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Equitable Building (Manhattan)

The Equitable Building is an office skyscraper located at 120 Broadway between Pine and Cedar Streets in the Financial District of Lower Manhattan in New York City. The skyscraper was designed by Ernest R. Graham in the neoclassical style, with Peirce Anderson as the architect-in-charge. It is 555 feet (169 m) tall, with 38 stories and 1.2 million square feet (110,000 m2) of floor space. The building's articulation consists of three horizontal sections similar to the components of a column, namely a base, shaft, and capital.

Equitable Building
The building in 2010
Location120 Broadway
Manhattan, New York City
Coordinates40°42′30″N 74°00′37″W / 40.70833°N 74.01028°W / 40.70833; -74.01028
Built1913–1915[1]
ArchitectErnest R. Graham
Architectural styleNeoclassical
Part ofWall Street Historic District (ID07000063)
NRHP reference No.78001869
NYSRHP No.06101.001692
NYCL No.1935
Significant dates
Added to NRHPJune 2, 1978[3]
Designated NHLJune 2, 1978[4]
Designated NYSRHPJune 23, 1980[2]
Designated NYCLJune 25, 1996

The Equitable Building replaced the Equitable Life Building, the previous headquarters of the Equitable Life Insurance Company, which burned down in 1912. Work on the Equitable Building started in 1913 and was completed in 1915. Upon opening, it was the largest office building in the world by floor area. The Equitable Building hosted a variety of tenants and, by the 1920s, was the most valuable building in New York City. The Equitable Life Insurance Company, the building's namesake, occupied a small portion of the building until it moved out during 1960. The owner as of 2022, Silverstein Properties, purchased the Equitable Building in 1980 and renovated it multiple times.

Upon its completion, the Equitable Building was controversial because of its lack of setbacks, which in turn does not allow sunlight to reach the surrounding ground. This contributed to the adoption of the first modern building and zoning restrictions on vertical structures in Manhattan, the 1916 Zoning Resolution. The building was designated a National Historic Landmark in 1978 and was designated a city landmark by the New York City Landmarks Preservation Commission in 1996. It is also a contributing property to the Wall Street Historic District, a NRHP district created in 2007.

Site Edit

The building occupies the entire block bounded by Broadway to the west, Cedar Street to the north, Nassau Street to the east, and Pine Street to the south. The dimensions of the block are irregular.[5][6] The building has a frontage measuring approximately 167 feet (51 m) on Broadway, 312 feet (95 m) on Cedar Street, 152 feet (46 m) on Nassau Street, and 304 feet (93 m) on Pine Street.[6][7][8][a] The plot is shaped like a trapezoid, with the Nassau Street and Broadway frontages being almost parallel.[9] The plot covers about 48,000–49,000 square feet (4,500–4,600 m2);[7][10] according to the New York City Department of City Planning, the building has a lot area of 49,614 square feet (4,609.3 m2).[11] The building is assigned its own ZIP Code, 10271; it was one of 41 buildings in Manhattan that had their own ZIP Codes as of 2019.[12]

There are numerous buildings and structures immediately adjacent to the Equitable Building. Zuccotti Park is located to the northwest, while 140 Broadway is to the north and 28 Liberty Street is to the northeast. Federal Hall National Memorial is to the southeast and 14 Wall Street and the American Surety Building are to the south. Across Broadway to the west and southwest are the Trinity and United States Realty Buildings.[5]

Architecture Edit

The Equitable Building, an early skyscraper, was designed by Ernest R. Graham of D. H. Burnham & Company (later Graham, Anderson, Probst & White),[1][b] with Peirce Anderson as the architect-in-charge.[14] In contrast to the contemporary Metropolitan Life Insurance Company Tower, Singer Building, and Woolworth Building, the Equitable Building was designed as a bulky mass, rather than a "slender, romantic tower". This was affected by the fact that the other three buildings were corporate symbols from renowned architects, while the Equitable Building was a speculative development whose designer had little experience in New York City.[15] The ultimate design was distinct from corporate structures such as the Met Life Tower or restrained office buildings such as the Flatiron Building,[9] and raised substantial controversy upon its completion.[16]

