New-York tribune., 1921-11-13
More Than 100 Small and Large Struc-
lures Have Been Completed i'm Last
Two Years South of 59th Street

Now that business has been provided
with accommodations that will suffice
requirements for more tnan a little
while, builders may turn 10 the con-
structiou of much needed housings.
especially with the city authorities
holding out subsidies in the shape Of
tax exemptions. Whether builders will
Junction as well or as consistently in
providing housings as they have in fur
nishing offices and commercial space IS
an open question Only time viii tell
tAs story.
lt Is logical to assume that they will
not lay down the reins because they
have travelled the most advantageous
route TO its end, but viii turn into the
next best avenue Of endeavor, for they
must keep driving to make money. Idle
ness will not bring them anything,
which they we'll know.
Forces which have taken three years
20 build up to fairly high state OF
efficiency must not be destroyed by
Lack of work Builders, therefore, may
nexs be found intently occupied in
building up vacant gaps in the eitv's
terrain or replacing antiquated struc-
sures with modern housings chiefly for
those whose means will not allow them
10 pay high rentals.
The visitor to New York cannot
escape noticing the 2-nount of intensive
construction under way along the main
arteries of the city. High I'D in the
air, stories upon stories, cities in
themselves are being reared under the
program launched two years ago, when
i was discovered that the space needs
Of commercial New York were woefully
limited and the city's reputation was
at stake unless this condition was
changed speedily.
High rentals, which were offered Tor
business space of every character,
have been d great driving incentive TO
build for the city's business men in
stead of the city's residential popula-
tlon- Censure cannot be directed at
these men, for it IS human selfshness.
greed for money, and it is universal.
Start at the Battery and travel north
along Broadway, Fifth Avenue. Madi-
son Avenue, Seventh Avenue and take
N some OF the cross streets, and one
will be startled by wnat he will see.
In view Of the great building activity
that will be encountered along these
streets il IS difficult 20 convince the
visitor that New York is short of
homes. He cannot understand why
these buildings can be erected and not
homes. Neither can lot OF folks IN
New York
Money for Business Projects
Builders viii tell them that they car
get money for business projects, but
not for homes. The man with the
money can get more for the use of his
funds in a commercial project than IN
r residential enterprise, and the prefer
eaee is given TO the former ccnstruc-
ton.
Fully 100 commercial buildings are
under way ir this city. They will be
found chiefly south OF Fifty-seventh
Street. They will give to the city for
business use millions and millions OF
feet CT officeg. lofts and warehouses.
In sections there will be an oversupply
Of premises in the next months due to
these new structures.
Cversupply is evident in the Grand
Central Terminal section, where there
has been phenomenal amount OF con-
seruetion OF 4 skyScraper character IN
the last year.
Four great buildings, almost at the
corner of Madison Avenue and Forty
second Street, have been completed.
~fen the skyscraper craze was at its
height, following the introduction OF
steel skeleton construction IN the
lower end Of the city, there was
greater competition for tenants,
but not since then has the business
man had so much new space to select
business home from
Conditions Down Town
In the downtown section number
Of large structures have been COM
pleted, while others are we'll along IN
me building stage. The Cunard
f<~ 1nxsy
structures. was completed recent
~ It is tweaty-four stories high and
has $1,000 feet on each hoor. The
stories are that the space for rent
there is held by concerns which do not
need entire floors, but had to take this
amount OF space, Tor it Was the renting
pollcy oil the Cunard people.
he international Mercantile Marine
bualding, just below The Cunard
guiding, formerly the Washington
Building, will be ready soon.
The American Surety Company. ac the
corner Of Broadway ard Pine Street.
nas completed an addition on the
broadway side of its building. and the
american Telephone and Telegraph
Company is preparing 30 build another
Gais OF its building at the corner of
broadway and Fulton Street.
20 the right and left Of lower
broadway new construction has been
r.satiful. though not OF the intersivs
sype, with the possible exceptions Of
the addition to the Stock Exchange,
the Harbor View Building, at the corr
mar OF Broad and Water streets, and the
eaghteen-story concrete building un-
s'el way in the swamp district, said to
oe the tallest concrete building in the
world.
Activity in Circle District
At the other end u the field Of ccna-
,r'sseial structural Development, ST Co-
iGsifbns Circle, VIII be found another
ssrikIng group ee bulIdings u the m