Leo Pustilnikov of Builder’s Remedy fame defaulted on a $37.5 million loan connected to a retail spot on Santa Monica’s Third Street Promenade. Entities connected to Pustilnikov, Ely Dromy and Eli Taban are past due on about $39 million as of early November, according to Los Angeles County records. The five-story, roughly 30,000 square-foot property at 1315 3rd Street Promenade is minutes away from the pier and home to Holey Moley, a mini golf-and-cocktail bar scene that has another location at Irvine Company’s Irvine Spectrum. Pustinikov and his partners appear to be scouting for additional tenants with a brochure via […]
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