Description: Downtown LA's newest adaptive re-use residential project brings classic style and modern reality to the Fashion District with historic flair. Newly open, Maxfield Lofts is sure to impress.
This Art Deco style building was built in 1925 for Allen Maxfield. He was a Banker from Arkansas who used the Maxfield building to house his business operations, Maxfield & Co., a wholesale textile and dry goods company and factory. The LA Times once described Maxfield as a pioneer in the textile trade due to the manufacturing and later the financing for the garment industry.
In addition to his garment business, Allen Maxfield was also a member of the Board of Directors for the Seaboard National bank, which took up the 3 bays of retail space on the first floor. He was also the Director in Charge of the branch; through his experience and father/grandfathers working in the banking industry. The bank specialized in loans to garment manufacturers and development of financing the garment industry, resulting in the emergence of the industry as an international economic powerhouse. It'
Bank of America purchased Seaboard in 1936 because of the substantial value. Each suite above the main floor served as a corporate office for over 100 manufacturing companies. Customers would call into the main phone line located in the lobby of the building and the operator would transfer the call throughout the building offices. The corridors are significant with solid wood doors, door frames, and commercial inspired transoms.