New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-10-31
[coptinued from The Tribune of Oct d

Tbe great avenues of trade adjacent to Broad
,,,av are undergoing series of important changes
Front. Water, South, Pearl, Cedar, Pine and mum
hers of other streets in the First, Second and
Third " ards are being rapidly renovated and I'M
moved in value and appearance Nassau, w II"
liam ard Gold SITS arc also receiving important
editions to their business facilities
tis in contemplation to construct range OF
apacious and substantial Warehouses III the lower
mart of Greenwich and Washington sts.-now oc-
cnnied BY Emigrant boarding houses and the like.
Petitions for raising the grade of these streets
will probably be brought before the Common
Counc in the course of a few weeks. This I'm
movement is very desirable.
THE LOWER WARDS.
No. l6l Greenwch-st. lately occupied as small
store has been improved by the erection OF ca
pacous warehouse, finished in handsome style,
with iron fronts, etc. Nos 152 and 267 have re-
ce;yed various internal renovatons. Other build
ipgs in this vicinity have also been remodeled.
On the corner of Cortland and Greenwich SITS.
Ave handsome stores with brown, stone fronts have
recently been erected, making great improve
7nent in that portion of these streets They occupy
4he site of the old wooden rookeries.-Ihe old
aR6chester Hotel" in Cortland st. has also been
demolished to make room for handsome store
owned bysWm. 2. Lee and erected at cost OF
$4,000
No. 40 Cortland.st formerly large dwelling
house, has given place to a range OF stores
number of valuable improvements have been
made in Deyst Nos Is and II have been trans
formed into two new brick stores of elegant finish
o. feet front and Is deep with brownstone fronts
No. Is is owned by Louis Fellows, ESQ., No Il
by Messrs j & I. Cox. These stores cost @l2ooo
each and are very substantial structures-Nos'
80 and "a same street, are two tine stores nearly
comnleted, also owned by Mr.. Fellows. Nearly
all the stores lately erected IN this street occupy
fhe sites of former dwellings, number OF when
were fine. commodious buildings. Downtown is
fast becoming al exclusively mercantile section.
On the corner of Dey and Greenwich SITS. the
new ediGce intended for the North River Bank is
underrapid headway
In MuIray.st. q number OF minor improvements,
with few new buildings, have been erected
Warren-st has also given way to the march OF
Improvement, and presents several handsome ad-
sitions to its former rows OF substantial buildings
In Reade-s variety of improvements are 60
ing on -Four brick buildings have been erected
by VIM e. Burton, with rooms communicating
with the Theater on Chambersst. A five-story
building near the corner of Broadway and Reade-
st. is being erected for Mr.. Gemmel. Nos. 25, ~,
81 81 SO, 90, and Others are receiving internal re-
novaton On the west side of Broadway, Mr.. La
FARCE is constructing tve-story building to abut
on his stores in Broadway; to be occupied for
stores and Offices.
We had occasion, some months since. to allude
to the demolition Of the City Hotel, in the lower
part of Broadway, aud have now to chronicle the
disappearance of another the old Knickerbocker
landmarks After an existence OF more than q
auif-vvntury, (dutiny back to 1882 the Park The
uteT has finally been annihated. In its stead has
risen range of spacious and elegant warehouses,
ahe property of VIM. b. Astor and Messrs. | N. &
J.I Phelps. These stores are four in number
each $50 feet deep PSI feet wide, and five stories
high with Easements, undercellars and vaults.
The fronts will be entirely Of brown stone not
backed with brick in the common manner, and fin
lshed in the Tuscan style, with ornamental trusses
capitals heavy stone cornices, etc. The principal
story ofeach building will be fitted up with iron
shutters and ornamented with Corinthian pilasters
and trusses The Windows will be plate glass, will
iron shutters inside. The first, second and thirt
stories will be furnished with iron box, pilaster
and granite lintels, the boxes receiving the shut
scrs the arrangement being so contrived that
considerable space is left between the outsid
shutters and the window sashes, affording ampl
security against fire and burglary. The roof {
each story will be finished with center skyligl
of iron 10 BY 80 feet, SO formed as to light all tn
floors to the basement, Large vaults and safe
are constructed under the street. The sub'bas'
mcnts will be sufficiently lighted to answer &c
sales rooms.
An additional warehouse, owned by Seabur
Brewster has been commenced since the walls {
the four aforementioned were raised The neN
Building will be finished in precisely the sam
gtyle as the others, making the entire row con
prise FIVE elegant structures, Nos q and 20 ar
owned by Messrs. Phelps Nos % and p by NJ
.Astor; and the remaining building, No. 81, by NJ
Brewster. We understand that all are ntende
for the Dry Goods business, and that severe
leases have already been taken by extensiv
firms.
The interior OF these stores will be IN keepln
with the exterior, They will be fitted up wit
furnaces, gas and Croton water, and finished
she most approved and elegant style The co
of each will be about $4,000, or $l25ooo Tor tt
row-exolusive of the value of the ground III
architects are Il. Thomas X Son
A number of other improvements are in contei
pation in parkRow. They Will be chiefly store
In Cedar William and Gold SITS, number
alterations have been made, but none OF any gre
extent,
In pearlst Nos 249 and psi have been replace
by two large brown-stone warehouses tive stori
in hight. owned by H. Carey
In Nassau-st the new block between Fult'
IL Az, s.s hns made q desirable improyeme