New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-23
u1rGE NEW BUILDINGS.
r,r ARCHITECTURAL DEVELOP
NENT OF NETWORK.
or SOME OF THE LATEST NOTABLE
49, -,,.crt.Rrs EITHER IN COURSE or
FRICTION OR Projected.
...ancod hv Senator Pavev in tho L

The o',. IN as the Height-of- Buildings bill
h''' s,,rsc;ed widespread attention among arch-
Pas ,nders real estate agents and landlords who
tec's oe,ed in the development OF properly not
he -" ,bo downtown part OF the city. but also in
Only ,,,r,ci where the erection of "skyscrapers"
ee'' .1,,rlotcG There is considerable difference
REGARDING the merits of the bill, especially
OF .he architects. but all agree that If the bill
Sy the present value of property in certain parts
30 o,.v Will be largely deprecated. There are
I" -" .odcrs of real estate who have declared pub
% ,rat they regard this bill In the light of a con-
~: s,ing measure should it become a law Senator
'., IN reoy to the many complaints against the
70 cows that he is in no way committed to It's
pN .,us and In fact. that he does not consider him
,e,cien,ly informed al present to have opin-
- - ~ its correctness. The bill. he asserts was
.oduced at the request of the City Club. Proper
a,rrs will he adds. be held before II is reported.
90 ,bo lest decade this city has made wonderful
,ress in architectural development. There APP
,rs 10 be no limit in some directions TO the ambi-
r ~ capitalists in their efforts to vie with their
.~1sbbors in the construction of huge and massive
,uld;ngs As one passes down Broadway in the
,eic borhood OF Wall-st. he IS amazed when he at
,,nnis 10 inspect the Improvements that are being
,de In office buildings in that quarter of the city.
The he.ghl Of these structures and the number Of
,.,ants they ere built to accommodate are bew.lder-
nr 10 strangers Where do the tenants come from to
these lbNul!OuS OllCeS. is question lIe-
c,ently asked 1t is a fact however that profitable
tenants are found and these great Office buildings
are rarely ever empty for any length Of time.
There many big buildings in the city that have
trst been finished; others are about completed,
while others have not been long in course OF con-
suction. and plans for massive new structures are
daily being filed with the Building Department
Mention follows Of some Of the buildings that
have recently been completed or are nearly COM
1ol co Of n 70 of no proDosel StruCt-
ures .
The Manhattan Hotel is one of the largest hotels
ever built in the ne.ghborhood of the Grand Central
Station. 1t is situated at the northwest corner OF
Nadison-ave. and Forty-secondst. part OF the
ground which the building is now being erected
vas formerly occupied by the Hotel Wellington
The new structure is being put up by syndicate
consisting of ex-Congressman James ]. Belden, of
Syracuse and Messrs Hawk q Wetherbee, now
proprietors Of the Windsor Hotel, who will soon
leave the Windsor to become the managers OF the
new hotel There are Others also financially inter-
ested The exterior and roof of the hotel are about
completed 1t is sixteen stories high, and will cost
more than 100000.
THE OLD DANIEL DREW MANSION SITE.
on the site Of the old Daniel Drew house. at Sew
snteenth-st. and Union Square West. Clarence S.
" ellsworth IS erecting an eleven-story building
Inc size Is ABOUT ). Itcl on iDIOduNdy 40 iecN
)n Seventeenth-st., with l.. The first six
stories over which a temporary roof Will be built.
viii be ready for occupancy on May l. The five re-
naming stories arc for studios, and are TO be fin
shed about September /. Many tenants have al
ready been secured. Robinson & Wallace are the
bui ders. and George Il. Post the architect Mr.
paid for the old Drew mansion 100000.
md later declined offer of 100000 bonus for his
,argain.
NEW-YORK LIFE INSURANCE COMPANY.
The New-York Life Insurance Company proposes
oon 10 tear down its old building at Broadway and
-eonard-st and erect on the present site twelve
tory Office building. which will cost about $4,000.
This part of the building Is TO be constructed to har
non.ze in style of architecture with the easterly
,af Of the building recently constructed The en-
ire structure when completed will approximate in
,ost nearly 100000 The new building VIII be one
Il the most striking improvements In broadway be-
ow Canal-st., as it's site is upon the highest eeva-
ION between that street and the Battery The
Broadway front Will be surmounted with tower
containing a clock. McKim. Mead White are the
lrchitccts.
TIE SYNDICATE BUILDING.
The large Office structure known as the Syndicate
Building at the southwest corner OF Liberty and
Nassau sts has been rapidly pushed toward COM
,.etion The main walls, floors and roof are finished.
The price paid for this SITE 1872 square foot or
otal OF about sl25O0oo early last spring was con-
sldered at the time a very eXtravagant figure. 1t
estate operator that the property had advanced in
value since this purchase an amount equal 70 the
entire cost OF the new building, Whlch VIII De
100000.
THE POTTER PROPERTY.
Plans have been filed by the o. b. Potter Trust
with the Building Department for the erection OF
new twenty-s;ory building on the site now occupied
,,v tho Arcade Building, at Broadway and Rector
St The new building is TO cost 100000 Some OF
the present leases in the old building will not expire
tearing il down cannot be begun penang these
leases.
THE OLD NETWORK CLEARING HOUSE
The old Clearing House property. at the northwest
corner of Nassau and Pine sts was purchased IN
ra,uarv last by James G. Wallace from Donald
>rackav at an advance Of $1,000 upon s125,Ooo the
,r,ce said to have been paid by Mr. Mackay work
has already begun in tearing down the od ouiIalng
preparatory to the erection OF an e'e"'eei-S'oi'
Diiice building
AMERICAN SURETY COMPANY.
Tho building of the American Surety Company
,ust completed at Broadway ana Pihe-st' ~ a'
nresent the highest Office building ever erected IN
This CITY It's height IS SCS feet ana II Is esta'eu
.ba, the office population will approach Z"' II II
does not exceed that saSe COO after reserving
of,ces for the companys own use IL Is uhueI stoou
that oficcs have already been rented 10 lhe ass'o
gate value of $4,000
THE ST. PAUL.
The 81 Paul IS the name given TO the great o"eo
building that IS TO cover the Ola hefa'u 7''e' ~
Ann-st. and Broadway. The owner Is Henry w.
Havemever The architect is George Il. POSI- ana
poh,nson g. Wallace are the builders. The site COM
prses about 5000 square feet. The building VIII IN
cude twenty-five stories and It's height rom a sie
curb viii he 3O5 feet II is 10 be furnished WIN nVe
electric elevators two Of which Will be express
elevators The building is to be Of sht Si Sown ann
Office bujIdine is TO be adopted wherever pracucaDle
II wil he one Of the most expensive structures coy
ering 80 small an area In Inc CITY IL - " ~
fnished one year hence.
METROPOLITAN HOTEL SITE.
Mr. Havemeyer Is also erecting a large business
building on one-haf Of the old site of the Metro
poltan Hotel 1t is twelve stories high, and mas Il
frontage Of l2s feet on Broadway. %lZ on irlnce -
g., and Ills Crosby-st, covering lo'ai ,J,ed