May Company Building (Broadway, Los Angeles) Explained

May Company Building
Nrhp Type:cp
Nocat:yes
Partof Refnum:79000484
Location:801 S. Broadway
Los Angeles[1]
Coordinates:34.0437°N -118.2549°W
Area:1100000square feet[2]
Built:1906

The May Company Building on Broadway in Downtown Los Angeles, a.k.a. Hamburgers/May Company Department Store[1] and the May Department Store Building, later known as the California Broadway Trade Center, was the flagship store of the May Company California department store chain. It is a contributing property to the NRHP-listed Broadway Theater and Commercial District.

History

By the start of the twentieth century, A. Hamburger & Sons had even outgrown their Spring Street location, which had 520 employees working on five floors.[3] The Hamburger family decided to build a much larger store at the southeast corner of Broadway and Eighth, a location that was outside of then current retail district. Construction started in 1905 with a grand opening held in 1908.[4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] This location, which was also known as The Great White Store, was the largest department store building west of Chicago at that time and would eventually become the flagship location for the May Company California. At the time that the Great White Store was opened, the store could boast of having one of the first escalators on the West Coast, several restaurants, a drug store with an 80-foot-long soda fountain,[17] grocery store, bakery, fruit store, meat market, U.S. post office, telegraph office, barber shop, a dentist, a chiropractor, a physician's office with a fully equipped operating room, a 1,000-seat auditorium, an electricity and steam power plant in the basement that was large enough to support a city of 50,000 inhabitants, a private volunteer 120 men fire brigade,[18] [19] of retail space, and 1200 employees.[20] [21] [22] [23] [24] The Los Angeles Public Library was also located on the third floor from 1908 until it was forced to move to a larger location when it outgrew the Hamburger space by 1913.[25] [26] [27] For a short time, Woodbury Business College briefly was also located on the fifth floor.[28]

In 1923, the Hamburgers sold their store to the May family of St. Louis for $8.5 million (~$ in).[29] [30] Thomas and Wilbur Mays, sons of the founder of the May Company, were sent to manage the former Hamburger store. One of the first things that they did was to expand the store again by building adjacent additions on the other parts of the city block.[31] [32] After several more years, the May Company store eventually occupied almost the entire block between Broadway and Hill and between Eighth and Ninth Streets. The old Hamburger store was officially renamed The May Company in 1925.[33] [34]

The department store closed in 1986 when May moved to the Seventh Marketplace and the building was turned into retail on the ground floors and a garment factory on the upper floors.[2]

In 2014 it was announced that Waterbridge Capital had agreed to buy the building for an estimated $115–130 million ; L.A. City Council member Jose Huizar indicated plans a mixed-use development to include offices, a hotel, stores and/or apartments or condominiums.[2] The acquisition by Waterbridge Capital and New York real estate developer Jack Jangana - Broadbridge LA LLC - was completed on August 20, 2014.

A spokesman for the company that helped broker the deal said plans include a 24-month renovation that will result in a "creative campus" similar to Twitter's headquarters building in San Francisco. The investors' goal is to create "one of the largest single tech centers" in the United States.

In early 2020, the building was still being renovated[35] when all construction projects in California were halted by order of the governor in March 2020 due to the COVID-19 pandemic. In April 2020, Waterbridge Capital and Continental Equities sought $251 million in bridge financing to replace $213 million in financing from Starwood Property Trust that was about to expire. In August 2020, having failed to secure the additional financing, they began seeking buyers for the unfinished building.[36] In November 2020, it was reported that the asking price was $425 million (~$ in).[37] After reports surfaced in April 2021 that the lenders were planning to foreclose on the property, it was announced that Starwood Property Trust agreed to extend funding for the development to the end of the year.[38]

