Darkened Brockman Waiting Its Turn
Dakota Smith / Curbed LA
[la.curbed.com]
DOWNTOWN LOS ANGELES — Popular new restaurant Bottega Louie celebrated its six-month anniversary last week. Crowds have come flocking to the 7th street space, but life hasn't always been easy for a restaurant operating on the ground floor of a building in bankruptcy.
The 12-story Brockman Building is one of Downtown's historic gems, but has stood darkened since developer West Millenium Homes filed for Chapter 7 bankruptcy on April 1. Six months later, Bank of America stands poised to take the building over and complete the project itself.
The restaurant opened for business on April 6, just five days after developer West Millennium Homes filed for Chapter 7 bankruptcy for the project, located at 7th and Grand. While it likely wasn't visible to patrons, restaurant President Daniel Flores told the court that the first few months were tough.
"We were forced to deal with a multitude of Brockman Building issues without anybody managing the business of the building, including electrical supply issues, heating, ventilating and air conditioning issues ("HVAC"), and the like," he recounted in an October 6 declaration. "From time to time, these problems either threatened or actually caused us to shut down Restaurant operations temporarily."
Trustee Amy Goldman has operated the building since July, using funds provided by Bank of America. The bank was the project's construction lender, and tells the court that it will soon be transferring the loan and title to a subsidiary that will finish construction.
In a declaration filed on Friday, Bank of America Senior Vice President David Kegaries told the court that the company had received a bid of more than $200,000 for work remaining to get a Certificate of Occupancy. The bank is considering trying to find a lower bid, but Kegaries has authorization to spend the funds.
That money would come on top of the $350,000 that the bank had previously committed to spend on the building's current operations. Kaegaries said that the bank had also approved $45,000 to complete entitlement work.
Recent legal wranglings have centered on a parking lease for 51 spaces in the lot behind the building. A company controlled by developer Sonny Astani owns the lot and argues that the 2003 lease agreement has been voided. Lawyers for the building and the bank think differently.
Bank of America alleges that Astani is trying to get out of the lease to weaken any competition the Brockman would provide his own projects. "Mr. Astani apparently sees an opportunity to gain an advantage over a competing downtown project," its lawyers write in a recent court filing. "He wants to either cut-off or ransom the lifeblood of any residential project: convenient parking."
The issue was to go before Judge Kathleen Thompson this morning. With only 36 parking spaces beneath the building, those 50 spaces would likely play an important role in helping make the Brockman's 80 condo units salable.
The project may well be Downtown's slowest residential conversion. Work started in 2005, and a sales center was in place by 2006. The building spent years under a black tarp shroud, emerging in 2007 and 2008.
After a brief period of sales in mid-2008, the building was briefly converted to rentals before leasing was suspended in early January.









apliiq
littleradio
RedwoodBar
TraderVics
thebonaventure














the-peg on October 13, 2009, at 05:50PM – #1
Seems to me like $200,000 is small change hardly worth arguing over when compared to letting 80 units site empty for months on end with no plan in sight. But what do I know?
Matt Nelson on October 14, 2009, at 09:50AM – #2
Sonny argues the 2003 what has been voided? Lease?
Eric Richardson (@blogdowntown) on October 14, 2009, at 09:51AM – #3
Matt: Not sure how you ended up seeing that now... I fixed that typo a half hour ago.
Thomas Stanley on October 14, 2009, at 03:35PM – #4
I think the Brockman is cursed. I remember walking by it years ago and narrowly missed being hit by a falling shard of glass. Beautiful building, but cursed.
peenee on October 14, 2009, at 03:45PM – #5
i would like to know what Bottega Louie is paying for it's rent. it's just insane not to get the building done as soon as possible. i would have a 24 hour crew working on it and this makes a really good rental by the way. i would love to live above Bottega Louie! yum
Ankur on October 19, 2009, at 09:25AM – #6
Did you guys get a chance to see the units pre closure?
I was so disappointed. NOTHING has been retained of the original building inside, outside of the og stairwell.
The building was so beautiful, and they chopped it up (insert downtowns hated developer) style to max space. The hallways looked like a holiday inn, the lobby was tiny, etc.
Robert on January 20, 2010, at 06:04PM – #7
Any updates on the Brockman bldg?