New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-04
Big List of New Structures
in District from 18th
to 33d Street.
DISTRICT IN THE
CENTRE OF CITY
Some Principal Features of the
High Class Buildings
in the Section.

The list of up-to-date office. loft and
manufacturing buildings in the section
from 18th TO SD street is a long one. Its
length ought TO be proof positive that the
future Of the district for wholesale and
retail purposes is roseate. and that the
present attractiveness Of the place for
similar purposes is large. More important
commercial and retail trade structures
have been put up in this section in recent
years than in any building period in the
history OF the city.
One Of the principal reasons for this ex-
tensive building is that the district forms
the very heart. as it were. of Manhattan
Island, and has some miles OF splendidly
improved shorefront, where merchandise
is handled at minimum cost and where
passengers arrive or depart for European
and many ports. BY water and by rail
the district is permanently united 20 every
large market OF the world. Wideawake
manufacturers know these facts. and this
explains why even in the dull times
which the real estate market has expert
enced In recent years many OF the most
notable building projects for the better
ment OF the retail trade and wholesale
commercial supremacy OF this port have
been carried out IN the district.
There are many divisions Of the zone,
among the principal ones being the lower
and central Fifth avenue. the lower and
central Madison avenue. the Lexington
avenue. the lower and upper Fourth ave-
nue.. the Sixth avenue shopping. the Chel-
sea. the Pennsylvania. the New York
Central freight. the easterly and the East
River The physical makeup OF each
differs considerably from the other. II
would be hard TO find two sections or
divisions alike. with property values
about on an equal basis, with rentals and
rental terms about the same and with
many other things similar. The factors
In common are: Location. accessibility
and attractive rentals, together with
modern building forms.
In the lower Fifth avenue district there
Is a building No. 70 Fifth avenue, north
east corner Of 18th street where there is
some choice space 10 be had at from 40
10 N cents "A square foot. This space IS
most suitable for light. manufacturing
purposes or for show rooms. Persons IN
need OF such space will be well repaid by
visiting this building before selecting a
place OF business.
AT the Merchants Exchange BuildinS'
Nos. ia and ZIG Fifth avenue. there Is a
limited amount OF exceptionally desirable
loft space which is available for imme-
diate occupancy. II is adapted particu-
Larry 10 the embroidery and lace trade.
owing 10 the fact that in this location
many well known lace and embroidery
houses are near one another.
The structure Is new and modern IN
every respect and among it's up-to-date
facilities rs a sprinkler sysem. Insurance
rates ir the building are low The stan
OF employees is well trained and courteous
and the wants Of the tenants are quickly
met The light and air facilities Of this
building are all that could be desired. The
business future Of the section Is much
brighter than many other parts OF New