The articulation consists of three horizontal sections similar to the components of a column, namely a base, shaft, and capital.[15][17][18] The exterior is inspired from Greek and Roman architecture. In total, it is 555 feet (169 m) tall when the penthouse's center tower is included; a separate measurement of 545 feet (166 m) is given when measured to the top of the other penthouses, and the height excluding any of the penthouses is 525 feet (160 m).[19][20]

Form Edit

Although the Equitable Building is 40 stories tall with 555 feet (169 m), this includes two stories in the building's penthouses as well as two "interior stories" that are not visible from the facade.[19] The interior stories are located at the 3rd and 34th floors,[21] and there are three basement levels.[22] The exterior of the building thus consists of 36 stories with a total height of 525 feet (160 m).[19] Originally, the structure was proposed as a 42-story skyscraper, but this was reduced to 36 effective stories to maximize elevator safety and speed, given the assumption that 50,000 people visited the building each day and that there were 48 elevators that could each serve 1,200 people an hour.[23]

The Equitable Building has no setback from the street beyond the depth of the sidewalk.[24] This is because Graham wanted the building to have the latest technological systems, such as elevators, heating, ventilation, and fireproofing, while also maximizing usable office space.[10][13] Two light courts (recesses), one each to the east and west, bisect the facades above the seventh floor.[9][25] As a result, the Equitable Building appears in the shape of the letter H when viewed from above.[7][17][26] The design of the Equitable Building is similar to that of the now-demolished Hudson Terminal office buildings and the 49 Chambers building.[17] The two-story penthouse is 30 feet (9.1 m) tall;[7] the penthouse roof is 20 feet (6.1 m) tall, but the center tower rises another 10 feet (3.0 m).[20]

Facade Edit

 
Building entrance

The building's facade is made of brick, granite, and terracotta,[6][17][18] and white Yule Marble and iron are also used in the building.[6] The granite, brick, and marble were estimated to be 250,000 short tons (220,000 long tons; 230,000 t).[20][22] Anderson designed the facade with a base, shaft, and capital, similar to the Broadway–Chambers Building by Cass Gilbert, but with facades on all sides.[27] The building contains eighteen vertical window bays each on the Pine and Cedar Street facades, and seven bays each on the Broadway and Nassau Street facades, three on each wing of the "H".[8][18] The window bays each consist of two windows on each floor, except the center bay on Broadway and Nassau Street, which includes three windows on the 5th through 7th floors.[8]

The lowest four stories were made of granite, while the 5th through 7th stories have a facade of granite and terracotta.[7] On Broadway and Nassau Street, there are Corinthian-style pilasters, which are 54 feet (16 m) tall and topped by ornamented capitals. Double-height arches with three revolving doors are located at the centers of these facades.[9][18][25] Above this is a plaque reading equitable building on the third story,[8][28] as well as an ornamented terracotta frieze at the fourth story, which is 12 feet (3.7 m) wide.[25] The entrances on Cedar Street and Pine Street are more plainly designed with narrower square arches; the doors are located below green marble panels.[25][29] The remaining windows on the first floor are stainless-steel show windows, which illuminate the commercial spaces inside. Though most of the commercial space is accessed from the lobby, there is also a service entrance and a shop entrance from the Cedar Street side.[29] The window openings on the second, third, fifth, and sixth floors are separated by vertical mullions and horizontal spandrel panels made of green terracotta. Flagpoles hang from the seventh story.[8]

The 8th through 38th stories were made of light gray brick and matching terracotta trim.[30] On the Broadway and Nassau Street facades, the light court divides the primary facades into two wings, each with three window bays. The portions of the facade facing these light courts are faced with brick.[25][29] Medallions with cornices are located at the corners of the building at the 7th and 31st floors.[29] There is no ornamentation on the 8th through 30th floors, while there are belt courses below the 31st and 32nd floors. The facade between the 32nd and 35th floors is composed of a colonnade with terracotta pilasters between each column of windows, topped by ornamented capitals. The colonnade terminates at the top of the 35th floor, where there is an elaborate cornice. Another belt course separates the 36th and 37th floors, and a cornice is located above the 38th floor.[25][28][29]

