| California Mart | |
|---|---|
 | |
| General information | |
| Type | Commercial |
| Location | Los Angeles, California |
| Completed | 1963; 1965; 1979 |
| Owner | David Lee |
| Technical details | |
| Floor count | 13 |
| 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.
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]
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]
U.S. Bank Tower, known locally as the Library Tower and formerly as the First Interstate Bank World Center, is a 1,018-foot (310.3 m) skyscraper in downtown Los Angeles, California. It is, by structural height, the third-tallest building in California, the second-tallest building in Los Angeles, the 24th-tallest in the United States, the third-tallest west of the Mississippi River after the Salesforce Tower and the Wilshire Grand Center, and the 129th-tallest building in the world, after being surpassed by the Wilshire Grand Center. However, the U.S. Bank Tower does surpass both the Salesforce Tower and the Wilshire Grand Center in roof height, making it the only building in California whose roof height exceeds 1,000 feet (300 m). Because local building codes required all high-rise buildings to have a helipad, it was known as the tallest building in the world with a rooftop heliport from its completion in 1989 to 2010 when the China World Trade Center Tower III opened. It is also the third-tallest building in a major active seismic region; its structure was designed to resist an earthquake of 8.3 on the Richter scale. It consists of 73 stories above ground and two parking levels below ground. Construction began in 1987 with completion in 1989. The building was designed by Henry N. Cobb of the architectural firm Pei Cobb Freed & Partners and cost $350 million to build. It is one of the most recognizable buildings in Los Angeles, and often appears in establishing shots for the city in films and television programs.
Brookfield Properties is a North American subsidiary of commercial real estate company Brookfield Property Partners, which itself is a subsidiary of alternative asset management company Brookfield Asset Management. It is responsible for the asset management of the company's real estate portfolio, including office, multi-family residential, retail, hospitality, and logistics buildings. Brookfield Properties acquired General Growth Properties, one of the largest mall operators in the U.S., and merged it into Brookfield Properties in 2018. As of 2024, Brookfield Properties operates corporate offices in nine countries around the world, including China, India, Germany and the US.
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