Soho House Eying Larry Ellison's Failed Malibu Restaurant?

The fancy pants private club is apparently interested in the 6,900 SF property on PCH where Larry Ellison's Nikita restaurant closed in December. The two-story property is along a stretch of PCH full of billionaires, including such neighbors as David Geffen and Eli Broad. A Soho house spokesperson tells the Hollywood Reporter the report is not true, but that it is "always being shown new buildings." The paper says Malibu insiders claim the deal is all but done.

This comes after the London-based club announced its plans to open a massive 80k SF spot it will call "Soho Warehouse." The club is reportedly eying this warehouse at 405 Mateo St in the Arts District, but nothing concrete has come out. Soho House has been looking to ramp up its global footprint as of late, fueled by a $383M investment from its billionaire owner, Ron Burkle. [THR]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories

Rexford Sells Fullerton Industrial Building For $50.2M: The Los Angeles Deal Sheet

GGP To Redevelop Former Dick's Sporting Goods Store At Frisco's Stonebriar Centre

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Gwinnett Mall Project Stands To Benefit From Georgia's Opportunity Zone Picks

Epicenter Landcorp Buys Culver City Flex Industrial Building For $11M

JLL: Holiday Spending To Rise Nearly 10%, But Shoppers Aren't Splurging On Gifts

Hollywood's Yamashiro Complex Gets $25M Refinance: The Los Angeles Deal Sheet

Philly Restaurant Operators Avoid Percentage Rent, Tenant Improvement Deals

Kroger Plans 3 New Store Formats, 110 New Locations In Bid To Boost Sales

Lender Wants Blackstone, Hudson Pacific To Sell Vacant Sun Valley Studio

Faring Proposes Office, Retail Project On Sunset Strip Car Dealership Site

Food Hall Planned Near Broncos' Burnham Yard Stadium Site