The top of the building, composed of the penthouse, is faced with brick and terracotta.[22][29] It contains pilasters similar to the lower sections of the building.[25] The main penthouse, atop the center of the "H", has dimensions of 85 by 120 feet (26 by 37 m).[7] Penthouses are located atop the wings as well.[29]

Features Edit

Upon its completion, the Equitable Building was the largest office building in the world by total area.[14] The building had 1.2 million square feet (110,000 m2) of floor space,[1][22][31] and each of the upper stories has 30,000 square feet (2,800 m2) due to the H-shaped footprints.[18][22] A fact sheet published at the time of the Equitable Building's completion estimated that it had approximately 5,000 windows and 10,000 doors.[22]

Structural features Edit

The foundations descended to 85 feet (26 m) below ground level.[10][18][22] The foundation is surrounded by a concrete cofferdam which measures 6 feet (1.8 m) wide and is reinforced by steel rods.[18][19] Within the foundation are eighty piers, each of made of concrete and steel.[18][20][22] A retaining wall between Cedar and Pine Streets is used to reinforce two of the cellar levels for vaults.[7] The superstructure weighs 32,500 short tons (29,000 long tons; 29,500 t).[20][22][26] At the time of the Equitable Building's construction, it was described as the world's heaviest structure.[21] There are 88 granite columns that rest on the piers within the foundation, and another 50 columns that rest atop the cofferdam.[22]

Interior Edit

 
1st floor plan
 
7th floor plan

The ground-floor lobby is composed of two perpendicular arcades, a west-east corridor from Broadway to Nassau Street and a north-south corridor from Pine to Cedar Streets. All four entrances contained bronze revolving doors.[25] The lobby has a pink marble floor, sand-colored marble walls, and a vaulted, coffered ceiling. The corridors are 24 feet (7.3 m) wide, while the ceiling ranges from 20 feet (6.1 m) tall at the edges to 35 feet (11 m) tall at the center.[25][32] The ceiling is designed in patterns of octagons and squares.[26] Also in the lobby are the elevators, which contain marble-and-bronze doors[28][32] and are located in the central section of the "H".[26] Banking spaces and storefronts are also located on the ground floor, accessible from the lobby.[8][25][28] To the southeast and northwest, marble stairs with balustrades lead to the basements and second floor.[28]

The first basement level has safe-deposit vaults designed by Frederick S. Holmes.[28] In the basement, there are also connections to several New York City Subway stations, including Wall Street (served by the 4 and ​5 trains), Wall Street (served by the 2 and ​3 trains), and Broad Street (served by the J and ​Z trains).[33] At opening, half of the basement was occupied by the Cafe Savarin, a 1,000-seat eatery with three rooms fitted with bright blue tiled walls and floors.[34]

On the upper floors, a staircase, restrooms, and utilities are clustered into the core of the "H". The light courts within the "H" ensured that all offices could receive natural light.[21] West-east corridors ran perpendicularly to the elevator lobbies, crossing both wings of the "H".[35] Floors were arranged so that they could be divided into suites facing outward, so that all suites faced windows, though it was also possible for lessees to rent entire floors.[20] Upon the building's opening, Equitable also provided rest and recreation rooms for the building's 2,000 female employees, making it the first large building to have a women's welfare department.[36] Also in the building was the library of the New York Law Institute,[37] which remains in the building as of 2020.[38]

The Equitable Building housed the 1,500-member Bankers Club on its top three floors when it opened. The club had five dining rooms, a lounge, reception rooms, and an open-air terrace.[39][34] The club was highly frequented by notable financial figures and socialites in New York City, hosting politicians and leaders such as United Kingdom prime minister Winston Churchill, French president Charles de Gaulle, Soviet Union leader Nikita Khrushchev, and Queen of the United Kingdom Elizabeth II. It closed in 1979 after the club's lease expired.[40][41]

