Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: [v. 93, no. 2412: Articles]: June 6, 1914

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June 6, 1914 RECORD AND GUTDE 1005 liiiiifiiiiSii^^ ........iiiii«si>i;ii8S'fl.......iisiiiiaiiiiBiiiiiiiiiiiiiiiiiiB^ SUBURBS SHOW GREATEST BUILDING GAINS ? Brooklyn and Queens Projects Running Ahead of Last Year's Record —Manhattan Has Active Sections and Noteworthy Operations. iiiiiiiiiiiiiiiiiiiiiiiiiiteiiii ......I.....liiiiiiiiiiiiiiipiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii^ .....iiii'i........'iii-iiiJiiiiiiiiiiiiiiiiiiiiiiiiBiiiMiiii^^..... TAKING the whole city into account, the building operations projected so far this year are only about two million dollars less in total estimated value than those planned during the cor¬ responding part of last year. Brooklyn is doing over six millions' worth more, and Queens nearly two millions' worth more. Manhattan is four millions be¬ hind last year's record, and the Bronx is nearly two millions behind. But with the lessened amount of build¬ ing, the technical position of the real estate renting market is steadily streng¬ thening, both in Manhattan and the Bronx, especially for residential build¬ ings. The over-supply of space in office buildings will continue for some time to come. The supply of apartments was well taken last year, and the market balance in this department has not been lost since. From January 1 up to Memorial Dav plans were filed in Manhattan for 221 buildings to cost about $22,450,000, which compares with 310 buildings estimated to cost $27,015,000, which was the record 16 West 33rd street, opposite.the Wal¬ dorf-Astoria will have a frontage of 200 feet and cost $500,000. Herman L. Mea¬ der is the architect, and excavating has begun. Robert W. Goelet is improving two Manhatan sites which he owns. At the southwest corner of 90th street and Broadway he is building a $110,000 thea¬ tre, store and offices from plans by Thomas W. Lamb. The firm of Isaac A. Hopper (Inc.) is the general con¬ tractor. The building has a frontage on Broadway of 88 feet and a depth of 162 feet. On the premises 402 and 404 Fifth avenue, southwest corner of 37th street, Mr. Goelet is having erected an eight- story loft and store structure from plans by Warren & Wetmore. The corner store is to be occupied by Mark Cross on a long term lease. Twelve-Story Projects. The list of buildings planned so far this year contains the following named that are to have a height of twelve stories: BROADWAY, 415, 12-sty brick stores, offlces and lott, 36x126 ft; cost, $250,000; o-wners, The iiiii[iiiai'jiiii!iiii!iiiiliiiiiiiiiiiiiiiiiiiiiiiiiii SIST STREET, 32-34 East, 12-sty brick store and lofts, 40x92; cost, $225.000; owner. Adroit Building Co., Inc., Joseph M. Brody, president, 38 West 32d street; architects. Rouse & Gold¬ stone, 38 West 32d street. Plan No. 70. 38TH STREBT, 57-61 West, 12-sty brick stores and lotts, 55x93 tt.; cost, $250,000; own¬ er, Arthur Realty Co., 11 East 26th street; arch¬ itects. Rouse St Goldstone, 38 West 32d street. Plan No. 169. 36TH ST, 233, 235, 237 West, 12-sty brick store and lotts, 55x94 tt.; cost, $150,000 ; owner, Holland Holding Co., Judson S. Todd, president, 23 Bast 73d street; architect, Frederick C, Zobel, 35 and 37 West 39th street. Plan No. 134. 44TH STREET, 15-17 West, 12-sty brick stores and lofts, 50x100 ft.; cost, $190,000; owner, 15 West 44th Street Co., 68 William street; archi¬ tects, Geo. Sc Edward Blum, 505 5th avenue. Plan No. 22. 56TH STREET. 200-202 West, swc Seventh avenue, 12-sty brick apartment hotel, 100x25 tt.; cost, $125,000; owner, Theodore W. Meyer, 20 New street; architects, B'uchman & Fox, 30 East 42d street. Plan No. 157. 79TH STREET, 135-139 West, 12-sty brick apartments, 62-83 tt. ; cost, $150,000; owner, Akron Building Co., Leo. S. Bing, president, 505 5th av; architect, Robt. T. Lyons, 505 Fifth avenue. Plan No. 21. Activity on Broadway Broadway in the Nineties, with several large operations underway, has an en- ■ ^ ji'--'\ i 19* i* 1 ^^. ..<&>■., MSSi iirt 1. ^ ".^^"'■iL^k'" M-2 '■ ■"■■ * ■"■ i 1 - WjMmW^M^^^^ 1?