Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: v. 43, no. 1106: May 25, 1889

Text version:

ns Record and Guide, May 26, 1889 connection -with the organization of the Exchange. Mr, Ludlow was admired for his thorough knowledge, technical and practical, of his department of thought and action, honored for his absolute integrity in pubhc and private life, and loved for his kindly disposition and gentle bearing. He assumed the dufcy of securing the co-operation of brokers, auctioneers and owners, in the foundation of this institution. It was the first expres¬ sion of a desire to combine real estate interests for the common good. The idea that citizens engaged in tbe several avocations connected with the sale and management of real property should concentrate their energies upon the orderly direction of affairs was appai-ently novel and startling, and hut for the persistence of Mr. Ludlow and oue or two of his associates would not bave gained acceptance. I do not imagine that the Exchange has attained perfection; it is pros¬ perous and successful; it is advancing steadily upou the lines originaDy laid down, crystalizing sentiment among real estate men, demanding fair dealing in transactions, urging and aiding public improvements aud economical admimstration, I wish its power were more clearly appre¬ hended in compehmgthe adoption of a system of rapid transit—the vital problem which New York must speedily solve. Upon us, the members of the Exchange, devolves the responsibility of maintaining its dignity and its right to recognition. Mr. Ludlow's genial face beaming upon us, as with approval, is a perpetual reminder. In the name of thoj Exchange 1 cordially thank the donors of this por¬ trait for then- valued and appropriate gift. (Applause.) The chairman read the foUowing telegram from Presidenfc Cruikshank, who is in the Adu-ondacks for bis health; I sincerely regret that eh-cumstances prevent my attendance at the acceptance of the portrait of the late Mr. E. H. Ludlow, our fli-st presideut. Permit me to join in spirit iu the welcome accorded to it, recalling, as it does, his high character and standing, and his services in behalf of the Exchange. The Chairman called upon Messrs. Geo, H. Scott and Richard V, Har¬ nett, both of whom rose to pay a tribute of appreciation to the services rendered hy Mr. Ludlow in the organization of the Exchange, Of the thu-teen origmal directors, Messrs. E. H. Ludlow, Isaac Honig, John H. Sherwood, Leopold Fi'iedman and D. G. Croly are dead, the others beiug Messrs. E. A. Cruikshank, H, ;H, Cammann, Richard V". Harnett, S. Van Rensselaer Cruger, Geo. H. Scott, S. F, Jayne, Albert BeUamy and James Stokes. Important Buildings Under Way. SOUTH OF 14th street. This will he an active building year in the down-town business districts. Yeai' after year theolder buildiugs are demolished to make way for stately structures such as our grandfathers never dreamed of. This year the quota is a fidl one, as will be seen from the bst of the principal buildings for which plans have been flled since January 1, with other buildiugs under way, as described below. The Mechanics' National Bank is tearing down tbe structure adjoining the Drexel building, and will build a nine-story offlce building on the site. It will cover Nos. al and 'SH Wall street and have a frontage of 43.3% feet with a depth of 106,8 feet. It will have two elevators and will he fu-e-proof. The front will he of Indiana Umestone, with the exception of the two first floors, which wUl be iu granite. The contractor for the entire work is David H. King, Jr. The architect, Charles W. Clinton, estimates the cost at SHOOjOOO. The building is to be ready next May, and the hank wdl occupy the fii-st floor. The Farmers' Loan and Trust Company are erecting au eight-story office structure on the site of then- preseut quarters. They have not vacated the smaU bmlding which they put up ou the spot, and will transact busi¬ ness continuously during the erection of tbe new structure, in the same maimer as thiugs were done iu the Times buUding, though the problem, whUe of a similar character, wiU not be as complex. It will have a front¬ age of 80.5 and a rear width of 92.8, witb a depth of 70.