Operations Edit

The operations of the Equitable Building were described as being akin to a small city. When the building opened, there was a power station 50 feet (15 m) below ground level. It contained seven boilers with a combined output of 3,500 horsepower (2,600 kW), which took up a space measuring 145 by 180 feet (44 by 55 m). There was also an artificial ice plant.[20] The power station originally burned oil, consuming 2.5 million barrels per year, but started using coal in 1934 due to a rise in fuel prices.[42] At the time of completion, the Equitable Building was said to have more telephones than did all of Greece.[43]

The building contains 50 elevators; the 48 elevators serving the above ground levels are clustered in six groups of eight, while an additional two elevators serve the basements.[20] The Equitable Building previously contained as many as 62 elevators.[44]

History Edit

Context Edit

During the 19th century, life insurance firms were some of the first companies to build high-profile skyscrapers.[45] The Equitable Life Assurance Society of the United States, founded by Henry Baldwin Hyde in 1859,[46][47] had built the Equitable Life Building on 120 Broadway in 1870.[48][49] The Equitable Life Building was the first office building to feature passenger elevators,[50] and at a record 130 feet (40 m) upon construction, was among the world's first skyscrapers.[49] The building was expanded numerous times, including in 1875[51] and in 1887.[52] Equitable assumed control of all properties on the block by 1906.[53][54] By the 1890s, the Equitable Life Building was architecturally outdated, and George B. Post prepared plans for a 40-story structure in 1897, which did not proceed.[55]

In 1907, Daniel H. Burnham's company had proposed replacing the Equitable Life Building with a 33-story structure.[17] At the time, both Burnham and Equitable publicly denied that a new home office was being planned.[53][56] Burnham's firm filed plans for a 62-story building in 1908, to top the Singer Building and Metropolitan Life Tower. This new building would have had a 34-story base and a 28-story tower, being 909 feet (277 m) tall, with 40 acres (160,000 m2) of floor area and 3,600 offices.[53][57][58] Although bidding for the proposed structure began in December 1908,[53] Equitable president Paul Morton publicly denied plans for a new structure.[59] The plan was ultimately dropped, possibly due to opposition over the building's sheer bulk.[17]

 
1912 fire

The Equitable Life Building was destroyed by a fire on January 9, 1912, which killed six people.[60][61] Fire engines could not save the structure because the water from the engines had frozen in the cold weather.[17][62] Equitable quickly set up temporary quarters at the City Investing Building.[63][64] Given that the previous building had been worth very little,[63][65] the land was actually worth more after the fire than beforehand.[66]

Planning and construction Edit

Planning Edit

After the fire, Thompson–Starrett was hired to clear the site,[67] and the plot was chosen as the location for Equitable's new headquarters building.[17] Thompson–Starrett president Louis J. Horowitz approached businessman T. Coleman du Pont,[6][15] who later recalled that du Pont was interested in the "idea of owning a gigantic building in New York".[6] Frank M. Andrews—who designed another one of du Pont's properties the Hotel McAlpin—was also involved in the project. Horowitz, Andrews, and du Pont were said to have bought the lot in August 1912,[15][68] and finalized the sale that October for $13.5 million.[15][64]

Du Pont forced Andrews from the project, apparently upon Horowitz's advice,[69] and Andrews sued du Pont in July 1913,[70] leading du Pont to pay Andrews $100,000 for his involvement.[71] Horowitz then corresponded with Ernest Graham, the other major partner at D. H. Burnham & Company after Burnham's June 1912 death,[13] who would become the architect of the new tower.[6][69] Graham designed the structure as a bulky mass, wanting to maximize the amount of office space on the site rather than a corporate symbol.[10] Graham's key concern was with the height of the elevators, and he discussed the issue with preeminent elevator engineer Charles E. Knox, who said that "the elevator service will determine the height of the building".[13] This differed from Graham's previous commissions, where elevators were considered after the height of the building was specified. Knox ultimately recommended against building a 42-story structure, but recommended a 36-story edifice since that height could meet the client's safety and speed criteria.[23]

