HISTORIC 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.