To: MAYOR AND CITY COUNCIL
From: STEPHEN PROUD, WATERFRONT AND ECONOMIC DEVELOPMENT DEPARTMENT
TITLE
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APPROVE CONSENT TO SUBLEASE BETWEEN A BASQ KITCHEN, LLC AND MYRTLE AVENUE HOSPITALITY, INC. FOR THE PREMISES AT 136 N. INTERNATIONAL BOARDWALK FOR A RESTAURANT USE FOR THE MONTHLY BASE RENT OF $1,820 FOR A MONTH TO MONTH TERM
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EXECUTIVE SUMMARY
The City reacquired the International Boardwalk leasehold in July 2012. The leasehold is comprised of a narrow, linear commercial development of approximately 17,200 square feet. The space at 136 N. International Boardwalk ("Premises") includes a total area of approximately 1,000 square feet and has historically operated as a restaurant.
A Basq Kitchen ("Tenant"), a restaurant offering different varieties of foods with a Basque-themed d?cor, has been the Tenant of this space since May 5, 2015. Tenant is requesting the City's approval to sublease the Premises to Myrtle Avenue Hospitality, Inc., dba The Front Porch ("Sublessee"), a restaurant featuring a mix of elevated comfort food and California coastal cuisine. The Basq Kitchen lease expired on May 4, 2020. Therefore, the proposed sublease is for a month-to-month term. Rental to the City's Harbor Uplands Fund will amount to the greater of the minimum monthly rent of $1,820.00 or 10% of gross sales.
BACKGROUND
In July 2012, the City reaquired the International Boardwalk leasehold comprised of a narrow and linear development along the east side of Marina Basin III. The approximately 17,200 square feet of space is entirely occupied by retail and restaurant uses. The space at 136 N. International Boardwalk has been home to many restaurants over the past four decades and most recently by A Basq Kitchen, owned and operated by Chef Bernard Ibarra.
A Basq Kitchen is requesting the consent of the Redondo Beach City Council to execute a sublease for the entire space with Myrtle Avenue Hospitality Inc., dba The Front Porch. The proposed sublease is f...
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