New-York tribune., 1920-12-26

from two to eight blocks away from
ten of the finest and largest depart
ment store establishments to be found
in the country, ten the most promi.
nent institutions in American finance
and some of the best known clubs in
the country.
1t was contrary to logical reasoning
that in Forty second Street reaity
within the shadow of the Commodore.
one Of the largest hotels IN tbs world
and other such structures, should exist
a 2o-cent-a- night lodging house, or
thht space should be occupied 81 Il
few cents a square foot, when three
blocks away trade folks were paving
$5, Sc and 81 foot for premises Tho
time had passed for such conditions
and for such utilization OF realty SO
we'll located. The 'Hupfels believed the
section suited for much better things,
and real estate experts in the distr ct,
among them Henry Hof, who has lived
many years with realty affairs ia that
particular section, confirmed the de-
clslon Of the brewers that trade was
knocking for entrance to that area.
1t will be year in March since tbs
word was given by the Hupfels to
clean up and prepare the way for the
new order OF things. Kileys express
and moving van bus ness al 226 West
Forty second Street, the 25-cent Iodg-
ing house next to it, the ow-priccd ten;
ements and the factory n the rear
were ordered vacated Builders took
possession Of the parcels and pract;-
caily- tore out the interior Only tho
inclosing walls were left to stand II
new street front was built to the sids
walls which once held the business Of
kilcy and the inter or of this build.
ing and the adjoining buildings re.
- = 70 vide Office space and show
rooms. The kiley property extends
through the bloc to Forty frst Street,
and contains 4,3t0 square feet to the
floor. 1t las connections with the
iradecver lodging house TO the west
OF it N Forty second Street and the
Fortyfirst Street factory, whicN also
is on the west Of the made-over KileyI
property There are 1000 feet on each
floor of the factory and 2,30o feet on
"ch floor Of the former lodging house
The tenements to the west known 81
220 and 222 East Fortv-second Street,
provide 920 feet of space to the floor
The fronts o. the building have been
made over, or dressed by liberal use
of paint.
Several other parcels in the square
block also have been improved ent rely
or rebuilt to equal new structures.
The most interesting improvement
undertaken by the Hopeels, perhaps,
vas that at the northwest corner Of
Second Avenue and Forty-frst Street.
Passing of Yellow Canary
Some time during the period when
New York was a British colony frame
building was erected on that corner.
Third Avenue then was the road tol
oston 1t cost a trav-le SIG mako
the trip--a great amount when one
compares the purchasing power Of the
dollar then and now. To provide eorI
man and beast tavern wss estab-
iished at Second Avenue and Forty
first Street which became well known
as the Yellow Canary, apparently be.
cause Of the paint OF the exterior
additional height was given the build.
ing, so great was the tenand for &C.
comm odations, and it passed from the
old into the new century, continuinkl
down through the years as three /
story and attic building. It was sol
siilty in appearance that the fear vss /
constant that the old structure was at
the point OF tumbling out into the
street.
Tntil several years ago it CONTINUED
as public house. the store floor being
used as a saloon for more than hall 3
century. The Yellow Canary has given
way to four-story brick building Of
attractive exterior. The developmentsl
completed by the Hup Realty Corpora-I
ton have lifted the section 20 a place
IN the Grand Central business field lti
VAL be as interot g TO watch the de-
velopment of this block to the east Of
Grand Central as it was to note de-
velopment of the blocks to the west.