The city’s oldest French restaurant will soon be replaced by a new mixed-use development.
Ne t’inquiète pas. Some of it will live on.
Development firm Holland Partner Group has acquired the site of Taix French Restaurant in Echo Park, where it plans to build a six-story complex with 170 units and 13,000 square feet of ground-floor retail, according to Eastsider.
In July, an entity linked to Holland Partner paid $12 million for the property on Sunset Boulevard, according to property records.
Taix first opened in Downtown Los Angeles in 1927, and later moved to its Echo Park location in 1962. The eatery will be demolished to make way for the mixed-use complex but a smaller version of Taix is expected to be rebuilt on site. Its neon sign, bar and lounge will be preserved at the new spot.
Holland is also planning on developing a separate housing complex at Taix’s parking lot at Reservoir and Liberty streets. That development is expected to include around 49 units, according to Eastsider.
Holland’s investment in Echo Park comes on the heels of its $403 million sale of two apartment towers in Downtown L.A. last month. The firm had developed the towers, located in the Fashion District. [Eastsider] — Natalie Hoberman