New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-29
PART III.
PAGES II TO IA.
FOR A MODERN BUILDING.
THE NETWORK LIFE INSURANCE COM
PANY's NEW HOME.

PLANS SAID TO BE NEARLY COMPLETED FOR
AN IMPOSING TwELvE-sToRY sTRUCT-
IRE TO COST 100000.
When .be New-York Life Insurance Com
many erected its splendid building at No. BAG
Broadway more than twenty-five years ago the
structure was regarded one of the finest In
New-York City. 1t was five stories in height
The work was done prior to the introduction of
the hight building era-even before The Tribune
Building as the pioneer was more than dream
IN the mind Of the architect The New-YorN
Life Building. when completed was as much an
object Of interest the Park Bank Build
ing. No PIG Broadway, when II was finished In
1866 or 1867.
The change Of the methods OF construction OF
buildings has been ,nsiderable within the last
decade. The result is shown In the towering
structures on lower Broadway and elsewhere In
the city. The demands Of business have invited
capital TO investment in structures OF great alti-
tude The advance from the Battery and
Bowling Green northward OF Broadway as well
as in the side streets. has absorbed year by
wear the most available sites which buildings
Of large rental value could be constructed and
the higher these buildings the greater the in
come
The property Of the New-York Life Insurance
Company embraces a frontage or Sixty leet III
Broadway with Leonard-st the dividing line
northward and Catharine st. in the SOUTH with
a depth through to Elm-st of 400 feet, with an
irregular frontage there Of eighty-three feet. In
the last year the company has erected build
ing thirteen stories high In the rear OF their
Broadway front. extending 2O3 feet westward
from Elm-st and extending over the entire
space between Leona ID and Cathartne SITS. The
cost Of this structure. although originally esti-
mated by s ID. Hatch, the architect. at 81. 250.-
900 has II Is said. reached N5o0Vo0. Upon
the death of Mr. Hatch, a few months ago the
Unknown architects McKim. Mead White.
took charge OF the work and began plans Tor
the reconstruction Of the Broadway front OF the
building.
II is now proposed that the offices OF the
company shall be temporarily transferred 10
the new structure In Elm-st.. approaching
COMPLETION and that the old Broadway building
shall be torn down and a new modern once
building twelve stories high. erected in It's
stead This is Of the most striking pro-
iected improvements in Broadway below canal
ST In this, that the size OF the Newly ork lIle
Insurance Company's building Is upon the nigh
est elevation between that street and the Bat
ferry and therefore occupies land eminence
which will insure impressiveness site for a
great building such 1t is designed to con-
struct 1t is said that the company does not
expect to effect this improvement for less than
s. 900 900
building have not been fully completed by the
architects and but little information can be ob-
tanned regarding them. 1t is said, however.
that the building is TO Re OF white marble ana
uniform with the elevation OF the exteEslon 10
Flm-st now nearly completed, that the front
&c n no ornate in design and that in all respects
Tho structure will be Of a most imposing char
acter.