Opposition to the building soon coalesced.[72] One group of bankers planned to build a park on the site,[73] a suggestion that Horowitz said "outranks, for nerve, anything of which I ever heard", and was dropped when Horowitz suggested that the group raise $13.5 million to buy out du Pont's ownership share.[74][72] Another proposal called for dividing the lot in half by extending New Street, an existing north-south road, north to Cedar Street.[75] This plan also failed,[72] and blueprints were filed with the New York City Department of Buildings in December 1912, which called for a huge H-shaped edifice on the block.[76] On April 12, 1913, du Pont formed the Equitable Office Building Corporation to take title to the building site, and gave Equitable a $20.5 million mortgage loan to run for 60 years. Equitable would lease three floors in exchange for 9% dividends in the building corporation, to be paid in perpetuity.[77][78] Equitable president William A. Day was appointed as chairman of the board of the building corporation.[15][77] Thompson–Starrett was hired as the builder and Horowitz became the "owner's representative".[15]

Construction Edit

 
The Equitable Building in a postcard dated from before 1919

Because of the high land cost, the developers wanted to erect the building as quickly as possible; at the time, buildings' general contractors usually passed work down to subcontractors. To eliminate delays due to a lack of communication between subcontractors, the building corporation formed a "Method of Procedure" to coordinate all work on the building.[23][79] Since there were no nearby material-storage areas, it was imperative that work be completed as quickly as possible.[26] The start of work had already been held up by opposition to the proposed height and shape.[80]

Excavation for the building started in June 1913.[81] The cofferdam around the foundation was initially reinforced with timber cross-bracing until the steel frame underground had been sufficiently completed to support the cofferdam.[21] During excavation, a cannonball from British colonial times was excavated from the site of the Equitable Building.[82] By January 1914, crews had excavated the foundation and dug to the bedrock 83 feet (25 m) below street level.[83] The steel work was built to the second floor using six derricks; the steel frame above that point was erected using lighter derricks with longer masts and booms.[21] There were some accidents during construction, including two incidents in which workers were killed. One worker died after a crane fell on the Broadway side of the building,[84] while another died when a crane dropped a girder onto a platform where six men were working.[85]

The steel frame reached street level in February 1914.[86] The cornerstone was officially laid on April 30, 1914, at a ceremony attended by mayor John Purroy Mitchel. The Equitable Building was the first private construction project in New York City where the mayor attended the cornerstone-laying ceremony.[87] Work on the superstructure officially began on June 10, 1914.[6][26] By August 16, the structure had topped out at 38 stories above the ground level.[88][c] Work on the building was completed on February 1, 1915.[26][89]

Use Edit

The Equitable Building was completed on May 1, 1915,[32] at an estimated cost of $29 million, equivalent to $567,393,000 in 2021.[90] The Equitable Society itself occupied 125,000 square feet (11,600 m2), a little more than 10% of the total floor area, on the sixth through eighth floors.[91] Other early lessees included tenants as diverse as General Electric,[92] the Federal Reserve Bank of New York,[93] the Fidelity Trust Company,[94] and American Smelting & Refining.[95] The Equitable Building was also occupied by industrial concerns such as the American Can Company, Kennecott Copper Company, E. I. du Pont de Nemours, Goodyear Tire and Rubber Company, and Aluminum Company of America, as well as railroads such as Missouri Pacific Railroad, Union Pacific Railroad, and Southern Railway.[22][35] The Equitable Building's other tenants included banks such as Barclays, Marine Midland Bank, and Mellon Bank; financial firms such as Kidder, Peabody & Co. and American Express;[35][96] and the offices of New York attorney general Robert Abrams.[97] Equitable Life itself only had its home office in the Equitable Building until 1924, when it moved to 393 Seventh Avenue (now 11 Penn Plaza).[98]