Notes and References

  1. Web site: Hamburgers/May Company Department Store . . . .
  2. News: Former May Co. building in downtown L.A. to get revived after sale . . April 12, 2014 . Roger . Vincent.
  3. News: How a Big Department Store Keeps Track of Things; Mose Hamburger Gives the Public an Idea of How His Mammoth Establishment Is Conducted . . July 29, 1900 . 24 . 27 . 301 . . California Digital Newspaper Collection.
  4. News: Greatest Building Undertaking Here: Hamburgers Will Rear Three Fine Blocks on Broadway, Eighth, Ninth and Hill Streets, Costing, With Ground, Perhaps Three Millions . . July 29, 1905 . II6 . . subscription . .
  5. News: Hamburger's Celebration: Silver Shovel Turns Earth for Great Enterprise; Army of Joyous Employees in Big Street Parade; Start Made on Seven-story Department Store . . October 18, 1905 . II10 . . subscription . .
  6. News: White And Many-Pillared Mansion Of Commerce, Largest Building On Pacific Coast, Adds New Show Place To City: Palace of Trade Nears Completion . . May 31, 1908 . III1 . . subscription . .
  7. News: Great Store's First Drill: Hamburger Army Through Paces for Opening; Get Familiar With "Lay" of New Establishment; Many Delights for Shoppers Are in Prospect . . July 26, 1908 . V13 . . subscription . .
  8. News: "Acre" Store In Readiness: Hamburger's Open Tomorrow At New Location; Great Crowd Is Expected at the Start of Broadway Store, but Spacious Aisles Will Swallow Thousands Without Discomfort--Many Novelties Will Attract Attention . . August 9, 1908 . V17 . . subscription . .
  9. News: Big Expansion For Hamburgers; New Department Store With Great Floor Space . . July 30, 1905 . III1 . 32 . 302 . . California Digital Newspaper Collection.
  10. News: Money Making Combination; Hamburger & Sons Began In November, 1881; Rapid Growth Of Business . Los Angeles Herald . July 30, 1905 . III1 . 32 . 302 . . California Digital Newspaper Collection.
  11. News: Thousands See Imposing Parade; First Work Done On Great Hamburger Store; Biggest Retail Institution West of Chicago Is Begun With Celebration in Which Entire Force of Employes Takes Part . Los Angeles Herald . October 18, 1905 . II2 . 33 . 17 . . California Digital Newspaper Collection.
  12. News: New Hamburger Store; Owners Will Make Huge Department Emporium One of the Big Show Places of California . Los Angeles Herald . January 7, 1906 . 7 . 33 . 98 . . California Digital Newspaper Collection.
  13. News: Contract Let for Hamburgers Big Department Store; Pledges Of The Well Known Company Are Made Good . Los Angeles Herald . April 15, 1906 . 4 . 33 . 197 . . California Digital Newspaper Collection.
  14. News: New Hamburger Building, Eighth And Broadway . Los Angeles Herald . April 19, 1908 . 1 . 35 . 200 . . California Digital Newspaper Collection.
  15. News: Hamburger's In Great Building; Massive New Structure To Be Opened Tomorrow; Los Angeles' Latest Department Store A Marvel; History of Conception and Completion of Magnificent Mercantile Establishment—Architectural Triumph—Cover 15 Acres . Los Angeles Herald . August 9, 1908 . 6 . 35 . 312 . . California Digital Newspaper Collection.
  16. News: Hamburger Monster Store Thrown Open; Immense Stock And Staff Fully Installed; Building Replete with Latest Contrivances for Accommodation of Customers and Display of Different Lines of Goods . Los Angeles Herald . August 10, 1908 . 12 . 35 . 313 . . California Digital Newspaper Collection.
  17. News: Vincent . Roger . Former May Co. building in downtown Los Angeles is sold for $130 million . 23 August 2014 . . 22 August 2014.
