downtown los angeles, historic core

New Listing: Unique Flagship Retail Opportunity at Historic Olympic Theatre in Downtown LA

Unique flagship retail space opportunity in the historic Olympic Theatre at 8th/Broadway in Downtown LA (Photo: Hunter Kerhart)

Unique flagship retail space opportunity in the historic Olympic Theatre at 8th/Broadway in Downtown LA (Photo: Hunter Kerhart)

The historic Olympic Theatre located near the NW corner of 8th and Broadway is now available for lease as a unique flagship retail space opportunity along the exciting Broadway retail corridor. Built in 1927, the 600-seat theater was originally called Bard’s Eighth Street Theatre but was renamed Olympic Theatre in 1932 to commemorate the Summer Olympics in Los Angeles. Today, the space is once again ready to shine as Downtown LA continues to attract national and international retailers at an unprecedented rate. This retail space is ideal for a retailer with a unique identity and brand.

Full details below ↓

Property highlights:

  • Excellent location adjacent to Broadway’s exciting retail renaissance
  • One block from new Urban Outfitters at historic Rialto Theatre
  • Nearby new Ace Hotel, Acne Studios global flagship, A.P.C., OAK NYC, Aesop, Tanner Goods, Tarina Tarantino, and Umami Burger
  • Two blocks east of 42,000 square foot Whole Foods now under construction at 8th and Olive (opening 2015)
  • Located on 8th Street between Broadway and Hill Street, which are two streets designated along the future LA Streetcar alignment route
  • For detailed historical theater background click here

Property specs:

  • 313 W 8th Street, Los Angeles, CA (Google Maps)
  • Total square footage is 9,835 split into three levels: Basement 3,289 SF, Ground Floor 5,520 SF, Mezzanine 1,026 SF (expandable)
  • Email for terms, rate, and floor plans

For all inquiries, please contact Brigham Yen at 213.293.6639

Olympic Theatre retail space in Downtown LA (Photo: Hunter Kerhart)

Olympic Theatre retail space in Downtown LA (Photo: Hunter Kerhart)

Olympic Theatre retail space in Downtown LA (Photo: Hunter Kerhart)

Olympic Theatre retail space in Downtown LA (Photo: Hunter Kerhart)

Olympic Theatre retail space in Downtown LA (Photo: Hunter Kerhart)

Olympic Theatre retail space in Downtown LA (Photo: Hunter Kerhart)

Olympic Theatre retail space in Downtown LA (Photo: Hunter Kerhart)

Olympic Theatre retail space in Downtown LA (Photo: Hunter Kerhart)

Olympic Theatre retail space in Downtown LA (Photo: Hunter Kerhart)

Olympic Theatre retail space in Downtown LA (Photo: Hunter Kerhart)

Olympic Theatre retail space in Downtown LA

Olympic Theatre retail space in Downtown LA

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  1. Raymond3000 says

    this unique one in a life opportunity gem should be marketed to any of the companies with DT headquarters looking to make a big leap & statement for the retail renaissance

    FOREVER 21

    Then, maybe GAP, APPLE, or BED, BATH BEYOND, etc. Soo much potential either way!

  2. Topher says

    Gorgeous space for something cool. I can definitely see forever 21 in there.

  3. Hey guys, can’t you imagine something more interesting than a Forever to 21 in there? It’d be great if dtla stays more unique and interesting than 3rd Street Promenade or Old Town Pasadena. I’m not really sure what fits that criteria.

  4. Anthropology would be good here, or maybe with some work a great restaurant. I would event say a Cheesecake Factory just for the sake of the foot traffic and momentum as it is a recognizable tourist eatery.

  5. Farhan Mahmood says

    I agree w/ Ryan, Forever 21 or Anthropology wouldn’t be all that exciting. The great thing about DTLA is that we are striving to be creative and different – not the same as everyone else. Congrats Brigham on a great listing, keep up the good work!

  6. Lawrence says

    Downtown can be creative and different while still having recognizable chains that appeal to a wider audience. There is far too much commercial retail space in Downtown to be filled with purely “unique” or “indy” concepts. Even when Forever 21, Gap etc. come downtown (I say when because it’s inevitable), the area will still be unique because its built form, layout, history and energy are completely different from that of Santa Monica or Pasadena. It’s the only truly urban city center in SoCal – No Gap or Banana Republic is going to change that.

    • brudy says

      But what happens to rents when large national chains come in? Indies won’t be able to afford it. I’m not entirely against the large chains, I just wish they’d stay more in the Bloc/financial district/SP.

      • Lawrence says

        Although rents may increase when national retailers come in, it’s a gradual process and Broadway is a very long street (at least a mile) of contiguous street facing retail space – not to mention the feeder numbered Street (3rd to Olympic and beyond). Many of the retail spaces are very large and designed for flagship retail hearkening to their heyday in the 20’s-40’s. There are not enough indies out there that are large enough to fill most of these spaces. It’s inevitable that national chains will come into the mix. The Bloc/Financial District don’t have enough retail space to house all the chain stores that will want to come in and Broadway has historically been a shopping district anyway and home to older chains (May Co., Bullocks, Silverwood’s, Kress etc.).

        • brudy says

          Yeah, you’re right about the size thing. I’d still rather have Broadway be more like Abbot Kinney than Colorado Blvd.