(i. It will be fli-e- proof and will have two elefators on the tViUiam street side. David H. King, Jr., has received the contract for the entire work; C, W, Chnton is the architect, and the cost is estimated at §i25,000, Nassau street is also undergoing a sUght change, but the inroads made upon that narrow and busy thoroughfare are compai-atively shght. Tha old buiidings on the weU-knowu southeast corner of Fulton street have been torn down, as far south as the Uttle structui-e where De Witt, Lock- man & De Witt have their offlces. In theh" place a six-story office buUding is to be erected, from plaus by De Lemos & Cordes, It wiU be of the Renaissance order and wiU be 31.2x51 in size. The flrst floor aud basement wiU be of granite, and the floors above of brick, h-ou and terra cotta. It wiUhavea passenger and freight elevator, steam heat, electric hght, etc., and the flrst floor wUl be used as a caf6 and restaurant by tbe owner, Frank Raub, who also has a somewhat similar place iu the buUdiug adjoimng the Brooklyn Bridge to the east. Tbe contractors selected thus far are: Messrs, List & Lennon, masons; T. J. Duffy, carpenter; and Cook & Radley, iron work. Excavations are about commencing, aud the buildiug wih be completed in the fall. The cost is estimated at §80,000. Further north, at Nos. liy aud 121 Nassau street, opposite the Press Cluh, the old Clapp biulding is being demolished to make way for a ten-story fire-proof offlce building, to be built for Eugene KeUy, the well-knowu hanker, as an addition to Temple Court. It runs through to Theatre alley, aud will be a first-class offiee structure. It wiU cost upward of $200,000. The front wiU be of a limestone from Balinasloe, Ireland, and the design wiU have a tendency toward the Romanesque. The principal contractoi-s are : John Keleher, niason work, iucluding fire-proofing; Post & McCord, ironwork; Wm, Brennan, stono work; and E. F. Haight, carpentry. Nothing definite seems to have heen decided upou as to the details of the new World building, to be erected by Joseph PuUtzer on the northeast comer of Park row and Fraukfort street, Geo. B. Post is to be tbe architect. Taking a run north of the City HaU, we find the buildiug at No. 337 Broadway, near Worth street, being torn down, to make way for a six- story brick, stoue aud u-on front buUding, to be erected for Cora M. Bram- weU and Myra Moffat, two ladies who are said to be worth mauy milhons. It wiU have a frontage of 27.4 feet, and a depth of 13G.llon one side and 120,11 on the other. It wUl have a store on the first floor and offices above, while it wiU have a freight and passenger elevator. The contract for the entire work has been awarded to CorneUus CaUahan. S. A. Warner, the architect, estimates the cost at §85,000, and expects to have the building finished by January, Another buUding, of a similar character, to be five stories high, and to be divided into two attached buildings, covering a frontage of 60x90 and IOO, is being bmlt by Bernard S. Levy, at Nos, 9 to 13 Walker streefc, near Broadway, The first fioors wUl he used for store purposes, and the fioors above for lofts. They wiU have a freight elevator, and escellent light. They are now up to the first tier of beams, and will be ready for next February's renting niarket. The fronts wiU be of brick, stone aud iron. The cost is estimated at SSO,000. The largest and costliest building under way in the city at this moment is beiug buUt fcr Chas. Broadway Rouss, on a plot of ground covering Nos. 549 to 553 Broadway and Nos. 130 to 124 Mercer street. It is to be 73.10x 20O.3in size, ten stories high aud flre-proof, and the cost is estimated by the architect, Alfred Zucker, at about §700,000. It will have six elevators, two passenger, two freight aud two sidewalk, Mr. Rouss contemplates using tbis mammoth buUding solely for the pm-po3es of his business. He anticipates tbat it wUl give him faeihties that will enable him to double, if not treble, his present business. Tbe flrst and second stories on the Broadway side wiU he of granite, with stone aud architectural iron above, whUe the Mercer street side wiU be of pressed brick, terra cotta aud blue- stone, Tbe buUding is uow up to the third tier of beams ou tbe south side, while ou tbe north s^de it is partly up to ths second tier aud partly under¬ pinned. It is to be ready by about January, 189U. The principal eon- tractors selected are; Ed. Franke, mason; GUlis & Geoghegau, steam heating; the Jackson Architeefcurallron Works, iron. Going further north it is seen that Bleecker street, both east and west of Broadway, is the ceutre of quite some buUding