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Eagle Rock Sizzler closes as developer moves ahead with mixed-use project

EAGLE ROCK — It’s time to find another place for Steak & Malibu Chicken. Customers who went to the Sizzler restaurant at 2530 Colorado Boulevard last week found the place locked up and a notice saying “our lease has come to an end.”

The Sizzler’s days were numbered when a developer bought the property nearly three years ago. A filing with the Planning Department describes a four-story, mixed-use project with six to eight ground-floor  retail spaces, 36 apartments and 86 parking spaces.

The property owners, Colorado Equities LLC, want to build a project that is more dense and taller than normally allowed in return for including three apartment for very low income tenants.

Those plans could change again in the wake of the passage of Proposition JJJ, the affordable housing bond, said Greg Merideth, President The Eagle Rock Association, known as TERA.

“Although the developers have presented twice to the TERA board, TERA has not taken a position on the project,” Merideth said in an email. “The reason for not taking a position has been that the plans have been continually updating. Also, Proposition JJJ passed just before the developer’s last presentation. This likely impacted their plans. We expect that they will present again to TERA once the plans are finalized.”

And for those who are missing their platter of shrimp, steak and Malibu chicken, the Sizzler at 2920 Los Feliz Blvd. in Atwater Village remains open.

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12 comments

  1. 86 PARKING SPACES FOR 36 APARTMENTS!!!

    • “six to eight ground-floor retail spaces”

      READING COMPREHENSION!!!!!!

      2 spaces per apartment = 72, leaving 14 for retail/visitors.

      • hey so 2 spaces per apartment is insane

        • How is that insane? People need to get to work and as far as I can tell street parking is non existent in the adjacent areas. Take a look at the map. Residents also do have people come to visit. Retail businesses have customers.

          Only a very small percentage of folks will use public transportation for everything, especially in this part of town.

      • And we wonder why new housing is so expensive.

        • Because LA is an attractive place to live. Rents are not decreasing except downtown. Developers are not in the social services business. Neither are landlords.

          • it’s always been an attractive place to live but rents have never been this high and the glut of new apartments for minimum two thousand studios isn’t helping but worsening the housing crisis

          • Alex – the glut of new apartments will help the housing crisis. If apartments don’t rent, they’ll rent for less.

          • That too, but unlike parking mandates we have little control over that variable. Developers are in the luxury housing business because anything else has been regulated out of the market.

        • Question is … Who is going to buy an 800k condo and NOT own 2 cars?

          • These are apartments, if I’m not mistaken. And each parking space adds a couple hundred bucks onto the rent.

          • Still, those spots are necessary. Perhaps not closer to main public transportation routes, but unless you’re working at Target or TJ’s you’re gonna need a car. Street parking not an option in that area.

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