Nine months after first arriving (and following a massive interior reconstruction effort), it looks like there’s some more shake-up at The Lost Knight in Echo Park. According to The Eastsider, landowners for the property are hoping to unload the building onto someone new, to the tune of around $5.5 million.
What that ultimately means for The Lost Knight itself seems unclear, though the restaurant owners (which include Paul Moore of Potential Entertainment) are adamant that they have a long term lease in place and don’t plan on going anywhere any time soon. That would make this a property sale only, sort of akin to the Ace hotel deal from a while back that kept Downtown restaurant L.A. Chapter in place.
Since opening around the new year, The Lost Knight has seemingly struggled to find a large enough audience in Echo Park, partly due to its cavernous space — the building was formerly the equally massive Barragan’s Mexican restaurant for more than half a century — and its slightly elevated price point compared to the neighborhood. Opening operations director Mary Thompson, who left Koreatown's St. Martha to join on with The Lost Knight, also quickly departed the restaurant to become the overall beverage director for The Line Hotel.
There’s no denying that the restaurant, which comes in at over 6,000 square feet across two floors and an admittedly charming back patio, is full of possibility, and with new property owners perhaps The Lost Knight can make a bigger play for the almighty local dollar.