Philippe Chow on Melrose never fully received the attention it craved, and word on the street is that the restaurant is on the market for ONLY 400k with a full 47 liquor license and a brand new kitchen. That's 4,000 square feet only one block away from Ink. [EaterWire]
Update: Despite the fact that real estate brokers and restaurant insides have confirmed the aforementioned, the owner of Philippe LA would like to add: "The rumor regarding Philippe LA being for sale is 100% untrue. We are currently in the midst of organizing a huge 2-year anniversary celebration in October. Philippe continues to enjoy its success in LA catering to our loyal patrons and A-list clientele."