The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-26
"a STORY PRINTERY
ON EIGHTH AVENUE
Isrkin Buys Russell Block Front
From 33d to 84th Street as
site for Big Structure.
So. 100000 TO BE INVESTED

m. old Ilagcr warehouse covering tho
,o,b front on Eighth avenue from Thirty
.S,-d 20 Thirty fourth streets north OF the
..w most vTico and a landmark In tho
,,."rt,lvluia section, II coming down.
y,.,gress has claimed the old property
-, has stood for many years next to
49, ere biz granite buildings OF the Penn
f,,r., station and the new post Office.
,r.1t.ry twenty lone stories high, which
.,,n .,a., probably Sl,jO00OO, Is 20 be
.,s.fei on tho block. John H. Larkln
,,, H., s-socidtes. men who have done
,1y.l building around the Pennsylvania
p,s,.ar. .u.sht-g only recently a fifteen
-. binding ON Thirty-iirst street facing
,se south end OF the post office, are tho
tlyrrs
,,,,. Archibald j. Russell OF Princeton.
r. ,ar a price placed anywhere from
100000 10 100000. The property is
is;6 feet ON the west side of Eighth
avenue and l20 feet on Thirty-third and
rs,-t..SyIr,l streets. Three buildings old
IN ,elrs and architecture. cover the prom
,rty Two of them are four stories. and
ore tr, 'Hd1le structure. is six stories.
rte buildings have been used for the
,,or,.y Of wealthy folks belongings for
years
p,rc Years having bought 1t in May. 1905.
,ror Robert r. Bowling. who had paid
is5t-ut Tor n tho previous February at
me auction eslo or die Livingston estate
hod.ags.
Tho Pennsylvania zone at the time was
a tns height Of its boom. Property was
leaving iu value over night and when
Nj Russell paid Bowling "A profit he had
rtte idca that IL would be nine years
IN h.s possession. Mr.. Russell asked
81 oo0. 900 Tor the block and several times
came near getting his price 4 hotel was
10 have been erected on tho property II
one deal lad gone through and another
deal called Tor probably the most spectac-
rla- building operation up 20 the time the
No1'Wor'l Building was conceived The
tuili.us vas 10 bc tho tallest ever planned
90 New York but a dispute arose over
me prce. % was said. and the spectacular
building was forgotten and Is probably
now stuck away IN 3 dusty pigeonhole
IN ~, architects Office.
Many times since then the property has
been associated with costly building un-
ds-iakings al OF which seemed to be
nothing more than dreams.
Yesterdays deal is far from dream.
Everything Us iu readiness to proceed.
Nothing more is TO be done but order tho
builders t. proceed with the structure.
A building loan amounting TO $1,000, 900
las been secured and before the end OF the
week hos been reached the Building De-
partntnt WILL have received tho drawings
for the big structure. l; will be the largest
huI'us Of It's kind In New York.
Twenty -one stories, II will cover the en-
tire plot of 1875 feet on the avenue and
is0 feet on each street. II will be granite
terra Gotta and brick and will combine
many features useful for printers, book
binders publishers and kindred trades. II
will bo the most complete printery In the
civ
The building has made such a hit with
printers that many Of the floors have al
ready been leased from the plans. The
building Il is said. will cause a revolution
20 the trade and will bring 20 that section
many Of the best known printers in New
York and other cities. II is said that
concerns from Philadelphia and Chicago
il-,v -,Suvi ;,ass5 foT space &: .he big
structure.
1s, brokers in tho deal state that tho
'1-lru top floor Is 10 be laid out ~ n
printers club. tho first printers club of
'ls aiud to be organized. The floor is to
he fitted up in fine fashion to make II
compare favorably with other business
mems lunch clubs in this city.
One Of the corner stores, presumably
tho Thirty-fourth street one, has been
leased by the Chelsea Bank, now on
Th,rty-tourth street, just east OF Eighth
avenue II is said that few Of the tioor5
between the street level and the printers
luuC0ins club are To be had. Building
operations will be started as sOor as pos
session is Oh aimed which is expected to
90 within thirty days The builders ex-
pet TO have the building finished In May,
1915 although leases have been made
guaranteeing possession from October.
The building ~ replace the Hager ware
house and its site means an investment
OF close 10 S2,5OO00O. Tho deal, besides
la I.as.I
eliminated IN some time, means big
changes boo many business locations.