La Brea Multifamily Spurs Evening Retail Needs

The border of West Hollywood at the intersection of La Brea and Santa Monica is calling for more evening retail options, thanks to a wealth of new residential tenants. The area has changed dramatically in recent years, according to Gabe Kadosh, a VP at Colliers International and a retail expert that has signed numerous tenants in the micro-market. Kadosh handles leasing at the West Hollywood Gateway and recently signed the 1933 Group to a new lease at the historic Formosa, which he is hoping will bring a much-needed evening retail option to local residents.

“The West Hollywood Gateway does very well, and traffic volumes are tremendous. Where it is lacking is late night hours,” Kadosh tells GlobeSt.com. “Over the years, every corner has been developed into mixed-use multifamily, so you have an evening population that never existed for a long time. That block was a lot different of an area even five years ago. It has changed dramatically with properties from Essex, CIM Group and Avalon Bay.”