartment building rising between Dillon and Robinson streets  is also courting a coffee shops to move into the project.

The 750-square-foot space at the corner of Temple and Robinson Streets includes a covered patio and is “walking distance to the heart of Silverlake,” according to the listing posted on LoopNet.  “Ideal for coffee shop tenant,” says the listing.

How much will this “Silverlake Adjacent Retail” space cost to lease? The $3 a square-foot rate will cost you $2,250 a month,  which means you would have to sell more than 500, $4-lattes to cover the rent.

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  1. I doubt that residents will walk to Sunset blvd, which is just under a mile away. I know I would, but I also love to walk. Realtors are so full of it.

    • in distance the walk is not that long, but there is a freeway (I know, you can walk under the freeway, but have been under the 101), hills and some very bad sidewalks between Temple and Sunset. There are some lovely residential streets that will make for a nice walk, but the other issues outweigh the lovely part of the walk.

  2. Good. Silver Lake should be inhabited by more families anyway. Let the bearded, tatted, fedora wearing men who walk and sleep with their poodles – and the women and men who love those them – move downtown. They can take the biker/rocker/druggie types with them. Maybe some day those types will discover the eastside, you know, EAST of the L.A. River. There they can all sit around and remind each other how cool they are. Yawn…

  3. So much for that rendering from 2013, huh?

    • It’s similar to the original preliminary rendering. It seems to have the same basic profile, and openings for balconies at the ends. I think the Loopnet rendering looks better. And probably looks different at the request of the City.
      It looks another 4-6 months from completion, so hard to tell. Maybe the retail space as a shell will be ready, but the interior build-out will still be going on for awhile.

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