activity. Indeed, Bleecker street is beconUng a more important business thoroughfare yeai- by year. The Manhattan Savings Institution is erecting an eight-story and basement buUding on the northeast corner of Broadway. It wiU have a frontage of 53.3 ou the main thoroughfare and 138 feet on Bleecker street. The front will be of Lake Superior red sandstone up to the secoud story cornice, above which it will be of stone, pressed brick and terra cotta. The bank wiU occupy the first floor and basement, and the balance will be rented out as lofts. It wiU have three elevators, two passenger aud oue freight, and will cost about 8300,000. The principal contractors are: Moran & Arm¬ strong, masons; James W. Elgar, carpenter; Cheney & Hewlett, u-on; Rutzler & Blake, steam*_heating, and Michael Smith, plumber. The foun¬ dations are now being commenced, aud ths building wiU be ready for occupancy ou May 1 next. S. D. Hatch is the architect. A Bix-story cellar and sub-cellar warehouse is being buUt afc Nos. 97 and 99 Bleecker street, west of Mercer sti-eet, for Isaac and Henry Meinhard, froraplansby Alfred Zucker. It will he 5U.4xl2S.4 in size, aud the front WiD he of Long Meadow stone, iron and terra cotta. It wUI have three elevators, one passenger, one freight and one sidewalk. Tbe firstfloor wiU be used for store purposes and the floors ahove as lofts. The buUding is to be ready hy next January. The principal contractors are: A. Van Dolsen & Son, masons; McGuire & Sloane, carpenters; The Jackson Architectm-al Iron Works, iron; Baker, Smith & Co., steam heat, aud McAdams & Cart¬ wright, elevators. The buildiug wUl cost about §150,000. Another six-story brick (iron aud stone front) warehouse is being built at Nos. 98 aud 100 Bleecker street, covering also No. 170 Greene street and No. 197 Mercer street, for Rachel, wife of Theodore Cohufeld. It wiU contain four elevators—two freight, oue passenger and one sidewalk, with provision for a fifth elevator. Tbe first floor will be used for stores aud the floors above for warehouse purposes. Tbe building wUl be unusuaUy valuable, owing to its having access to three important business streets. The architect, Alfred Zucker, expects to have it ready for occupaucy by Jauuary, 1890. Tbe masou selected is Wm. H. Arnott, and the carpenter, James W. Elgar, while tbe Jackson Architectural Works will do the iron¬ work. The buUding wUl cost about £260,000. Another warehouse is being commenced at Nos. 79 and 81 Wooster street and Nos, 151 and 153 South 5th avenue, by Jacob Lorillard, tinistee. The buUding will be 55x200 in size, and wUl only cost $75,000, so the architects, J. B. Snook & Sons, state. It wiU be a plain buUdiug, and will have pas¬ senger and freight elevators and a dumb-waiter. The flrst fioor will be used for stores, and tbe floors above for lofts. The main contractors are: Samuel R. Acker, masou; O. T. Mackey, carpenter; J, B. & J. M. CorneU, irou work, and Otis Bros., elevators. A six-story store aud loft buUding is to be commenced at once on the southwest comer of Mercer and 3d streets. ItwUl be 80 aud lOOxlOO in size, and is to be erected for Isabella C. May, of Washiugton, D, C, from plans by McKim, Mead & White. The front wih be of brick, stone aud terra cotta, and the cost is estimated at §150,000. J. J. Tucker is the mason and J. C.Hoe's Sons the carpenters. Tbe buUdiug will havea freight and passenger elevator. The old structures on the sit© are now being demolished to make way for the new one, which wiU he finished some time in the fall. Flans were filed for a buUdiug to be erected by Henry Maillard on the northeast comer of University place and 9th street, to cost 190,000, from plans by J. E. Wai-e. No signs of tearing down are to be seen ou the spot, aud upon inquiry it is learned that the improvement is postponed till next year. Bond street is likely to become an important business street later on. A few changes have been made in its character recently. Another improve¬ ment is to be added in the shape of a seven-story brick and stoue buildiug, which is to be erected at Nos. 42 and 44 Bond street, for Morris B. Baer, from plans by Buchman & Deisler, It is to cover a plot 52x95, and wiU cost between §50,000 and «00,000. The MercantUe Library Association have resolved to erect a flre-proof library on the site of their present quai-ters, at No. 19 Astor place, which wUl be torn down nest May to make way for the improvement. The