In an effort to attract a new long-term tenant on the land, some officials are interested in extending the lease period, currently a maximum of 20 years. In a motion to be considered by the Board of Supervisors, Los Angeles County Supervisor Sheila Kuehl said, ‘the department desires the successful bidder to construct an entirely new facility, which the department believes will require an agreement term of 40 or so years,’ The Daily Breeze reports.
Gladstones occupies a special and iconic bit of beachfront property at the intersection of Sunset Boulevard and Pacific Coast Highway. Over the years, it’s been an LA staple for its family-friendly atmosphere, prime sunset vantage point, and tinfoil creatures full of leftovers. Serving traditional seafood fare like clam chowder, steamed clams, and lobster tail, the restaurant used to be a high-grossing establishment since its founding in the ‘70s. After a scathing review in The Times in 2008, Gladstones partnered with Sam Nazarian and his company SBE (Katsuya, Bazaar at the SLS, and XIV) to revitalize and rebrand the restaurant. Unfortunately, it never quite bounced back.
The restaurant is still taking reservations and will work with the city to remain open during this process, so you can still get your steamers, foil art, and peanuts for a while. A message on the restaurant website reads, ‘Despite what you may have heard throughout the media, at this present time, there is no set closure date for Gladstones Malibu.’ The restaurant will continue to take reservations and event inquiries.
A spokesperson for the County of Los Angeles told Eater LA, ‘The County is obligated to allow an open, competitive opportunity for a new lease. ANY operator – including the Gladstones group – may compete for the new lease.’ They also note that ‘The County had worked with Gladstones to assure that it may remain in business throughout this process, despite the eatery’s declining revenue.’