California Mart

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California Mart
California Mart
General information
TypeCommercial
Location Los Angeles, California
Completed1963; 1965; 1979
Owner David Lee
Technical details
Floor count13
Design and construction
Architect(s)Norma Merrick Sklarek

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

Contents

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. 1 2 "California Mart". Dana and David Dornsife College of Letters, Arts and Sciences. University of Southern California. Retrieved May 11, 2016.
  2. 1 2 3 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. 1 2 3 "California Market Center A". Emporis . Archived from the original on June 10, 2016. Retrieved May 11, 2016.
  6. 1 2 "California Market Center B". Emporis. Archived from the original on June 10, 2016. Retrieved May 11, 2016.
  7. 1 2 "California Market Center C". Emporis. Archived from the original on June 10, 2016. 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.

34°02′26″N118°15′20″W / 34.040532°N 118.255427°W / 34.040532; -118.255427


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