          • Lawrence says

            What’s unique about Broadway is that it can be a bit of both. 9th and Broadway and surroundings is quickly taking on the character of Abbot Kinney as a result of the retail mix it’s attracting, but further up Broadway we may see a mix of more traditional national and indy stores of varying categories come in. In the end, Downtown will never be a linear shopping district in the way that Colorado Blvd. is. Broadway’s success will eventually flow into the numbered street that branch out from it and perhaps into the Jewelery District, which has enormous potential as a future shopping area as well.

  7. Indy stores are ok but the ones dt do not stay open late and are closed on certain days. We need chains so we don’t have to travel to Pasadena, Century City or the Grove. People need to get over this anti-chain thing. DTLA needs chains and Broadway is perfect.

    • SteveB_LA says

      NastyGal would be great. Online is ok, but sometimes we need to see stuff. I kept looking at their site for something for my gf, but I really need to see fabrics up close.

  8. Sarah says


    • corner soul says

      Yeah… Downtown needs some decent vintage/thrift shops.

  9. Roger says

    In the early 1960s this was known as the Olympic Request Theater with a published weekly change calendar of older film classics that customers supposedly voted for. Catering to May Co shoppers across the street you could check your packages with the staff and the back four rows was a “ladies only” seating section.

  10. Justin says

    It looks like they added a platform to the floor by the look of that star case next to the stage. Could the floor still be sloped beneath?

  11. Meredith Rhule says

    Use to be a projectionist here 40 years ago. My wife, Aida Rhule, was an assistant manager here also. The former Los Angeles mayor, Sam Yorty, was a projectionist here many years ago. Nice to see this place. Meredith Rhule

  12. You also have that amazing space practically next door at the Union Lofts. I remember it was going to be a very nice restaurant at one time. I wonder why it just sits there…perhaps because it is on Hill Street. For the Olympic, I would love to see a place like the Hotel Cafe in Hollywood with live music.

  13. Jerell Ordonio says

    OMG… Forever 21 would go perfect there!! Or maybe Juicy Couture.

    Never even knew about this place until now… Cool!!

  14. archie says

    I’d rather see it re-used as a revival/art theatre that the space already looks like. The jazzy pop marquee is already there and can be seen from Broadway. But who can make the rent showing revival films? American Cinematheque is non profit. The Beverly Cinema probably struggles. A downtown branch of the Cinematheque in the Olympic or the Palace. I can see the marquee-Tonight Only. Godard. CONTEMPT/BAND OF OUTSIDERS. Tomorrow-L.A. PLAYS ITSELF-Thom Anderson IN Person. Fri.-Sat. Wan Kar Wai Festival. Sunday- 2 By Luis Bunuel. Coming SCORPIO RISING and Hitchcock Silent Films. We’ve gotta get some movies on Broadway in one of those magnificent empty theaters!

    • brudy says

      I was just having this same thought! I want that kind of theater that will show classic films, foreign language stuff, maybe do film series, etc. Instead of regular seating though, I’d do a mix of couches, cafe tables, serve some light bites, coffee, beer. Basement could be a separate bar. Make it more of a film club than just a theater. Maybe do bands/music on some nights. But yeah, you had me at Godard. And if we only had 500k laying around…

  15. carter says

    Love to have Barnes & Noble open a location with coffee, a la the one in Santa Monica. They did a nice job of re-doing the Studio City theatre in Studio City (named Bookstar). I realize new brick & mortar book stores are on the outs, but maybe, just maybe, B&N might figure out that it might be one of very few competitors in DTLA.

  16. corner soul says

    @Lawrence: I agree with a lot of what you are saying. There’s definitely room downtown for all the chains and a bunch of boutiques. But the smaller businesses will probably get pushed to Spring, Main and Los Angeles, as Broadway hits critical mass… I have no problem with that, the more the merrier!

    However, I think you’re being a little harsh on Pasadena and Santa Monica. Both of those cities have long had proper, 3-dimensional downtowns.

    Old Town Pasadena is more than just Colorado (see Green St., Union St., Raymond, etc. etc.) And it has been steadily bleeding into the Playhouse District and South Lake for years now, thanks to the gold line.

    And Downtown Santa Monica is also experiencing significant development by way of mixed-use housing and TOD, in anticipation of the expo line.

    These are smaller cities, but they are undoubtedly growing in an urban direction. It’s just not happening as rapidly as Downtown LA because these cities are more or less built out… whereas in LA, there’s still entire city blocks that are empty, creating more of a blank canvas for rapid urban growth to happen at such breakneck speed.

    I guess my point is, LA is polycentric, and mass transit is changing the *entire* region. While Downtown LA is becoming a 24/7 urban center for the greater region, the rest of our smaller urban centers are growing up too. It’s an exciting time to live in Los Angeles.

  17. Lawrence says

    @Corner Soul – Having lived in Pasadena, I know it quite well. It does have a very quaint downtown that has become a regional draw and my point is not to demean it in any way. Both Pasadena and Santa Monica are growing up and urbanizing, which is great to see, but they will always be limited by the fact that they are fully built out and surrounded by swaths of suburbs that are very anti-development and regularly obstruct progress.

    L.A. may be polycentric, but I have little doubt that a fully revitalized downtown that is commercially viable could be a primary draw for visitors to the region in the future. In the past, L.A. has been defined by its satellite cities who capitalize off of the name Los Angeles but shun being a part of it. We’re finally coming to a time in which the city of L.A. and it’s downtown may be a more defining part of the city and region’s identity, which is important.

    I agree that it’s an exciting time to live here. Lot’s of positive changes happening all over. IMO the transformation of Downtown and the transit infrastructure that links to it will have the greatest impact on the region and how it operates moving forward.

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