The Historic Core will be welcoming a new ground floor tenant to operate out of this famous landmark, The Baltimore Hotel and the King Edward Hotel. But who will it be? These properties recently sold in Downtown LA and are under management by a new company. They are located on the corner of Los Angeles St. and 5th St., this commercial space for lease borders both the Toy District and the Historic Core. Both districts are known for their high-density foot traffic, making it perfect for the right type of tenant! Preferably a tenant who prefers a dash of grit!
Across the street, attached to the historic King Edward Hotel, a restaurant space is also for lease, 119 E 5th St. Both Downtown Los Angeles commercial spaces offer an excellent opportunity to get a great deal on a great location by being on a quickly evolving transitioning block. Recognizing that opening up a normal retail establishment on a street that is in the beginning stages of gentrification isn’t easy; it’s good to pay attention to the positive changes happening on the block.
For example, on the same block as these two commercial listings, Auntie Em’s Kitchenette is quickly becoming a favorite among locals. Started by two successful entrepreneurs, downtown pioneer and owner of Two Bits Market, Brandi Lozano, who partnered with the owner of Eagle Rock’s destination café’ and bakery, Auntie Em’s Kitchen, Terri Wahl. Rumor has it, that the King Eddy Salon has recently been purchased by LA Nightlifer, Jeremy Fall, who is restoring it to its 80’s glory days; a watering hole for DTLA Legend, Charles Bukowski. I would bet on this city block.
Both Downtown LA commercial spaces at the King Edward Hotel and the Baltimore Hotel offer many of the great features Los Angeles tenants expect when leasing in the Historic Core; soaring ceilings, great visibility, window frontage, and these spaces also have private bathrooms! If you are looking to lease a downtown LA retail space, this could be the great deal you are looking for. For questions about this space or any other real estate opportunity, contact Donegan McCuaig at the number above.