peachcake at the knitting factory by scott schultz

L.A. Times reports that Hollywood’s Knitting Factory—which the Times says spent $200,000 wrangling with city permits almost exactly a year ago—will not seek to renew its lease at its current Hollywood Boulevard location once it expires this October 31. Company CEO Morgan Margolis told the Times he is considering other L.A.-area locations, however:

Margolis said he’s been aiming to leave Hollywood since before the struggle to keep his permit began. “I’ve been looking two years now for the right space,” he said. “I’m looking all over — downtown, Silver Lake, Los Feliz, North Hollywood, Studio City. I’ve looked as far as Alhambra.

“I don’t want the community to think that the Knitting Factory is done in Los Angeles,” Margolis said. ”I’m looking, and have a couple deals on the table. If one of these goes through, there may be a full-on lateral move and no shutdown. It may just be a week or two changeover.”

But before anyone gets too optimistic, he adds, “Or it could be a year.”

Shows scheduled this fall should proceed normally until the lease is up. More info from the Times here.