1910s through 1930s Edit

 
Seen from Cedar and Nassau Streets

At the time of its completion, the Equitable Building had 20,000 employees working inside it, and 50,000 additional daily visitors.[32] Shortly after the official opening, du Pont bought the Equitable Life Assurance Company's controlling interest.[99][100][101] During the first year of operation, du Pont made $3 million in profit.[32] By 1917, the building was fully occupied at an average rental rate of $2.25 per square foot ($24.2/m2).[102] The building's valuation was increased from $20.5 million to $25 million that year, because of a prosperous realty market at the time.[103] The following year, the Equitable Office Building Corporation applied for a reduction in the building's valuation from $25 million to $18 million, due to foreclosures on other large buildings in New York City.[104] Further devaluation occurred in 1921, when the building was estimated to be worth $11.5 million,[105] but by the next year, the building was re-valued at $30 million, making it among the city's most valuable properties.[106][107]

The edifice was first placed for sale in 1923, with du Pont offering the building for $40 million.[108] In 1925, du Pont sold the Equitable Building for $38.5 million to the New York Empire Company,[109][110] a subsidiary of the Brotherhood of Locomotive Engineers and Trainmen.[111] The next year, the Brotherhood sold the building to a syndicate composed of William Henry Vanderbilt, Harry C. Cushing III, and Leroy W. Baldwin for $40 million.[112][113] By 1928, the Equitable Building was assessed at $31 million, making it the highest-valued building in New York City.[114]

1940s through 1960s Edit

By the 1940s, the Equitable Office Building Corporation was in poor financial shape. Bankruptcy proceedings started in 1940, but were delayed due to World War II; three potential investors submitted dueling proposals in 1946.[115] The building was refinanced in 1947, receiving a first-mortgage loan of $14.5 million, among the largest ever in New York City's history.[116] At this time, Equitable Life sold the mortgage on the tower.[18]

In 1954, Webb and Knapp bought all of the Equitable Office Building Corporation's common stock, and thereby acquired ownership of the building.[117][118] Lawrence Wien bought the lease for the land in 1956, though Webb and Knapp retained ownership of the building as well as its operating sublease.[119] By then, Equitable was planning to build the new 1285 Avenue of the Americas on Sixth Avenue between 51st and 52nd streets in Midtown Manhattan.[120] Two years later, the Equitable Life Assurance Company bought the building outright, as part of a $25 million exchange wherein Webb and Knapp bought the Sixth Avenue plot.[121] In addition, Wien assumed the building's operating sublease the same year.[122] Equitable moved to 1285 Avenue of the Americas in 1961 from its previous home office at 393 Seventh Avenue.[29][123]

1970s to present Edit

The building was designated a National Historic Landmark in 1978.[4] Silverstein Properties purchased the Equitable Building in 1980 for $60 million,[124] in partnership with five pension funds whose mortgage nearly covered the purchase price.[125] After buying the building, Larry Silverstein renovated and restored it at a cost of $30 million,[124] to a design by Ehrenkrantz, Eckstut & Whitelaw.[1][14] The project entailed replacing the terracotta ornamentation, as well as the original terracotta frames for the windows, which was replaced with glass-fiber reinforced plastic. The window sash and main entrances were also replaced, and the lobby was refurbished.[96][126] The renovation was completed in 1990.[96][127] As a result of the project, occupancy rates increased from 60% in 1991 to 80% in 1993.[128] Following the early 1990s recession, Silverstein sold his ownership stake and leased the Equitable Building, though Silverstein Properties bought it back in 1999.[129] The New York City Landmarks Preservation Commission designated the Equitable Building a New York City landmark in 1996.[1][14] Silverstein supported the city designation, and the commission wrote in its report that the Equitable Building was "one of the finest office buildings of the era".[55] In 2007, it was designated as a contributing property to the Wall Street Historic District,[130] a NRHP district.[131]

