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Article: Dozen new restaurant outlets headed for downtown L.A. (Los Angeles, California)
- Article from:
- Los Angeles Business Journal
- Article date:
- July 11, 1994
- Author:
CopyrightCOPYRIGHT 1994 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Opportunities grow with office workers, visitors
Nearly a dozen restaurant outfits are checking out sites for outlets in downtown L.A. to serve a growing population there of office workers and out-of-town visitors.
Restaurant business downtown declined in the early 1990s, said Mark Tarczynski, a retail property specialist in the downtown office of CB Commercial Real Estate Group Inc. The recession hit, tourism slumped, companies in the downtown skyscrapers laid off workers in droves -- and restaurateurs suffered, he said.
But now office leasing activity downtown is picking up, and there are more people working there who need to eat, Tarczynski said. ...