Construction and Operation
The Textile Center Building was developed by Florence C. Casler, a pioneering woman real estate developer and contractor. When the building was completed, Casler maintained her office there during the height of her career. In April 1926, the Los Angeles Times reported on the building's opening as follows:
"More than 6000 people were present at the formal opening of the new Textile Center Building, the new loft building on the corner of Eighth and Maple, built and owned by Lloyd & Casler, Inc., and catering exclusively to the wholesale garment manufacturers of the city."
As part of the grand opening, a fashion show was conducted featuring wearing apparel manufactured in Los Angeles. A $400,000 bond offering in May 1927 noted that the Textile Center Building had a total floor area of 88,704 square feet (8,240.9 m2) and was completed in January 2006 at a cost of $626,240.68. It stated that the building was 100% rented to 56 tenants with gross annual income of $92,584 against expenses of $22,394.61, for net earnings of $70,189.39.
The building was sold in 1945 for $450,000.
Read more about this topic: Textile Center Building
Famous quotes containing the words construction and/or operation:
“There is, I think, no point in the philosophy of progressive education which is sounder than its emphasis upon the importance of the participation of the learner in the formation of the purposes which direct his activities in the learning process, just as there is no defect in traditional education greater than its failure to secure the active cooperation of the pupil in construction of the purposes involved in his studying.”
—John Dewey (1859–1952)
“An absolute can only be given in an intuition, while all the rest has to do with analysis. We call intuition here the sympathy by which one is transported into the interior of an object in order to coincide with what there is unique and consequently inexpressible in it. Analysis, on the contrary, is the operation which reduces the object to elements already known.”
—Henri Bergson (1859–1941)