New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-02-10
RECORD OFFICE BUILDING YEAR
REAL ESTATE MEN UNUSUALLY ACTIVE TRYING
TO MEET DEllANDS FOR MORE MODERN
STRUCTURES
More than Invested Office Skyapers and Lofts 1908
Plans also Filled to Carry Ont Many Similar Projects

The total cost Of the office and loft buildings
erected Manhattan Island last year was more
than $4,000 O0O Plans, however, were hIeo III
the year for many more such structures TO De
built this year. and those projects Will also repre-
sent investment of many millions Of dollars Last
year was noted for the vast number Of well known
Office buildings which either enlarged or re-
placed by larger and more modern office sNyscrap-
ers. 1t was. in fact the record year for building
big office and loft buildings.
South OF Chambers st. is the great Office building
district, while superby located in the section
bounded by 14th and 42d SITS, Fifth and sixth
aves Is the principal loft building centre Of Man
haitian Island. The growth Of this loft building
section is phenomenal That fact is not generally
known, because the construction work done to
meet the demands of the manufacturing world
escapes the attention OF the majority Of persons
living In greater New York. 1t Is the builder the
architect tho real estate man and other persons
identified with the realty market who know the
details OF the wonderful transformation which has
taken place in the section in the last five years
They know that the changes in the building lines
in the section have resulted in new land values
increased rentals and have attracted scores OF IN
vestors the district. Nowhere. except In the
financial and office centre south OF Chambers ST.
has the builder been active in the last year
than in this remarkable Industrial And there
he is to be busy for many months. II not for some
years replacing the old dwelling houses with big
modern loft structures. The rebuilding OF the sec
ton IS only in the initial stage. Notwithstanding
the OF business buildings which have recent
ly been erected there
Not SO very long ago the district was OF the
most attractive residential sections OF the city, but
firms engaged IN light manufacturing got foot
hold there Many other firms similarly engaged
then quickly entered the section and before the
fast increasing number OF business houses the resi-
Dental character OF the streets OF the section
chosen sites for modern loft structures lost its
realty strength and charm. Few other buildings
other than theatres hotels. stores. loft and office
buildings have been erected In the section in the
last five years. The number Of dwelling houses
built could he quickly counted.
Tho growth OF this section wildly reflects the
prosperity of the country 1t. moreover, indicates
the faith OF the manufacturer and the real estate
I'm the ability Of the people Of this nation 70
maintain their present, and 10 gain greater
mercia strength. The real estate agent has been
amazed at the upbuildng district that he has
often wondered how many firms are able to pay
thousands OF dollars for loft space and many more
thousands year for the services OF their employees
His wonderment is caused by looking at the busi-
ness transacted by these firms from a wrong point
OF view lie thinks they do mostly a local business
whereas they have large foreign and domestic
business. Most OF them seek for business in every
part of the globe, and they find many buyers be-
cause their goods we'll made pleasing IN de-
sign and attractive IN price That is why many
OF these firms pay 10000 year for a
home Manhattan Island manufacture their
goods under the best sanitary conditions and
nually get large profits for their business enter
business increase
the section. and there is not the slightest doubt
that for years TO come one OF the brightest and
safest realty fields for the investor will be this
great loft district. Nearly every building which
has been projected for the district in the last few
months has been Immediately leased from the
plans. Not leased for a few years, but for a long
term OF years net rental basis and these
projects and leases tell plainly what the real
and business worlds think OF the realty future Of
this part OF old Manhattan Island.
ia Dlata LIST Of all
and loft buildings FOR which plans were hled last
year:
D o' =; No Is say t%sys story brick and lon bulls
pa11y owner: George il: Anderson. architect
Sa s is3 ons Of 81 5aas 5.;s g :6 aa
5000; iSid2Ts Fried owner ; Hedmap. areh,eet.
LOFT building 6lHo5 sa5 900 Master Builders Realty
oS%s' ia s.ail ia East eleven story brick and
com2aRy KgSS c Si7 arsS american Felt
l+ta st - 223 q W q oh ave, twelve story brick
Wen. owner. Louis Norn. architect
lott 5u aS o S Sd $50 s2 story 1 s6s s5a
owner, Henry Anderson architect. ''''''"
A store s ana s q OF s5R @ ,s. gy brick ana
18th St. No - to 20 West E s sfST G5 T an, ,s
o '@% ot eu kb, y @E cost ScNooo Ole Il
.rd6 h 81 n s. ts2 It Of 's aye ten story brick
Gelway Building Company. owner George ii Anderson.
.,d l5'h ST. st. No; l3s and 40 we, story brick and
Iita St No 30 West. seven story brick and stone
owner; George H. Anderson. architect
S Basement es and stone building ooxS4 cost $50
l7th at. n s. sl2'a Il. e u 9Th story brick
end stone lott looxS7 cost S7ocoo John Herbert
man s. Fox architects.
sg!dinE 7soyIsi cost. 100000. ii Philips owner. G.
5 or s % a re ana @ a s S .
ire ifeyf
lot burding a sv92ys2; 00o. Philip Braender
owner; William G. Frohne, architect
store and loft building 40v50: $4,000. frank
5se H"F'h''d' owner Davis "'Gr'A shepard "r'"'
10th 100 W or 9th ave. eleven story brick
and and lott bulldng 50xS2. S275 eco
itrody Adler Koch owners; schwartz Gross. archi-
brick ana oft building cost $3.50 900
Charles Kaye: owner; buchanan : Fox. architects
stone ONCE building. 4ONs0; Si25OOO; Sabay
20th ST. Nos az and "a West eleven story bric ana
stone lott building 5o6xs4 cost $4,000; Frederick
Zobe. owner and architect
goth ST.. 30 East story brick and stone Ior
building. 25xs5; cost SsooGo; Acme Building Company
Dist st. No: 80 East eleven story brick and
building, 2oxSS; cost. $4,000 John Mccarthy owner:
2lst st, Nos, Is and 20 West; eleven brick
Twenty street Construction Company. owner Henri
FouchauX. architect
stone store and Office building 7Slxil5 cost 1000
ot9 strack owner aeT and g sgSe It ,A - -.
stone and lott building 6Oxes0 cost $50 coo;
man Kodak Company. owner: McKim. Mead White
2d ST. Nos 425 42o East six story brick and stone
stable and storage building 46l0Xas9 S2 600 Mrs
Margaret Daub owner; Kurtzer & Rentg. architects.
building. 25x9o; cost. $4,000; william BGumsarisu {
Co owners; Douglas Snyth architect
St. No 426 485 East; eleven story brick and
tGP o o%nsenS nS S5Se 5IssEs J.
Al nd