The Broadway Trade Center which is over 1 million square feet and almost stretches a full square block from 8th to 9th on Broadway was purchased by New York real estate firm Waterbridge Capital earlier this year for an estimated $115 -130 million. Credible resources reached out to us through back channels reporting Apple Corporation has signed a several hundred thousand sf lease!!
Talk about Downtown LA game changer! The impact of the Blackstone Apartments and Ace Hotel (each around 100,000sf) to the 9th & Broadway corridor has brought numerous restaurant and retail tenants to the corridor such as Acne Studios, Urban Outfitters, angelo:HOME, Umami Burger, Om Nom Organics Market, Aesop, Big Gay Ice Cream, Kinfolk Studios, Tanner Goods, A.P.C., 1810 restaurant, and OAK NYC (just to name a few)….imagine what several Hundred Thousand SF Apple Corporation will do for the area!
Rumors swirling are Apple Corp will have a campus in the building with multiple uses such as office space, residential, and retail. There is also talk of Apple opening up a branch for their recent 3 Billion dollar purchase of Beats By Dre, which is a critically acclaimed subscription streaming music service, which makes the popular Beats headphones, speakers and audio software.
The Broadway Trade Center opened in 1908 as the Hamburger department store, the building sold clothing and home furnishings and featured a soda fountain, restaurant, grocery store, post office and roof garden. The third floor also housed the L.A. Public Library for a few years. The department store grew even bigger after its 1923 purchase by the May Co., a St. Louis department store chain. Additions made by May Co. include a nine-story tower connected to the original five-story structure and a garage at 9th and Hill street.