Barrington Plaza

Barrington Plaza is an apartment complex in Los Angeles, California developed by Louis Lesser, which opened in 1962. At the time it was built, the New York Times called it the largest privately financed apartment project ever built west of Chicago and one of the largest projects insured by the Federal Housing Administration (FHA). It is located in West Los Angeles on Wilshire Boulevard.[1][2] [3]

Design

As originally constructed, the plaza consisted of a 27- and a 17-story building which contained 712 apartments. It also included retail and restaurant space, a 330,000-square-foot (31,000 m2) parking garage and a recreational building.[1]

History

Construction of the plaza cost about $20 million. The developers obtained a $16.7 million mortgage insured by the Federal Housing Administration.[1] The original developers sold the development in 1965, and shortly thereafter the FHA had to take over the property as the mortgage had gone into default.

In 1966, the US Senate Permanent Subcommittee on Investigations held hearings concerning Barrington Plaza, as the body probed into investments secured by the FHA.[4]

References

  1. ^ a b c "712-UNIT PROJECT FINISHED ON COAST". New York Times. 1962-09-23. pp. 349. 
  2. ^ [1]
  3. ^ "Apartment Approved as Official Fallout Shelter", Los Angeles Times, Oct 15, 1961, accessed 6 Dec 2009
  4. ^ "Senate Panel to Investigate U.S.-Insured Housing Units". New York Times. 1966-08-23. p. 24.