California Mart

The California Mart, also known as California Market Center, are three high-rise buildings in Los Angeles, California, USA.

California Mart
General information
TypeCommercial
LocationLos Angeles, California
Completed1963; 1965; 1979
OwnerDavid Lee
Technical details
Floor count13
Design and construction
ArchitectNorma Merrick Sklarek

Location

The buildings are located in the Fashion District of Downtown Los Angeles.[1] The main entrance is on Olympic Boulevard, between Main Street and Los Angeles Street.[1]

History

The California Mart was built for Harvey and Barney Morse, two brothers from New York City who started a clothing factory in Downtown Los Angeles in the early 1960s.[2][3][4]

The three 13-story buildings were designed in the modernist architectural style.[5][6][7]

The first building, located at the intersection of 9th Street and South Los Angeles Street, was completed in 1963.[5] It is 13-story high.[5] The second building, located on South Main Street, was completed in 1965.[6] The third building, located on Olympic Boulevard and Main Street, was completed in 1979.[7]

The buildings were owned by the Morse family until 1994, when it was foreclosed and acquired by the Equitable Life Assurance Co..[2] They were listed for sale in 2000,[2] and they were acquired by the Hertz Investment Group, chaired by Judah Hertz.[8] In 2004-2005, the building complex was sold to the Jamison Group, owned by investor David Lee, for US$135 million.[9][10] Brookfield purchased controlling interest from Jamison in 2017, for $440 million.[11] In November 2018 Brookfield unveiled renderings for a $170 million overhaul of the property.[12][13]

References
  1. "California Mart". Dana and David Dornsife College of Letters, Arts and Sciences. University of Southern California. Retrieved May 11, 2016.
  2. Sanchez, Jesus (January 15, 2000). "California Mart, L.A.'s Apparel Hub, for Sale". The Los Angeles Times. Retrieved May 11, 2016.
  3. Appelbaum, Richard; Bonacich, Edna (2000). Behind the Label: Inequality in the Los Angeles Apparel Industry. Berkeley, California: University of California Press. p. 74. ISBN 9780520217690. OCLC 42960500.
  4. Bender, Daniel E.; Greenwald, Richard A. (2003). Sweatshop USA: The American Sweatshop in Historical and Global Perspective. New York: Routledge. pp. 159–160. ISBN 9780415935609. OCLC 52166009.
  5. "California Market Center A". Emporis. Retrieved May 11, 2016.
  6. "California Market Center B". Emporis. Retrieved May 11, 2016.
  7. "California Market Center C". Emporis. Retrieved May 11, 2016.
  8. "Nevada Denies L.A. Developer Gaming License". The Los Angeles Times. December 21, 2000. Retrieved May 2, 2016.
  9. Vincent, Roger (November 12, 2004). "Major L.A. Landlord Buying California Market Center". The Los Angeles Times. Retrieved May 11, 2016.
  10. Vincent, Roger (April 30, 2005). "California Market Purchase Is Completed". The Los Angeles Times. Retrieved May 11, 2016.
  11. Vincent, Roger (June 6, 2017). "New York landlord Brookfield takes over giant L.A. fashion mart". Los Angeles Times. Retrieved November 15, 2018.
  12. Sharp, Steven (November 9, 2018). "Brookfield Unveils Plans for $170-Million Overhaul of California Market Center". Urbanize LA. Retrieved November 15, 2018.
  13. Vincent, Roger (June 16, 2019). "Landlords rip out escalators and walls to attract tenants like Google and Netflix". Los Angeles Times. Retrieved June 17, 2019.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.