Development of the botanical garden slowed down during the Great Depression, and, by 1935, all building ceased. Bondholders of Garden Foundation, who held the original pre-depression mortgage of $4,000,000 for the entire in Mandeville Canyon, restructured as the Garden Land Company and became the new stockholders. The canyon floor was subsequently subdivided as far as Chalon Road and the first homes were started. Headquarters and sales offices for the Botanic Garden Park was located at 1727 Mandeville Canyon Road. This address later became the home and gardens of the well-known actor Richard Widmark.