The times., 1901-04-22
MILLIONS FOR sKY-scRAPERs.
4 Combination of Capital 10 Trans
form Upper Broadway.

NEW ! 1OttN, Aprll IA SlTonS COM
bination of capitalists, all large holders
Of real estate, and having behind them
untold millions of capital, has started out
to transform upper Broadway, particu-
larly that portion lying between Twenty
third and Forty-second Streets.
Py gmy, ranshackle buildings, that have
for decades been eyesores to the people of
New York. will soon be replaced by
mammoth sky-scrapers, palatial business
emporums, and other beautiful struc-
lures.
These towering buildings, in addition
to their massiyeness and extreme height,
which are intended to counterbalance the
ponderous piles of steel, stone, and brick
that have been springing up in the lower
portion of Manhattan Island, will have
the most magnificent fronts that modern
architecture can conceive.
The recent purchasing of big blocks of
ground, including the present buildings
between Thirty-third and Thirty-seventh
Streets on Broadway, was the first move
in this direction.
Hugh J. Grant. the former Mayor of
New York who is Vice President of the
Central Realty and Trust Company, and
who, with Henry Morgenthau, President
of the company, bought the entire block
on the west side OF Broadway, between
Thirty-third and Thirty-fourth Streets,
declined to say word about the trans
action
But real estate man and builder who
is close to Grant, vouched for the ac-
curacy of the report, saying that nearly
81 600 had been paid for the land and
that colossal building costing perhaps
nearly 50 900, 600. is to be erected on the
site just as soon as the present tenants
can be moved and the old structures
razed.
The lease for a long period. probably
ninety-nine years, of nearly the entire
block between Thirty-fourth and Thirty
fifth Streets, which has also practically
been secured by Nathan Straus, represent
ing r. H. Macy & Co. is taken as show
ing 1t to be the intention of the mercan-
tile firm to erect upon the site thus ac
quired a mammoth store that shall be
second TO none in the city.
Both of these buildings will, it was said
yesterday, be erected by the George A.
Fuller Company, the contractors who
have put up some Of the most recent sky
scrapers in the financial section of the
city including the mammoth Broadway
Chambers and the Broad-E Exchange Build
ing
That company does all the building for
the Central Realty Bond and Trust Com
pany. and both Mr. Morgenthau and Hugh
J. Grant are said TO be largely interested
in the former company.
At the Office of the George A. Fuller
Company it was said yesterday that in
ten years from now, the general appear
ance of Broadway, from Twenty-third
Street northward, would be so changed
that even New Workers would not recog-
nize it unless they followed the march
Of improvement.
The initial step in this aspect of upper
Broadway will take place within the next
few weeks when an army of men will be
set to work in razing the buildings on the
fatiron shaped triangular block bounded
by Broadway, Fifth Avenue, Twenty
ond, and Twenty-third Streets.
On this site will be erected by the
George A. Fuller Company a monster
twenty-story building, the ground floors
Of which viii be used as stores, while the
upper portion will be divided into hun
dreds of offices.
The plans for this structure have al
ready been completed and approved, and
il is hoped by the contractors to have the
building ready for occupancy inside of a
year