Poketo closing Arts District flagship citing redevelopment

Owner RYDA Ventures plans to renovate property next year

TRD 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
View of Carmel Partners' 520 Mateo

Huizar arrest fallout: Carmel Partners places exec on leave

Huizar arrest fallout: Carmel Partners places exec on leave
Rossano de Cotiis and the Violet Street development site (Credit: Google Maps)

Onni Group back with a new plan for Arts District project

Onni Group back with a new plan for Arts District project
Carson Mayor Albert Robles and a rendering of the proposed project (Credit: The city of Carson)

Simon-Macerich mall project in Carson sparks latest legal claim

Simon-Macerich mall project in Carson sparks latest legal claim
Alicia Silverstone from the film 'Clueless', 1995, and a rendering of the Beverly Center (Credit: Paramount Pictures/Getty Images, and Beverly Center via Los Angeles Times)

For LA’s malls, lawsuits could be the next crisis

For LA’s malls, lawsuits could be the next crisis
Baldwin Hills-Crenshaw Plaza mall and CIM co-founder Avi Shemesh

CIM Group backs out of mall buy after community backlash

CIM Group backs out of mall buy after community backlash
The Egyptian theater (Credit: iStock)

LA movie theaters will soon reopen, but they won’t be the same

LA movie theaters will soon reopen, but they won’t be the same
From left: Bill Shopoff, Sandy Sigal, and David Simon

Payment Gap: Retailers are reopening, but many aren’t paying rent

Payment Gap: Retailers are reopening, but many aren’t paying rent
Joshua Golcheh

The way out: Developer cites coronavirus in suit to exit OC shopping center deal

The way out: Developer cites coronavirus in suit to exit OC shopping center deal
arrow_forward_ios

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

Loading...