^ f^^^ I^^^^^^H «rars ^^■kRik 'K-M sk-' im mtKUmBi^ti,'-^ p«w^ Bi^nHEJHK^ ^^p-^ n^ . L. " - - %--^ ^ ^HHI»t^W',^^ * ^<*».A* '^.iJri. WHERE VINCENT ASTOR IS ERECTING A MILLION-DOLLAR APARTMENT HOUSE. The site on Broadway from 89th to 90th street, which is being excavated, has for many years been unoccupied. Canal Street Building Corporation, Edwin A. couraging appearance to a builder. The McAlpin, president, 125 East 57th st: architects, block front between 89th and 90th Jardine. Hill & Murdock, 3 West 29th st. Plan No. 72. of the first five months of last year. Some noteworthy operations are includ¬ ed in the pending projects. Five of the buildings are to be more than twelve stories high. Five Tall Ones. .\ loft building planned for erection at 36 to 46 East 31st Street, to the order of the Aeon Realty Company, from plans of Summer Gerard, will be twenty stories high, and cost $850,000. A building to be put up at the southwest corner of Vanderbilt avenue and 4Sth street by the New York Central Railroad Com¬ pany will rise nineteen stories and cost $900,000. Warren & Wetmore are the architects. A loft building at 6 and 8 East 37th street for George C. Boldt of the Waldorf-Astoria Hotel will be six¬ teen stories and cost $300,000, according to the estimate of the architect, Charles H. Caldwell. A loft building of fourteen stories is being erected at 121 to 125 West 48th street for the Alt Realty Co. from plans by William H. Gompert. Another sixteen-story business building is going up on the far West Side, at 441 and 443 West 55th street for Alida Beekman Emmet of 32 Liberty street, from plans by Henry B. Herts. Other buildings planned are notable in some respect, if not for height. Vincent Astor's new stores and offices at 2 to EDGECOMBE AV. s w cor of 160th st, 12-sty brick apartment, 102x138 ft.; cost. $500.000; owner, Albert Schwarzler, 369 East 167th street; architects, Schwartz & Gross, 347 Fifth avenue. Plan No. 160. LEXINGTON AV, 311, sec 38th St. 12-sty brick hotel and store, 24x100 ft. : cost, ,$90.000; owner, Allerton 38th St. Co., Jas. S. Cushman, nresident. 191 Ninth avenue ; architect, Paul C. Hunter, 191 Ninth avenue. Plan No. 120. PARK AVENUB. 993, sec 84th st, 12-sty brick apartment, 133x91; cost. $400,0(y): owner, Charter Construction Co.. Henry Edelmuth, president. 119 West 40th st; architect, Robt. T. Lyons, 119 -West 40th St. Flan No. 150. WEST END AVENUE, 372-378, sec 78th street. 12-sty brick apartment, 83x57; cost, $300,000; owner, 78th St. and -West End Av. Realty Co., Inc.. George Backer, president. 56 West 45th street; architects. Schwartz & Gro.ss. 347 Sth av. Plan No. 137. 24TH STREET, 149-157 West. 12-stv brick stores and lofts. 104x93 ft.; cost. $300,000; own¬ ers. Brolux Corporation. Louis F. Starr, presi¬ dent, .33 Midland avenue. Glen Ridge; archi¬ tect, Geo. F. Pelham. 30 Bast 42d street. Plan No. 5. ,30TH STREET. 8-14 West, 12-sty brick loft. 100x08 ft.; cost, $125,000; owner, Runline Realtv & Construction Co.. Maurice Runkle. nre«iident, .507 Fifth avenue; architect. Thos. W. Lamb, 644 Eighth avenue. Plan No. 124. 31ST STREET. 31-37 East. 12-sty brick store and lofts, 85x98 ; cost, $300,000: owner, 31 East Slst Street Realty Co.. Geo. Backer, president. 51 Hamilton terrace; architects, -Wallls £ Good¬ willie. Plan No. 116. streets, which has been one of a long series of vacant sites, is ringing with the strokes of steam drills excavating for the great apartment house which Vincent .\stor is to erect there, at a cost of $1,000,000. Charles A. Platt is drawing the plans and Marc Eidlitz 'k Son have the contract. Directly across Broadway is Mr. Goelet's theatre pro¬ ject, and at the southwest corner of 95th street a large site is being cleared for a taxpayer building which Vincent Astor is having erected. Sixth avenue has two operations which signalize the growing importance of the districts around the 38th street and 42nd street elevated stations. One is at the southwest corner of the avenue and 39th street, where a four-story building is going up, and the other operation is at 50th street and the avenue, where an eight-story building is rising. East 31st street, .between Madison and Fourth avenues, is _ the scene of three considerable operations, one being the twenty-story loft building for the .•\eon Realty Company, above referred to. In 33rd street, between Madison and Fourth avenues, a sixteen-story commercial building is being erected from plans of M. E. Rountree, to cost $425,000.