20 Aug Eagle Rock Becoming Even More Trendy
It seems Eagle Rock, the already trendy area of Los Angeles, is becoming more desirable every week.
News got out some time ago that Eagle Rock brewery founders Ting Su and Jeremy Raub purchased the old Fatty’s property and will soon be opening a restaurant and brew pub called Eagle Rock Brewery Public House. The location will have a dining room as well as a 15-barrel brew house, which will live within an adjacent 2,000 square foot warehouse.
Further west on Colorado Blvd. we now have Big Mamas and Papas Pizzeria offering a 30 minute lunch and a great place to take the kids for dinner or a party. Next to it and attached is BMPP @ 5 Line, a restaurant, bar, coffee shop with a couple dozen TVs and even a place to dine outdoors.
What does this mean for residents and visitors to Eagle Rock and what does it do for commercial property values?
With more and more young professionals moving to North East LA; Eagle Rock, Glassell Park and Highland Park, we have a growing need for local dining, drinking and entertainment. Colorado Blvd. is beginning to serve that need well for the communities of Northeast LA and the surrounding areas.
Meanwhile, the recent businesses opening on Colorado are creating more and more demand for property in the area. A chain reaction has begun with more and more investors and business owners wanted to become a part of this thriving community. This is leading to a huge rise in real estate prices.
The great part of the upgrading and expansion of the area is that it benefits the local community, the businesses, old and new, and the City of Los Angeles (the more businesses thrive, the more sales tax comes into the city).
If you are thinking of selling, buying or leasing a commercial property in the Northeast LA, Pasadena, and Glendale areas, contact me.
As a member of the neighborhood council, a past Chamber of Commerce president, a Land Use Committee Member and a former member of the Pasadena Zoning and Planning Council I can help guide you through the corridors of bureaucracy and help you understand and deal with the various hurdles that go along with commercial real estate transactions.
Mike Tolj (323) 258-4946
“Let us help you make an informed real estate decision on your next transaction. Whether you’re buying, selling or thinking of leasing commercial space or just have a few questions that need immediate answering, give us call. We are here to help you make the right move”.