New-York tribune., 1896-09-28
4 NEW BIG BROADWAY BUILDING.
NEGOTIATIONS FOR GREAT OFFICE STRUCTURE
IN THE LOWER PART or THE
TUOROIGIIFAIE

A syndicate j. a. work trying 20 get con'ro' OF al
The properly between he Standard OH Building ana
the Tower Building, IN lower BrOadwoy win a
view 70 erecting enormous structure for banking
and other corporation and Office use' upon that ex-
treme;y valuable site The plan. as outlined 70 a
representative Of one OF the pieces 0, property in
VOWED in The transaction j. 10 cover the whole area
which embraces Nos 32. "a. &c. 3S 80. a. a. i6 and 4h
Broadway with one immense office building. erected
upon land either bought outright or leased for long
term Of years
no. % Broadway is owned by r. r Wilson, the
weu-knovn banker. while No. "A f. supposed st 10
belong 10 Edward G. Fielder. who sod the property
al 40 30 Broadway 20 the Standard OIL Company
for its annex, now being erected there M'ssrs
Fielder and Wilson have united In forming the
Hudson Building Company, II f. understood, among
adjacent prop.ry owners whose purpose Is erect
WIN, shall be known az the Hudson Building the
site Of Nos 80 70 IS inclusive, In Broadway Nos S2
and "a have been vacant since last May The delay
IN the projec, is said to be due 10 the present In
ability OF the syndicate. IN which Mr. wilson has the
reputation Of being interested to assur" Itself Of
placiug a s2com mortgage the property. In
qulrles regarding the scope OF the plan are met at
the office Of Mr. Wilson with the statement that tho
Hudson people are to be- seen about H. II IS under
STOOD among the property owners along The proposed
site that the Hudson people" largely the wilson
syndicate
no 90 Broadway. which extends through TO New
:, as does all this property. II owned by the Samuel
/ Mitchell estate Edwin G. Surges. The represen-
,o,vs Of the estnte when asked about the syndicate
nlan and purposes by Tribune reporter. replied:
"such a syndicate with such a plan mas been en-
a.,vorlng - secure the site between the Standard
on Company's building and The Tower Building. I
do no. know how the matter now stands. This Is a
poor time in which 10 raise money for any arge
un1er,ak,rg | think the scheme IL lying quiet now
untU after election. | have no definite knowledge
of the subject beyond the fact that such plan has
been pu, forward by the syndicate. l. the Mitchell
property for sale? Yes.
No 81 TO 4S Broadway once belonged 10 the Old
Astor estate and Is Owend by Woodbury.
Jangdon representing the Langdon branch OF the
Astor family the office OF the late Colonel
Foyd GARRISON agent for the property, the state
neni was made that the property was not for sale.
f. L. known. however. that the property may be
secured on lease for a long term or years, pro-
Viapd desirable improvements are made on the site.
A prominent lawyer who Is familiar with some OF
the features Of the matter. said: There Is hitch
IN the scheme because OF the Inability Of The synd-
cate 10 arrange 10 raise s2.O00OD mortgage the
property IL Will be much easier 20 accomplish this.
however. after Mckin'ey's election and then the
pan may be pushed"
No 81 Broadway Is a four-story browns one
building Nos "a and 81 are four-story yellow brick
structures. No. 3s Is four-story brownstone build
ing Nos 40 and ~ form the four-story marble front
Commercial Building and Nos A and 46 are seven
story brick stone and iron modern office building
No. IS Is four-s,ory yellow brick structure.