Option and concession for new Gehry/Puck beach restaurant
Department of Beaches & HarborsCounty · Marina del Rey, CA- Disclosed value
- $100,000 option fee; Minimum Annual Rent ranging from $50,000 to $1,056,000 and beyond; Interest Rent Years 2–10 ranging from $62,924 to $598,732; Percentage Rent 10%-25%; Maximum Rent Deferral up to 50% of lesser of Total Redevelopment Cost or $42,000,000; TI Allowance up to $21,000,000 indexed
- From staffreport
- Document date
- Sep 27, 2022
The 30-second brief
Los Angeles County staff recommends granting PCH Beach Associates, LLC an Option and subsequent Concession Agreement to replace the existing Gladstone's restaurant with a new Frank Gehry-designed, Wolfgang Puck-operated facility at Will Rogers State Beach. The deal includes a $100,000 option fee, extensive redevelopment obligations, and a multi-decade rent structure combining minimum, interest, and percentage rents with capped redevelopment and tenant improvement allowances.
Pch Beach Associates LLC holds this food services contract with Department of Beaches & Harbors. Its other public contracts on record include work for Los Angeles County.
Term as filed: Option Period: 18 months plus up to five additional 6‑month extensions; Concession Agreement: Construction Period up to 5 years (with extensions), followed by Operation Period of at least 31 years with rent step schedule; overall term up to 30+ years as described.
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Contract details
- Contract type
- Food Services
- Amount
- $100,000 option fee; Minimum Annual Rent ranging from $50,000 to $1,056,000 and beyond; Interest Rent Years 2–10 ranging from $62,924 to $598,732; Percentage Rent 10%-25%; Maximum Rent Deferral up to 50% of lesser of Total Redevelopment Cost or $42,000,000; TI Allowance up to $21,000,000 indexed
- Document date
- September 27, 2022
- Term
- Option Period: 18 months plus up to five additional 6‑month extensions; Concession Agreement: Construction Period up to 5 years (with extensions), followed by Operation Period of at least 31 years with rent step schedule; overall term up to 30+ years as described
- Vendor
- Pch Beach Associates LLC
- Source document
- County of Los Angeles Staff Report Approval of Option to Enter into Concession Agreement with PCH Beach Associates, LLC 2022-09-27 (StaffReport)
Pch Beach Associates LLC's other public contracts
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Questions about this contract
Who was awarded the food services contract by Department of Beaches & Harbors?
Pch Beach Associates LLC was awarded this food services contract by Department of Beaches & Harbors, as recorded on September 27, 2022. The contract value is $100,000 option fee; Minimum Annual Rent ranging from $50,000 to $1,056,000 and beyond; Interest Rent Years 2–10 ranging from $62,924 to $598,732; Percentage Rent 10%-25%; Maximum Rent Deferral up to 50% of lesser of Total Redevelopment Cost or $42,000,000; TI Allowance up to $21,000,000 indexed.
How much is the Pch Beach Associates LLC contract with Department of Beaches & Harbors worth?
The Pch Beach Associates LLC contract with Department of Beaches & Harbors is valued at $100,000 option fee; Minimum Annual Rent ranging from $50,000 to $1,056,000 and beyond; Interest Rent Years 2–10 ranging from $62,924 to $598,732; Percentage Rent 10%-25%; Maximum Rent Deferral up to 50% of lesser of Total Redevelopment Cost or $42,000,000; TI Allowance up to $21,000,000 indexed, covering food services work.
What type of contract is this?
This is a Food Services contract, documented as a staffreport record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in County of Los Angeles Staff Report Approval of Option to Enter into Concession Agreement with PCH Beach Associates, LLC 2022-09-27 (StaffReport), dated September 27, 2022 from Department of Beaches & Harbors. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Pch Beach Associates LLC hold?
Pch Beach Associates LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Department of Beaches & Harbors currently buying?
Explore Department of Beaches & Harbors's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.