Attorneys Kabateck and Geragos aim to do justice to Fine Arts Building
The new owners have long coveted the historic tower in downtown L.A. and plan to buy other such structures.
One of the most venerated structures in downtown Los Angeles, a richly embellished Jazz Age office tower honoring the fine arts, has been acquired by two high-profile attorneys for $23.5 million.
The aptly named Fine Arts Building at 811 W. 7th St. is now owned by Brian Kabateck and Mark Geragos, who last week announced its purchase from a Denver real estate partnership. The Los Angeles lawyers plan to take over almost half of the space on the top floor and rent the rest of the space in the 12-story building to tenants.
Kabateck and Geragos, whose clients have included singer Michael Jackson, have coveted the Romanesque Revival-style building for years, Kabateck said.
They already own and keep offices in a nearby former fire station built in 1912 known as Engine Co. No. 28. It has a restaurant of the same name on the ground floor, where some of the city's first motorized fire engines were once housed.
"After we bought Engine Co. we decided we loved older buildings," Kabateck said. "The real building we thought it would make total sense to own was the Fine Arts Building."
The Los Angeles Times called the Fine Arts Building "one of the finest business blocks in the Southland" when it opened in late 1926 with a private gala for thousands of guests.
The design reflected an era when sculpture was integrated into architecture as a way of expressing the meaning and purpose of a building, according to USC archives.
The builders hoped to attract tenants in arts-related fields, and elaborate display cases were built into the lobby to show off works by tenants, said architect Christopher Martin, a former part-owner and occupant of the Fine Arts Building whose family firm has been designing Los Angeles buildings since 1906.
"They thought the wealthy people who shopped on 7th Street would flock to it," Martin said.
The Fine Arts Building was designed by Los Angeles architects Albert R. Walker and Percy A. Eisen, who also created such well-known structures as the Oviatt Building downtown, the Regent Beverly Wilshire Hotel in Beverly Hills and the El Cortez Hotel in San Diego.
Claremont sculptor Burt Johnson, weakened from influenza and heart attacks, worked from a wheelchair to create several statues for the building, including a girl with a fish in the lobby and two giant figures representing Architecture and Sculpture that recline against ledges on the third story.
