The sun., 1914-08-25
$50 Nassau Street Selected as
Ideal Home After Two
Years Search.
SEVEN FLOORS WILL
DOUBLE PRESENT SPACE
Extensive Alterations Now
Being Made to House
Increased Growth.


red brick building that stands at the
corner OF Nassau and Frankfort streets.
for more commodious quarters In a
larger and more modern structure. BY
the terms OF lease signed last week
the three papers will become the princi-
pal tenant OF the structure at the south
east corner OF Nassau and Spruce
streets, one block south of the present
Sun Building, formerly known as the
American Tract Building. but more re-
Gently as the $50 Nassau Street Build
Ing.
In that structure THE SUN, THE Sun
DAY SUS and THE EVENING SrS will oc-
Cupy seven floors each having an ap-
proxiuate area of $500 square feet. or
about double the space now occupied
by the three publications, whose recent
growth has made their present quar-
ters entirely inadequate. Possession Of
the new quarters will he taken before
the first of next year, but meanwhile
extensive alterations are to be made to
the building which not only Will make
1t thoroughly modern but will as we'll
change 1t materially In those parts
which THE Sun will occupy.
The selection OF the $50 Nassau
Street Building as the future home of
nm EtN tIhS a SfhTCH OF more tnan
two years for quarters which would be
adequate AS TO area and light and
properly adapted to the making and
distributing OF a newspaper. The re-
quirements OF THE Sun, TIE SUNDAY
Sun and THE EVENING Sun were such
us TO make selection OF a new loca-
ton difficult among buildings already
standing.
Many offers were made to erect new
structures for THE Sun. but II was found
that practically every available location
was improved already with a building
which could neither be altered nor re-
built except at too great expense. II
was the especial desire Of THE Sun to
remain within q short distance Of the
place II has occupied for 50 many years,
one OF the busiest and most travelled
spots in tho world and for that reason
The $50 Nassau Street Building has al
vAye hold superior attractions.
Under tho terms OF the lease Just
olosed THE Sun win probably remain
downtown for twenty-one years. The
ieA1s was made with the New York Life
Insurance Company as mortgage owner
the American Tract Society as owner OF
ths fes Of the property being a party
70 the contract
The seven floors which THE Sun, TIM
6uNpAy 6uN and THE EVENING Sun will
occupy include the cellar. q space l00x98
fsst and Is feet high. which will be used
- . preae room; the basement OF equal
ara, all but q small portion OF which
will be used for deliveries. and Ave floors
above the street floor. which will be used
for editorial rooms, composing room, H.
brary and all other departments. With
frontages on two streets and low build
ings adjoining on Spruce street. the new
quarters will have light and ventilation
from three sides. Alterations to be
made also will add materially to the
sttractiveness OF the new Offices.
The building at 100 Nassau street Is q
twenty story structur. erected about
fifteen years ago by The American Tract
Society. at cost OF 100000 the
value OF the land being included. Land
and building value are about evenly
divided. The society has had Its prin-
Opal offices in the building. but will
now relinqulsh that space and will oc-
cupy other quarters which have been
taken under lease. AS the building
stands to-day. II consists of two large
wings separated by a wide court rum
ming through the centre OF the plot
One wing occupies the Nassau street
frontage and the other the easterly end
Of the plot They are Joined on tho
Spruce street side.
Plans for the alterations. prepared by
Walter g. Timmis call for the extern
sion OF the Ave floors above the street
which THE SuN will occupy across the
court, so that these Ave floors will have
no court, but will cover the entire area
of the building plot, IA space fronting
100 feet on Nassau street and 96 feet
on Spruce street. All partitions and
inside walls will be removed from
these floors and glass par r.itons substi-
tuted 30 that the maximum OF light
may be had on every floor. The next
most radical change viii have TO do
with the elevator system. There is now
a hydraulic service OF six cars. which
WIFI be removed entirely and in its
place will he installed an overhead trac-
tion system. This change in elevators
vii! permit the removal from tie cellar
OF great quantities OF machinery now
used to generate power both for operating
the elevators and for lighting the build
ing. Power will be taken hereafter
from outside. The elevator changes will
be made by ihe Otis Elevator Company,
while he alterations to the building will
be made under IA general contract,
which has been awarded TO j. Odell
Whitenack Mr.. Timm!s's plans for
the changes were passed last week by
the Bureau of Buildings and work on
the alterations will be started at once
The Charles F. Noycs Company acted
ms broker In the negotiations between
THE Sun and the New York Life In
surance Company In matching the
requirements Of THE Sun the Moves
company has investigated practically
every available property in lower Man
haitian, The result of It's study ia
interesting as showing how few build
lnSs are adaptable to newspaper pub-
hshlng purposes. One II the pr'ncIna,
requirements Of THE EvENING Sun wa.
location within easy reach OF Wall
street so that the large circulation Of
'p"' ~per among financial houses
could be handled easily and quickly
~ was also necessary to be near a suh-
way express station, so that papers for
OUT or town could be sent quickly to
railroad stations. These features linn
ited the available buildings 10 those
south OF Canal street.
N tE- downtown area most ~ ths
structures which were satisfactory in
every other way were found unavailable