New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-04-12
A GREAT BROADIVA Y BLOCK.
THE IoUITABLE'S HUGE BUILDING.
THREE MILLIONS TO BE SPENT FOR EXTENSIONS
AVID IMPROVEMENTS.


AND IMPROVEMENTS.
By Nav I. 1887, the new building Of the
Equitable Life Assurance Society viii be completed,
making largest mprov enents that the recent
Of active building In broadway has Witnessed The
work OF tearing down the old buildings that surround
present OF the society Will be begun IN
three weeks rs the leases expire May and thereafter
the work will be pushed night and day In such an I'M
dertakng IT is economy to quick construction
In order to make the loss OF Interest on va
cant reni-room small as possible. The
law library being removed to the old building In Pine
St. 80 that tenants disturbed will have the
full use OF 1t during the construction IL Is this adj
vantage which enables tho society 10 extract higher
rents from lawyers than It otherwise could got The
library being put the gallery floor OF the old build
Ing but will be reached from the third floor OF the
structure.
The primary object OF the society I'm entering upon the
Improvement to much needed room for its
business, but the rents that will be received from
the completed will be creator In proportion TO
tho capital employed than at present. aud vii
mako the Investment safer and moro profitable
one for the society than any open its funds More
than the present renting space Of the Equitable
Building viii DO secured and tho socetys oiices-which
will continue to monopolize tho third noor-wil he
doubled In capacity. Counting In the cost OF the
land, tho expense Of tho Improvement IT Ia said.
will exceed So 900 600 Tho present structure has
st. distance Of 223 feet and has at the rear narrow
wing fronting On Pine-s When the projected work is
completed, instead OF somewhat rambling structure
there viii be thoroughly symmetrical ana massive
building. with spacious entrance reaching through to
central that Will give light and air to the entire
edihcc.
The new building which will cover the entire
block bounded by Broadway and Nassau, Pine
and Cedar sts. excepting the two buildings at
the corners Of Nassau and Pine, and Nassau
and Cedar SITS, will have frontage using
round gures) OF GO feet Broadway. The Nsssau-st
front will be ~ feet The distance extending down
Pine-st down Cedarst Will be 220 feet The present
style Of architecture will be followed by the architect.
George T. Post had charge OF the construction OK
the existing building, some decided TIE ROOF
and roof lines however. VIII be made. inc entire man
sard part the will be removed the new roof VIII
be carried around AT the same height excepting he CEN
ra part ~ the Broadway 'front.' abont 90 feet wd mere
will be carried up central pavilion above inc
main roof urnshn additional stories so far as the
the main cornice Will not changed. but it WI he
carried around the other streets. The structure
a, reouiring less time 70 dry than bicK The present
entrance will become a window. The new entrance,
which will take IN part of DemoncoS present entrance
VIII consist of large archway built entirely . OF
each story of the Broadway front double the present
rea e' The present from
main entrance viii lead FROM Broadway. through hail
twenty feet wide lea and xieen feet hIsh distance Of
forty-Seyer feet from the vestibule to the
will also be access to the from Nassst through
a hallway twelve feet wide and fourteen feet hlgh ana
also FROM Pnesl. through hall way OF the Same pro-
portions. As there Is a hallway through the new
Astor building from Pine-st 10 Wai!'st,, -.
convenient short cut" 10 the stock EXCHANGE VIII De
furnished by the Pinest the Equitable Building
The distance through from me Broadway TO the nassau
st. entrance will be about 302 feet
1t is design OF the building committee to MAKE a
'bszar OF all nations" Of the central court-a head
quarters FOR lawyers, merchants, hroKers-in TACT
all downtown people who will find there every
baths and clothing stores to stock ticker and railroad
offices. The tesselaei marble floor Will cover space
100 feet long by ifiy feet wide. Detached clustered
square Will carry at height Of thirty feet an
arched roof OF glass. above which the court VIII De
open. bridge Will cross sIe space above the roof 50
Society," Two elevators Will line each side of the lue-st
hallway just where 1t leaves tho central court and four
Two elevators viii from She Na-saust nall
way, making ten main elevators IN all In me
S OF cigars Ms" clothing, '" furnishing goods.
soda water etc., there Will be barbersh0ps anc la hs
agencies for steamship and railroad lines; oul-
letin-bOards for the posting OF news; pack
aE rooms opa oil Peare ticket anu news
stands. and In fact every facility FOR the TRANSACTION Vi
business and the purchase Of necessaries and Injuries
kind of common downtown rendezvous. convenient TO
the sub-Treasury. the Clearing House and val
Street. Propositions have already been received
by the society for the rental and sale of
many OF these privileges 80 that no Tear
felt AS to the yield from this OF income.
bureau Information will he one OF the features IN the
The new building will be supplied with the patent
floors to the p9stbozes in tho Sa.ement !. MT i,
throughout. Every modern improvement viii be
adopted aud. to the words OF Vcet resident Dor
aud elegant without involving expensive ornaments
tion."