Cathay Palisades, the Chinese restaurant on Antioch, closed one year ago, on June 26. That business space remains empty, along with numerous other store fronts in the historic Business Block building along Antioch and Sunset.
Starbucks, at the corner of Sunset and Swarthmore, was downsized at the end of May/beginning of June, creating 1,200 sq.ft. of space for an undetermined future business. Humm…perhaps a Subway?
Cathay Palisades had been a fixture in town for 33 years when owner David Leung was informed by the landlord, Anderson Real Estate, that his lease would not be renewed.
“I was never late for rent,” Leung told Circling the News on March 15 last year. He said he had been searching for a new space since late 2021 and that he had asked the landlord for a short extension. He even offered to pay more rent but was turned down.
“Anderson Real Estate has no comment,” was the March 21 email that CTN received when it reached out to the landlord. The Business Block Building and Palisades La Cruz (the Chase Bank building on Sunset) are owned by the Anderson Company. Topa Property Management takes care of the commercial properties and is under the Anderson umbrella.
At the time Cathay was notified it would not receive a new lease, CTN asked a manager at the adjacent Cafe Vida about its lease, which was up in 2021. It had been renewed for five years.