New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-20
Fifteen Story Studio, to
Cost Nearly 100000,
a New Addition.
APARTMENTS HAD ON
COOPERATIVE PLAN
Stockholders to Own Suites They
Occupy. and Rent the Re-
naming Space.

SiXty-seventh Sd, the block just ives.
Of Central Park, is becoming moro and
more an artist colony. On the north
side Of this block between Central
Park West and Columbus az. are no
fewer than six studio buildings.
Through transaction negotiated
last week another will be added TO the
group. Il will mark the first TO be
erected on the south side Of the street
ON the block. The Hotel des Artists
Inc. Of which Penrhyn Stenlaws IS
president. purchased the property al
. the southwest corner Of Central Park
West and 67th st., fronting fifty feet
on Central Park West and 100 feet IN
the street. II Is planned to erect a
fifteen story structure from plans Dy
Charles 3. Rich, assisted bY +. Matne.
sias. The operation, with the cost OF
the land. will represent an outlay OF
nearly 100000 II is expected to
have the building ready for occupancy
BY October /. .
II will be erected by tho William j.
TAYLOR Company, which Is now build
ing q seventeen story studio structure
at West 9th ST., for the hotei
des Artistes, Inc.
The same cooperative or mutual own,
ership plan. il is said. that has WORKED
out so successfully in West 61th ST
and has made the artists colony tnete
so popular will be followed In the lsl-
est structure. The plan, briefly, Is lot
the stockholders TO own the apartments
thew occupy and 10 rent the remainder
Of the space in the building. The IN.
L.. - latv
norton. which il about half or the
total. Is sufficient to pay the operating
EXPENSES, fixed charges. etc, on the
whole. and 70 leave sufficient surplus
for the accumulation Of sinking fund.
These buildings in 9th ST., according
10 an official Of the Hotel des Artists,
have proved highly profitable to their
artist owners, some Of them having
raid as high as % per cent year on
the investment
The selling price Of studio suites has
been fixed at from $4,000 upward. In
the same manner rentals will run from
$3.50 a year upward The new building
offers wide range of choice IN its
apartments. There will be ones facing
northward- kind artists prefer on
account Of the quality OF the lght,
There will be others looking east ana
south. On the ground floor a portion
Of the space will be arranged Tor DOC
tors Offices.
The building will contain a number
Of duplex studio apartments, small ana
large. and each will have q nineteen
foot ceilings. In the other rooms the
ceilings will be nine feet high. haoh
duplex apartment will have nlezzanine
floor with balcony. and MS many ped
rooms and baths as one needs or cares
70 purchase or rent. II Will be com
bination studio building, hotel and
apartment house. and in this respect
similar to the seventeen story building
now being erected.
The new structure is an evolution
Of the idea that originated little over
decade ago by the following artist
owners: Henry Ranger, Walter Rus
sell. Jules Tureas. the late Allen y.
Talcott. Charles Maggie, Robert '. '.
Sewell. Frank V. Dumond, Louis Paul
Dessar and Sydney Smith.
The first building IN 67th st. was so
successful that two more skyscraper
studio buildings of the same type fol
lowed very speedily. These brought
more men and women Of prominence
into the street. Among them Francs
Jones, Paul Dougherty. Boudlnot Keith
Enrich kossltef, W llllanl IL Vsu.S -
Bittinger, Ben Ali Haggin, James
Montgomery Flagg, Clifford Beal, Mrs.
de Palkowska, Bolton Jones. Robert
Vonnah, Hubert Vos, Richard Maynard
Howard Chandler Christy, Signor
RUIZ Peccia. Prince Paul Troubetskoy
+ Zccbaum and Muller Try.
Since then many other well known
neonle have taken up their abode IN
these cooperative apartments or have
arranged to become owners or tenants
in the new structures that are beins
erected or planned. Some OF the owners
of the seventeen story building now be.
ing put up are J. Stuart Blackton, head
Of the Vitagraph Company OF Americ1i;
Willard Metcalf, painter; Charles l.
Knoedler, picture dealer; Jonn Keiliy'
LAWYER; James Howard Bridge, author;
F. B. Dellenbe1gh, author; Miss Cath