This story is free to read because readers choose to support LAist. If you find value in independent local reporting, make a donation to power our newsroom today.
This is an archival story that predates current editorial management.
This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.
Spacey Buys a Biscuit for his 'Undiscovered talent' Pool
Actor and producer (okay, and sometimes director) Kevin Spacey has purchased a unit in Downtown's Biscuit Lofts for a cool $1.2 million.
The building came to be in 1925 and envisioned as the West Coast HQ for the National Biscuit Company. Its building cost was $2 million--a shocking price tag eight decades ago--and it was designed by EJ Eckel, the Dean of American Architecture and of the firm Eckel & Aldrich, according to the building's official website. The Biscuit Lofts' 2006 remodel created 1, 2, 3, and 4 story lofts inside the former industrial space, and now Spacey can count himself among the wealthy, trendy owners.
But Spacey won't be hanging his hat here, necessarily. He's purchased the unit not for himself, but for his Trigger Street Productions, the innovative production company he formed over ten years ago that gives a break to Hollywood neophytes desperately in need of one. It is not clear how Spacey and Trigger Street will pay it forward and determine who gets housed there, or when they will be moving in, but, as the LA Times indicates, Spacey's "purchase solidifies the hip factor of the Biscuit." Phew! Here we were thinking Downtown and its many re-purposed and remodeled old buildings like the Biscuit were totally uncool.
Photo of the Biscuit in 1925 via Biscuit Company Lofts
You come to LAist because you want independent reporting and trustworthy local information. Our newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our connected community. We are free to tell the full truth, to hold power to account without fear or favor, and to follow facts wherever they lead. Our only loyalty is to our audiences and our mission: to inform, engage, and strengthen our community.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Senior Vice President News, Editor in Chief
