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Marie Callender's in Toluca Lake to be Replaced by Chase Bank Branch

According to a report, the bank paid $4 million for the property.

at 10050 Riverside Dr. in Toluca Lake will be replaced next year by a Chase Bank branch, according to a report in the Los Angeles Business Journal.

According to the report, the bank paid $4 million for the property. The decision to sell the property may be related to the fact that the Memphis-based Perkins & Marie Callender’s Inc., which operates the chain of restaurants, filed for Chapter 11 bankruptcy in June, according to the Orange County Register.  The announcement in June came with the sudden closing of 58 restaurants, including 31 Marie Callender's. The closures were so sudden, some diners were forced to leave while they were still eating, according to the Register.

LABornAndRaised December 19, 2011 at 07:08 PM
That's the last thing that area needs. It should have been replaced by something to complement the boutiques and flavor of Riverside Drive. Sigh.
Dick Carter December 19, 2011 at 09:55 PM
No boutique could afford $4Million. Probably will be a relocation of an existing branch nearby.
Jack M December 19, 2011 at 11:33 PM
Great! Just what Toluca Lake needs - another Bank!
Denis Higgins December 21, 2011 at 03:18 AM
Terrific...so where am I going to redeem all these pie tins?
Mom December 22, 2011 at 03:51 AM
I think that is an awful idea. What happened to the unique Riverside Dr.? It's now turning into Wall Street. Yuck
Jean December 22, 2011 at 06:38 PM
The property and the business were listed for a while at $4.5 million. I guess no one else but the bank could afford it. Too bad it can't stay. My 85 year old aunt is going to miss her chicken pot pie! :(
zapple December 22, 2011 at 09:37 PM
What a dreadful state of affairs... that Marie Callendar's, a staple in the community for years, has been pushed out by yet another "unsavory" greedy giant Bank. What about a Mimi's or some such other heart warming eatery... Don't forget, this used to be "Restaurant Row" of the east valley? More greed for the stockholders.. such a shame...
Steven Castaneda December 30, 2011 at 05:32 AM
Went out for some pie tonight and that place was GATED UP! ITS CLOSED! ITS OVER! VERY SAD! It was a nice place to eat and the pie wasn't bad....as if pie COULD be bad! Again...SAD!
Karen Aguilar January 10, 2012 at 10:56 PM
This Marie Calendars has been a mainstay of Toluca Lake and use to be a great spot to see old Hollywood actors that lived in the community! Of all things another bank! Too bad the city council didnt vote to keep the flavor of that area! I loved their tomato vinegarette dressing which was specific to them, and of course their pies! We will miss it greatly!
John Doe January 24, 2012 at 07:52 PM
Just so the truth gets out, I felt a need to comment. The u fortunate truth is that the restaurant wasn't "pushed out" by anyone. I was employees at the Glendale location for over 7 years and the two restaurants shared ownership. Throughout my tenure it was clear that the owners had none of the love and respect for the community institution that staff and regulars did. We watched as our restaurant deterioriated and constantly heard similar sad stories from our sister store in Toluca Lake. They had been trying to sell for years and didn't have the decency to inform their employees of the closure, the staff found out from the Internet. The former owners have a long track record of slim-lord accusations and convictions through their various other properties and it shows in the heartless way in which this closure took place. The corporate bankruptcy had nothing to do with it as Toluca and Glendale are both franchised locations. Please make the drive to Sherman Oaks for your pie needs rather than give any more of your money to these unfeeling people.
Bob Peppermuller February 11, 2012 at 05:24 PM
That place went to seed long ago. Won't miss it. There are lots of good alternates all over the SE Valley and Burbank.
Bob Peppermuller March 02, 2012 at 06:07 AM
Forgot one thing. TL is getting back what was once there across the street and down a block or so. Coast Savings which became Home Savings which became WaMu (and moved to Lankershim/Riverside) which became Chase which now comes back to TL.
Micheal batten May 01, 2012 at 10:48 PM
Cool another bank, awsome!

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