Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1895-09-20
TALL BUILDINGS M NEW YoRk.
She Four Hundred Foot Mark WIN soon
BE Reached.

speaking Of architecture, the speciality
OF tall buildings is the most striking fea-
ture in the lower part Of New York, and
viewed from the bay it is "A city of towers.
The question among builders now seems
TO be who shall make the highest ascent
A few years ago ten stories were very + Il.
but now from 90 to 90 is among the posi-
bilities. After the great fire of 1876
whose area was about 90 acres-stores were
built 90 feet high, which was unusually
tall. Stewart, however, Is years after
ward when erecting his palace of fashion,
corner OF Broadway and Tenth street, was
so ambitious of distinction that he carried
up his front to IS feet which was a gen
/ eral wonder. The elevator had been intro
! duced during this interval, and Stewart
was one Of the first to put IL into use. But
/ he was soon cxoolled by other builders
and tho Boreel went 20 feet higher, being
lI5 feet to the cornice, while the New
York Life rose to 1879 feet, and eventually
Inc Ifibune's tall tower reached 200 feet
This was tho wonder Of Printing House
square, but at the lapse OF an additional
20 years the Pulitzer building stands mere
than 100 feet taller, and the Manhattan
Lille Is $40 feet above the sidewalk This
seems sufficiently tall, and YET a still great
er height is now contemplated, and il is
probable that 400 feet will soon be reached /
How odd it win be to look down ON Trim !
ity spire as almost half way down to the /
sidewalk
Heavy down town operations in real (
estate show that business is held there be- 4
yond all risk of an up town fitting. The I
most striking instance is tho newly pro
1ected skyscrapcr in Broadway, facing
Bowling Green and extending in the rear
to Greenwich street. The plat contains
threo-quarters Of an acre, its unusual size
being due to the fact that It was once a
pleasure resort and was then called CAT
lantic Garden" The price is 81, 500. 600
being 500 the square foat, which is Ger
tainly reasonable for such locality. but
It Is an advance Of nearly double in ten
years. The building Will stand next to
the Washington, erected by Cyrus W.
Field, which it will ovcrtop, as its project
ed elevation is 10 stories, ana it will have
a restaurant and number of bathrooms
The most important down town skyscru-
per is the American Tract Society building,
which has just been mortgaged for 81, 250,-
600. This is the heaviest mort gage ever
given by any religious institution in
America and is based on the valuation of
the lot and yet the latter cost less than
500, 600. That, however, was many years
rfNH ffAANAA AZ vas tAAA ouA VI Llib Way AtltAA-
ity while at present it is the center Of
journalism, which is sufficient to give it a
fabulous value.
The west side Of town is not snowy in its
and hence its tail buildings are
)f moderate height, the loftiest being the
Havemeyer building in Cortlandt street.
John Petit has also made his mark on the
vest side and has shown his power Of i'm
proving the most neglected localities. He I
bought some tenement property at the cor
ler of Washington and Liberty and erect !,
ID the Electric building which he sold TO 4
Dean Hoffman for $500 600 making a
'rolt Of 500, 600. Everybody was sur
'rised to see "a business center created in '
% degraded a locality, but Dean Hoffman i
S we'll satisfied with his bargain as his L
ents are not less then $36, 900 a year. =
Petit then bought another tenement at z
he corner Of Greenwich and Thames a
treets, whore he erected the "Thames U
uilding, which he sold at a profit of v
10000. Neither Of these buildings is u
yer ten stories but they are tall enough y
o pay handsomely. York Letter in a
roy Times. p