New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-04-09
THE CITY.
Arch,fecrurnI Imprevements.

ton Of dwellings other than hrstclass, and
larger number OF new commercial houses, than
in any former year, with perhaps the exception OF
1850. The lower Wards of the City are being
rapidly transformed into purely business localities,
and the fex dwellings which have 80 long with
stood the march Of Commerce are fast giving
way before it.
The improvements now IN progress or IN con-
temptation may be briefly sketched as follows
On the line Of Broadway, there are to be many
substantial additions to the value Of property
Stewards marble building, occupying the entire
block on Broadway, Reade and Chambers sts-, IL
finished outwardly, and is receiving its interior
decorations and arrangements. Ii will be thrown
open during the Summer or early in the Fall
The "New.Epgland Hotel" adjoining the grounds
of Trinity Church, has been purchased for dry
goods warehouse of magnificent dimensions. The
owners are Messrs. Buckley Claim. The
fremont Temperance House will likewise DO
replaced by a dry goods store. The property was
sold for the sum of slO50OO. The " Franklin
House." another old landmark OF the City, has
undergone q commercial metsmorphosls, and now
forms a handsome range Of stores with iron fronts
on TWO floors. At the cofner of Broadway and Lii
berty at alarge brown-sone building is to DO erect
ed for Mr. John X. Henick IL ia to be five stories
high, with both fronts OF stone 25 feet in breadth
and Us feet deep. The purchase of the north cor
ner of WalLst. and Broadway, for the new Bank
of the Republic" we have before announced. The
elegant structure to DO erected on this site will
increase the value OF the property to the amount
of $500 OOO The Broadway House, the former
Wing Headquarters at the corner Of Grandst.
and Broadway, has been sold for 100000. Messrs.
Brooks Brothers are the owners, and will erecta
new and handsome building on the site. The lot
is 100 feet square. A four-story building for the
Broadway Bank, to be 100 feet deep, and built
in the Gothic STYLE is to be erected on the corner
of White.st. and Broadway. Thompson's Con-
dictionary, near Park place, is also to give way to
dry goods store, TO be erected by Messrs. Tracy,
IrwiHs x Co. Other improvements in the great
tboroughiare are in contemplation, but few are
vet commenced; we shall recur TO them on future
occasion.
The present entrance to the Broadway Taber.
nace, with the adjoining lot, has been purchased
by member Of the Church, on private account,
for tn e purpose Of securing to the congregation
permanent entrance. The cost OF the lots was
$40 OOO and two spacious stores with stone fronts
sre to be erected upon them a passage-way OF
ample width and neat architectural appearance
being reserved for the Tabernacle.
1t is in contemplation to erect another Chapel
of Trinity Church in the upper part of the City
The plans are not fully completed, but, Judging
from the elevation, the edGce will be great or
nament to the City. 1t is in the early English
style, and will be finished in a rich and costly
manner. The relations of the Chapel to the
Church viii be similar to those sustained by the
present Chapels-St Pauls and 6t. Johns.
The New-York Historical Society are engaged
in preparing the plans for their new Fire-proof
Library huIiai~s T.- ai-s>-.io-- IN he 20
feet front by about l37 in depth.
The new Bank OF the People has fitted up
a spacious brick building in CanaLst. near Hud-
son. with accommodations in the basement for the
Peoples Fire Insurance Co."
Niblos mammoth range Of stores Garden and
Hotel is going forward with considerable ra-
pidity. The entire front on Broadway is Of brown
stone, and imparts & very pleasing effect.
The new Chatham Bank will be located at
the corner Of Duane and Chatham sits. The lot
was purchased by the Directors for s26, 900, and
handsome structure will soon be put up.
The congregation Of the Duane.street Presby.
terrain Church have abandoned their ediice on
account oil its bad location, and will remove to q
new structure to be erected at the corner Of Fifth
avenue and Min eteenth-street. The old building
in Duane street is to be occupied as a Sugar
house The price paid by the Church for the
up town property was s32,5Oo.
Dey street will shortly be widsned ten feet
The buildings on the sOuthery side are to be re-
moved and several new stores will be erected
Two of these will be built for Mr. Becar, three for
Mr.. D. d. Peyser, one for Doremus & Nixon,
and one for Mr.. McGrorty. We believe it Is in
tended that some of these shall extend through
TO Cortland. street.
The widening Of Liberty-street has not been
definitely determined but large number of lots
have changed hands at greatly advanced rates
and several spacious stores will soon be erected
The Thompson estate was purchased By Messrs
Phelps Co., druggists, for $4,000, the lot being
90 by 1870 feet the new building TO be erected
will be occupied by the owners. The four lots on
the corner Of Washington and Liberty streets
known as the Patten estate, have been purchased
for ss4, 500. The purchaser 10 a wholesale grocer,
who intends to build new stores.
In Park Row. the improvement commenced last
year is nearly completed, and adds much to the
value Of the property. The ate Of the Park The
ster is occupied by a range Of five superb ware
houses, which are already partly occupied
Messrs. Bangs, Brother & Co. have erected spa
cious and handsome five story building thes Same
street, which is occupied for their own business.
The Atlantic and Sun Mutual Insurance Com
psnies intend erecting a large and elegant struc
ture on the southwest corner Of Wall and Viii
liam ats The first floor Of the building will DO
reserved for their own use, and the upper stories
will be rented for Offices. The lot 10 large, ex.
tending ss feet on William.st., and IS feet on