When the Broadway store moved off Broadway

broadway.jpgThe date was November 16, 1973, and after 77 years at the corner of 4th and Broadway, the L.A. department store shut its doors. The next day, the Broadway opened at 7th and Flower, inside something called Broadway Plaza. Blogdowntown's Eric Richardson remembers the store's history:

On February 24, 1896, Arthur Letts took over operation of the failed enterprise, advertising a massive bankruptcy sale to move all of the store's previous wares within 30 days. Letts had a magic touch, and by 1911 the store had grown to four floors and 125,000 square feet. It wasn't enough, though, and in 1913 Letts leased three floors in the Clark Hotel on Hill Street as a temporary home during the construction of a new nine-story building with nearly 11 acres of floor space. The three-phased construction project wrapped in 1915. Only a few years later, the store expanded again, adding a height-limit addition on 4th Street that gave the store another 120,000 square feet of floor space.

Letts, who also headed Bullock's, suffered a nervous breakdown in 1923 and died a month later from pneumonia. The Broadway, which expanded throughout the Southwest and eventually became part of Carter Hawley Hale Stores, was taken over by Macy's in 1995.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing

New at LA Observed
On the Media Page
Go to Media

On the Politics Page
Go to Politics
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner


Advertisement
Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
LA Observed on Twitter and Facebook