Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: [v. 94, no. 2429: Articles]: October 3, 1914

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October 3, 1914 RECORD AND GUIDE 567 CURRENT BUILDING OPERATIONS Arnold, Constable & Company Lease Frederick W. Vanderbilt Property, At 40th Street Corner, For Long Term—Rentals Approximate $5,000,000 '■■.......:""■......'':":!''r'"-"''''"''-':''!|''"'"':|!'!"!''!!!'"'^l!!!1B^^^^^^^^^^^ ranpiiiiiif^'m^niirr^ of its business ARXULU, CONSTABLE & CO., for many years located at Broadway and 19th street, have at last obtained a Fifth avenue site in the Murray Hill sec¬ tion. The dry goods concern has been considering the remova' to this district for many years, and several sites have been under consid¬ eration at various times. During the last year, however, several i m p o rtant changes have been made in the imme¬ diate locality, nota¬ bly the advent of Lord & Taylor, A. A. Vantine & Co. and the assembling of the plot for the Rogers Peet Co., which is now erect¬ ing a building at 41st street, with a frontage in 42d street. Other im¬ portant, though smaller operations. have been or are now under way, in¬ cluding the altera¬ tion of the south¬ west corner of Fifth avenue and 39th street and the new building on the east side of the avenue opposite the Public Library. Through the firm of Douglas L. Elli¬ man & Company, the merchants acquire control of the southeast corner of Fifth avenue and 40th street, owned by Freder¬ ick W. Vanderbilt, for a term of twenty- one years with several renewals, the rent¬ al for the first term approximating about store as planned, will cover an irregular plot with frontages in three streets form¬ ing an "L" around the Union League Club House. The Fifth avenue front w^ill be 112 feet, in East 40th street the build¬ ing will extend to a depth of 175 feet, while in East 39th street there will be a facades arc.' designed in a very simple manner, and their chief ornamentation will be found in the cornice, which is massive and well designed. Aluch space in the facades has been de¬ voted to windows, thus assuring the best of natural light. The light from the south w^ill be permanently T Joseph Bartley PROPOSED ARNOLD, CONSTABLE & COMPANY ESTABLISHMENT. frontage of 25 feet. Entrances will be provided on all three thoroughfares, the main entrance, however, being on Fifth avenue and the carriage entrance in East 40th street. This structure will rise to a height of six stories, and will have a basement and sub-basement. Construction will be fire¬ proof in the fullest meaning of the word. protected by the erection of a one- story structure on a 30-foot plot on Fifth avenue. While this one-story building will harmonize with the main building in design it will not be used by the com¬ pany, but will prob¬ ably be leased inde¬ pendently. Its main function is to pro¬ vide a permanent liglit court, 30 feet in width, above the first story of the store buildine. T. Joseph Bartley. architect, 15 Broad street, Manhattan, has prepared the plans and specifica¬ tions for the project, and he will have di¬ rect supervision of the construction and all materials used. Niemann & Luth, 31 West 42d street, general contract for the erection of the building, and it is proposed to start work of active con¬ struction immediately. Test borings have already been made, and the work of demolishing the old building now on the site will be started in a few days. As a department store, the proposed structure will compare favorably with Architect. have received the FIFTH AVEXUE. SHOWING SITE OF PROJECTED BUILDING. $5,000,000. No definite .figures have been given out as to the probable cost of con¬ struction, though it is estimated that the operation will involve in the neighbor¬ hood of about $650,000. The newest Fifth avenue department The building will be steel frame with floor construction of reinforced concrete and partitions of hollow terra cotta blocks. Brick and buff Indiana limestone are the materials which will be used in the construction of the facades. These any of those recently erected in the city, although not so large as some. The plans provide for the installation of the most modern conveniences and appli¬ ances which mean so much to employees and patrons. Their comfort will be as-