Poketo closing Arts District flagship citing redevelopment

Los Angeles /
May.May 05, 2017 04:49 PM

Online retailer turned brick-and-mortar shop Poketo announced on Instagram it would be closing its Arts District flagship store at the end of this month.

The boutique shop said the building’s owners, RYDA Ventures, headed by brothers Ryan and Daniel Neman, have decided to redevelop the property.

Ryan Neman confirmed with The Real Deal that RYDA will be “renovating the building” and said the firm is “in communication about keeping existing tenants.”

RYDA has been in the business of developing trendy restaurants and retail spaces since it launched in 2014.

The company acquired five retail parcels in Silver Lake at 3303-3327 W. Sunset Boulevard, totaling approximately 27,500-square-feet, last year for $7.8 million. It also acquired a 100-year old bungalow in Los Feliz in 2015 for $2.2 million with plans to turn it into two restaurants.

Poketo’s popular store at 820 E. 3rd Street was the e-commerce company’s first brick-and-mortar shop, which it opened in 2012. The company said on Instagram that it has plans to open a new location soon. It also operates a store inside the Line Hotel and a location at the Platform in Culver City.


Related Articles

arrow_forward_ios
Standard Communities’ Chris Cruz and 10930 Garfield Avenue
Standard Communities pays $532K per unit for newly developed South Gate apartments
Standard Communities pays $532K per unit for newly developed South Gate apartments
7000 Romaine Street and 948 Sycamore Avenue (Google Maps)
Onni Group wants to add 14-story office in Hollywood
Onni Group wants to add 14-story office in Hollywood
Vella's Zach Vella and SWRCC's Dan Langford with 1010 Sandhill Avenue (Vella Group, Southwest Regional Council of Carpenters, LoopNet)
Carpenters union buys Carson industrial from Zach Vella
Carpenters union buys Carson industrial from Zach Vella
TCW's David Lippman with and the City National Plaza at 515 S. Flower Street (David Lippman, City National Plaza)
TCW inks largest pandemic-era office lease in DTLA
TCW inks largest pandemic-era office lease in DTLA
eBay's Jamie Iannone with 455 North Fairfax Avenue (eBay, Google Maps)
eBay goes brick and mortar on popup for sneakerheads
eBay goes brick and mortar on popup for sneakerheads
Jeff Blau with 1755 Argyle St (LinkedIn, Commercial Observer)
Related Companies to sell Argyle House in Hollywood
Related Companies to sell Argyle House in Hollywood
Frank Gehry and the Ocean Avenue Project (Getty, Ocean Avenue Project, iStock)
Frank Gehry’s long-awaited Santa Monica project takes big step forward
Frank Gehry’s long-awaited Santa Monica project takes big step forward
Duke Realty's James Connor and 14724 Proctor Avenue in City of Industry (Google Maps, Duke Realty)
Duke Realty gets another 230K sf in City of Industry
Duke Realty gets another 230K sf in City of Industry
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...