New-York tribune., 1921-12-24
Tribune Lets
Go Its Eighty
Year-Old Site
2O-Story Building at Mas
sau and Spruce OH News
paper Row Sold to I'll. E.
Miller and S. NJ. Banner
Paper Will Be Moved
Horace Greeley First Located
Tribune i'm Present Down.
Town Quarters in l8Al

Following the purchase last week by
The Tribune Of the plot at 219 to 229
West Fortieth Street, where a new
Tribune Building will be erected. the
present home of the newspaper. the
twenty-story structure at the corner of
Nassau and Spruce streets, has been
sold, in one of the largest real estate
transactions consummated this wear in
New York. The Tribune has been situ-
ated on this site since 1841, when Hor-
ace Greeley established it in little
two-stofy frame structure which then
occupied the corner
The property has been purchased on
a cash basis without trade element bv
a corporation composed OF Herbert z.
Mitler and S. Morrill, Banner. The new
owners have bought the property as
an investment, and upon the removal
of The Tribune, probably in May, 1923.
they will renovate the structure and
offer it in large suites to the ever
growing number OF corporations seek
ing we'll located Offices in the down
town business section.
herbert Mitler is we'll known to the
building and engineering world, having
been associated for many years with
the real estate firm of Bing & Ring in
charge of construction. More recent
ly, as an engineer and builder, he
erected many buildings of all charac-
ters on his own account and with Mr..
Banner
Mr.. Banner has for many years been
a inc
tate world as owner and builder of
large buildings, principally in the Park
Avenue section.
Tribune to Remove Offices
The Tribune will remove its entire
plant and all its Offices from the build
ing to the new structure to be erected
in Fortieth Street.
Negotiations leading up to yester-
days transaction have been ~nder way
for a period of nearly six months. The
Charles F. Noyes Company represented
The Tribune throughout Legal mat
ters attending the sale were handled by
Harold l.. Cross, of Sackett, Chapman,
Brown e. Cross, for The Tribune and
by Stoddard & Mark for the purchasers.
The Tribune Building is one of the
pioneer of the group OF newspaper
buildings centering around Park Row
and Nassau Street, of which the w orld
Building is the only other pemaining.
Until seven years ago "The Sun" was
next door neighbor to The Tribune, and
before "The Times" moved to it's sky
scraper home at Forty second Street
it. too, was a cross-the street neighbor.
"The American" some years ago was
housed in the lower floors of the
Tribune Building. With other papers
located near by, the section received
the title Printing House Square, and
so it was known the world over
| Originally the Tribune Building was
of ten stories and occupied a site OF
{ 80 feet inches on Nassau Street and
90 feet inches on Spruce Street. 1t
was one Of the city's first freproo1
buildings, though not of steel frame
construction. Its tower, reaching
half again as high as the building it.
self, gave the structure an extraor-
binary prominence. For some years il
| held the distinction of being the only
building that topped Trinity Church
, spire. 1t was q marvel of construc
ton in it's day and people came from
near and far to view it and to exclain
over it, much as they do over the Wool
worth Building to-day.
Building Site Enlarged
4 In 1895, when the expansion of the
downtown business district had Great
ed a large demand for space in the
vicinity of the City Hall, the late
Whitelaw Reid acquired the plot OF
So feet inches at 5, and 8 Frank
y; Continued on page thrcs)