Spring Arts Tower

Spring Arts Tower is located in the heart of Downtown Los Angeles’ Historic Core and is the hub of this great city’s Gallery Row. Spring Arts is a few short blocks from the Artist, Jewelry, Flower and Fashion Districts, the courts and government agencies, the Financial District, and the Pershing Square subway terminal. And best of all, we are located in both Federal Empowerment Zone & State Enterprise Zone. A move to Spring Arts Tower could mean potentially saving tens of thousands of dollars through tax credit & incentives.We offer for lease twelve floors of architecturally spectacular suites, offices and artist workspaces encompassing nearly 193,000 rentable sq ft.

Our Citizens include 100+ creative companies and independent artists, designers, architects, photographers, painters, production companies, and ad agencies. Our retail tenants include The Crocker Club – a spectacular bar/lounge in the main vault/safety deposit room, five galleries, and a cafe on our ninth floor – Cafe 9. Spring Arts also boasts 3 standing film sets that have been used for countless films, television programs and commercials.

The streets of the Historic Core are the birthplace of modern Los Angeles and are on the National Register of Historic Places. Walking these streets, we experience our City’s living history. On the west end, there is the awe-inspiring Broadway Historic Theater District, the largest in the country. These large movie palaces catered to the live stage productions and Hollywood’s movie industry. Walking one street to the east, we encounter the Historic Spring Street Financial District, one of the nation’s west coast banking portal often called “the Wall Street of the West.” These streets were the catalysts to the development of the nation’s second largest metropolitan downtown.

LA Times July 26, 1914: “The building, which will, with its appointments, cost more than $1,000,000, was planned by Architects Parkinson and Bergstrom and is being built by the Commercial Fireproof Building Company, as owner… The big block will extend to the full height allowed by law and will have a frontage of 155 feet on Fifth Street by 115 feet on Spring. On the eleven upper floors will be 450 offices. The exterior will be handsomely faced with terra cotta and the interior is to be finished in marble and tile.”

Construction records were broken. The last of the antiquated buildings that formerly covered the corner was removed in less than twenty-four hours on June 7th and 8th, 1914. The original anchor tenant, Citizens National Bank, occupied the basement and the first three floors of the building. The LA Times reported of the magnificent opening of the bank, less than a year later, on April 10, 1915, “The officers of the bank, from the president down to the various tellers, shook hands steadily for hours. Bankers and men of affairs by the thousands were on hand to extend their congratulations and to praise the new rooms. All were cordially welcomed and stayed to inspect the bank and to listen to the music of an orchestra concealed behind a bank of flowers in the cashier’s quarters. All afternoon and evening the crowds swarmed through the various departments.”

In 1905, architect John Parkinson formed a partnership with G. Edwin Bergstrom which lasted for ten years. Parkinson and Bergstrom became the dominant architectural firm for major structures in Los Angeles. Parkinson designed many of Los Angeles’ finest buildings, which became some of the city’s most enduring landmarks.

Found on the impressive roster are: the Campus Master Plan and several noted buildings of the University of Southern California, the Los Angeles Memorial Coliseum, Los Angeles City Hall, the Alexandria Hotel, Castle Green, the Brewery and Union Station. Edwin Bergstrom would go on to design the Hollywood Bowl, the Pasadena Civic Center, and the Pentagon in Washington.

The Crockers took over operations in November of 1963 and the bank became Crocker Citizens National Bank. The Crocker Bank was then the 14th largest bank in America. They were bought out in 1986 by Wells Fargo who would never have a branch here at the building.

The Crocker legacy has endured and the Crockers remain an important family in American history.

Charles Crocker was one of the four principal investors along with Mark Hopkins, Collis Huntington and Leland Stanford (also known as the Big Four) who formed the Central Pacific Railroad the company that built the western half of the Transcontinental Railroad in North America which united the Atlantic and the Pacific and opened up a new highway between Europe and Asia. Crocker managed the actual construction of the railroad. He overcame shortages of manpower and money by hiring Chinese immigrants. He set records for laying track and finishing the project seven years ahead of the government’s deadline.

With this success, Crocker’s business activities reached a new level. He became president of the Central Pacific Railroad, helped connect San Francisco to Portland by rail, became involved in banking and northern California industry, and made even more money as a real estate speculator. He was an early proponent of the massive irrigation projects which eventually transformed California into a fruit and vegetable growing center.