The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-04-22
sKYsCRAPERs FOR NEW YORK.
building Trust TO Improve Upper
Broadway.


NEW YORK. April PA strong com
biuaJioH OF capitalists, all large holders
of real estate, aud having behind them
untold millions Of capital has started out
to transform upper Broadway, particu-
Iarly that portion lying between Twenty
third and Forty-second Streets
Py gny. TaIashack buildings that have
for decades been eyesores to the people OF
New York. will soon be replaced by
mammoth sky-scrapers. palatial business
emporiums and other beautiful struc-
lures.
These towering buildings, IN addition
TO their Hassiveness and extreme height
which are intended to eounterbalance the
ponderous piles Of steel, stone. and brick
that have been springing up in the lower
portion of Manhattan Island. viii 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
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 a word about the trans
action.
But a real estate man and builder who
is close to Grant, youched for the aC-
curacy Of the report saying that nearly
s.. So. O00 had been paid for the land and
that a colossal building costing perhaps
nearly S5.Oo0.g00. is TO be erected on the
site just as soon as the present tenants
can be moved and the old structures
RACED.
The lease for long period. probably
ninety-niue 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. IL Macy K Co, is taken as show
ing 1t to be the intention of the mercan-
Tile firm to erect upon the site thus ac-
quired q mammoth store that shall be
| second to none in the city.
Both Of these buildings Will Il was said
yesterday, he erected by the George \.
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 Broa6 way
Chambers and the Broad 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
auce 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 VIII be
set to work in razing the buildings on the
fatiron shaped triangular block bounded
by Broadway, Fifth Avenue, Twenty-sec-
ono. and TWenty-third Streets.
On this site Will be erected by the
George A Fuller Company a monster
twtnty-story building, the ground floors
of which will 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.