Landmark Bob Baker Marionette Theater to be redeveloped for planned mixed-use complex

Real estate investor Eli Elimelech bought the property in 2013

Los Angeles /
Dec.December 04, 2017 11:09 AM
Bob Baker Marionette Theater (Credit: Getty Images)

Real estate investor Eli Elimelech will redevelop the Bob Baker Marionette Theater and incorporate it into his mixed-use complex planned at 1345 W. First Street in City West, in the latest shakeup involving a historic LA playhouse, Downtown News reported.

The theater will shutter sometime next year, but reopen in 2020 with new facilities that include a small museum, a workshop and educational space, the theater’s office manager said. A portion of the new development will be built on the site’s parking lot.

Elimelech first purchased the site in 2013 for $1.3 million, property records show. A year later, he announced plans to build a 104-unit apartment complex without any mention of preserving the esteemed theater, sparking outrage among preservationists and Bob Baker fans.

But in the three years that passed since Elimelech’s 1st Street Properties made its vision known, the theater became a nonprofit organization and a series of negotiations with the city’s Cultural Heritage Commission changed the course of the proposed plan. No construction has begun, and the theater plans to host traveling puppet shows around Southern California while the mid-rise complex is being constructed.

The theater opened in 1963 and was designated a historic-cultural monument in 2009.

Details about Elimelech’s firm, 1st Street Properties, are scarce. The Calabasas-based firm tapped Architag, led by Stephen Albert, for the project, according to a letter filed to City Council on September 2016. [DTN] Natalie Hoberman


Related Articles

arrow_forward_ios
Queen Mary (Google Maps, iStock)
Long Beach to size up Queen Mary in wake of failed redevelopment plan
Long Beach to size up Queen Mary in wake of failed redevelopment plan
Prologis' Hamid Moghadam and 8819 E Edison Ave in Ontario (Google Maps, Prologis)
Prologis gets option on 177 more acres in Ontario Ranch
Prologis gets option on 177 more acres in Ontario Ranch
SRG's Chris Payne and Burnham Ward's Bryon Ward with rendering of New Laguna Niguel City Center (Sares Regis Group, Burnham Ward Properties)
‘Napa Valley-esque’ downtown to be built in Laguna Niguel
‘Napa Valley-esque’ downtown to be built in Laguna Niguel
LaTerra Development's Charles Tourtellotte with 4112 Del Rey Avenue (LinkedIn, Loopnet)
LaTerra buys Marina del Rey office complex
LaTerra buys Marina del Rey office complex
CIM’s Shaul Kuba with renderings of the project at 6007 Sunset Blvd in Hollywood (Getty, CIM Group)
CIM sells site of 109-unit resi development in Hollywood
CIM sells site of 109-unit resi development in Hollywood
Councilman Bob Blumenfield with 5300 N. Oakdale Ave (Dean Musgrove, iStock)
Last commercial orange grove in the San Fernando Valley slated for luxury homes
Last commercial orange grove in the San Fernando Valley slated for luxury homes
From left: Stockdale Capital Partners' Steven and Shawn Yari with 656 San Vicente Blvd
Stockdale Capital gets early green light for 140K sf medical tower near Cedars-Sinai
Stockdale Capital gets early green light for 140K sf medical tower near Cedars-Sinai
HBC's Richard Baker with  9600 Wilshire Blvd (SFA, Cornell)
Historic Saks Fifth Avenue complex in Beverly Hills eyed for redevelopment
Historic Saks Fifth Avenue complex in Beverly Hills eyed for redevelopment
arrow_forward_ios

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

Loading...