  18. News: Fire Fighters At Hamburger's: Private Department Organized In Big Store. Manager John Budge Installs Five Companies in Building for Additional Protection for Stock and Patrons of Store--Al Keable Chosen Chief of the New Fire Department . . January 7, 1906 . II3 . . subscription . .
  19. News: Hamburger's Firemen Score: Chief Lips Reviews Drill at Big Department Store and Furnishes Special Feature . . March 20, 1908 . II3 . . subscription . .
  20. News: Hamburger's Big Store Celebrates: Thirty-Fifth Anniversary Sale To Mark Event; Started in Small Room on Main Street, Now Occupies Building with Thirteen Acres of Floor Space---History of the Great Emporium's Growth and Success . . October 29, 1916 . III_A15 . . subscription . .
  21. News: Story Of The "Big White Store . . April 1, 1923 . I2 . . subscription . .
  22. News: The May Co. Begins 50th "Golden Jubilee" Celebration Tomorrow: Ceremony Commemorates Founding of "The People's Store" in 1881 Golden Circulars Delivered to Homes Saturday Give Full Details of Values Believed to be Greatest in Store's History . . July 24, 1931 . 8 . . subscription . .
  23. News: May Company's Fete Plans Set: Golden Jubilee Celebration Will Open Tomorrow D. A. Hamburger, Founder, Scheduled to Speak; Horse Car of Early Days to Traverse Old Route . . July 24, 1931 . A5 . Gray . Olive . subscription . .
  24. News: Sale Marks Founding Of Store Here: May Company Celebration Opening Tomorrow Will Be Featured by Contests . . July 26, 1935 . 12 . . subscription . .
  25. News: Public Library Sill Move To Great Hamburger Building.: Expanding City Institution Will Have the Most of the Third Floor and a Roof Garden . . February 9, 1908 . V1 . . subscription . .
  26. News: Our Public Library . . February 9, 1913 . II6 . . subscription . .
  27. News: Library Gets New Quarters: Site 'Selected' Is in Heart of the city; To Occupy Three Floors of Big Building; Express Elevator Service a Feature . . April 10, 1913 . II9 . . subscription . .
  28. News: Students To Be Housed In New Hamburger Store . Los Angeles Herald . August 30, 1908 . 6 . 35 . 333 . . California Digital Newspaper Collection.
  29. News: Hamburger Store Sold: Millions Paid In Store Deal; Hamburger's Department Store Is Sold to Eastern Merchants . . April 1, 1923 . I1 . . subscription . .
  30. News: May Department Stores: Purchase of Hamburger & Sons Includes Long-Time Lease --Profits of Store $1,000,000 a Year . . February 26, 1923 . 16 . . subscription . .
  31. News: Hamburgers To Erect Addition: New Store Project to Cost $2,500,000 Structure to Join Present Property on South; Latest Features Provided in Architect's Plans . . July 27, 1923 . II20 . . subscription . .
  32. News: Buildings Announced: Hamburger's Department Store to Construct Addition; Many Other New Projects Planned; Los Angeles Sets Unprecedented Pace for Downtown Activity in Summer Months . . July 29, 1923 . V1 . . subscription . .
  33. News: Display Ad . . March 1, 1925 . B9 . . subscription . .
  34. News: May Company Holds Opening: Superb Floral Tributes Crowd Aisles Wishbone is Attraction at Main Entrance Owner Says House Builds to Fit Los Angeles . . March 3, 1925 . A2 . . subscription . .
  35. News: Omgivning and Spectra return L.A.'s Broadway Trade Center to turn-of-the-century splendor . . January 22, 2020 . Matthew . Marani.
  36. News: Waterbridge JV shops 1M sf DTLA mixed-use complex . August 14, 2020 . . subscription.
  37. News: Waterbridge Capital JV asking $425M for Broadway Trade Center . November 2, 2020 . . subscription.
  38. News: Starwood Extends Loan to Year-End on Massive DTLA Project: Updated . Greg . Cornfield . April 22, 2021 . Commercial Observer.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "May Company Building (Broadway, Los Angeles)".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.