The route for Waterbridge Capital and Jack Jangana to redevelop the Broadway Trade Center, measuring 1 million square feet, in Los Angeles has been made possible by Canyon Capital Realty Advisors LLC and its partner Hudson Pacific Properties Inc.
Broadway Trade Center was completed during 1908. The nine-level building originally housed A. Hamburger & Sons department store until the property was purchased by May Co. during 1923. Under this ownership, the retail store remained until the middle 1980s when the structure turned into a multi-use retail trade center. Now, more than one hundred years later, the building is set to start a new life.
It is the intention of Waterbridge and Jangana to change the traditional property into a premier site which will offer retail space on the ground and second levels, along with office space that will bear in mind the building’s historic architecture.
A director at Canyon Capital, Charlie Rose, stated their pleasure at being involved with this project set to transform the building.
The initiative is designed to support students in repaying their education loans.
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