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Restaurant News

Bottega Louie Building on the Auction Block

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Tue, Dec 28, 2010 at 8:00 AM

click to enlarge R. E. ~
If you've got several million dollars to spare, you could be Bottega Louie's next landlord.

Located at the corner of 7th St. and Grand Ave., the 80-unit Brockman Building houses the loudest restaurant in downtown L.A. but not much else.

After nearly 20 months in bankruptcy court, the 80-unit Beaux Arts building heads to the auction block for a foreclosure sale on Dec. 30., reports the Downtown News.

Show up early at the Los Angeles County Superior Court building in Norwalk, and bring a checkbook. If no bidder matches or exceeds Bank of America's $35 million loan on the project, the bank would retain ownership and probably prepare the building for a private sale.

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