In 2017, Silverstein announced another round of renovations, which cost $50 million and were undertaken by Beyer Blinder Belle.[33] The plan included restoring many historic features including the glass mosaic at the front entrance, the chandeliers in the lobby, and reopening the Bankers Club at the top of the building as an amenity space. The renovation also created twin rooftop terraces spanning a combined 5,500 square feet (510 m2).[41][132] The renovation was completed in July 2019.[133][134] Several murals resembling street art were installed on the third floor in November 2019.[135][136] Tenants as of 2023 include the New York City Department of City Planning,[137] Macmillan Publishers,[138] architecture firm Beyer Blinder Belle,[139] the Securities Industry and Financial Markets Association,[140] the New York City Housing Development Corporation,[141] and Tower Research Capital.[142]

Notable incidents Edit

There were numerous incidents where parts of the building were damaged. For instance, lightning caused part of the cornice to break off during 1925.[143] In March 1942, a seven-inch (17 cm) shell struck the 37th floor of the building but caused little damage and no injuries. The shell was one of eight fired by an anti-aircraft battery near the East River by mistake; the other rounds fell harmlessly into the river.[144][145] The 1942 incident made the Equitable Building the first in New York City to suffer war damage during World War II, and it subsequently took out an insurance policy.[146] In February 1953, a broken water main flooded the basements with 2 million US gallons (7,600,000 L) of water, temporarily disabling the elevators.[147][148]

Throughout the Equitable Building's history, several people have died after they fell or jumped from the building. In the building's early years, such incidents included a clerk who landed on a taxi in 1925;[149] a woman who jumped from the roof after losing money in the Wall Street Crash of 1929;[150] a broker who jumped in 1937;[151] and an incident in 1930 where a jumper killed both himself and a truck driver on the ground.[152] There were also several people who killed themselves inside the building, such as the shooting suicide of a politician in 1933 and another one in 1937.[153]

Impact Edit

Critical reception Edit

Many architectural critics had negative comments about the Equitable Building.[154] Francisco Mujica stated in 1927 that "its intelligent interior arrangement and the central location of its 50 elevators" was the only appealing part of the Equitable Building.[154][155] Another critic called it a "monstrous parasite on the veins and arteries of New York".[16] Sally A. Kitt Chappell wrote that the Equitable Building "was tall but without the redeeming slender, spirelike quality of a tower, and yet its height prevented it from having the urbanistic decorum of an office block".[31] However, Chappell also wrote that the building had "mitigate[d] two of the major evils of which skyscrapers were accused, as its fireproofing and elevator service attest."[154]

There was also significant resistance to the building's shape.[72] Opponents stated that the building also overwhelmed nearby infrastructure by blocking ventilation, straining nearby transit facilities, and preventing firemen from easily reaching the upper floors. The shadow was more than six times the lot area and up to 0.2 miles (320 m) long.[31][8] One journal stated that the Equitable Building cast a 7-acre (28,000 m2) shadow on its surroundings, including a permanent shadow on the Singer Building up to its 27th floor and the City Investing Building up to its 24th floor, and completely cutting off sunshine to at least three other adjacent buildings shorter than 21 stories.[156] Even during the cornerstone laying, Mayor Mitchel had alluded to the possibility that the Equitable Building might be the last bulky skyscraper to be erected in New York City.[157]

Zoning law Edit

 
The Equitable Building in 2011, showing the effect of pre-zoning skyscrapers when seen from the sidewalk

The Equitable Building's construction was one of the influences behind the passage of zoning reform in New York City.[31][90] The AIA Guide to New York City described the building as "more famous for what it caused than what it is",[158] although the Equitable Building was only one of the several catalysts of such reform.[31][159]

Opposition to super-tall buildings dated as far back as 1894.[31] Early attempts by Ernest Flagg to limit the height of New York's skyscrapers in 1896 failed; further unsuccessful attempts followed between 1906 and 1908, and legislation was turned down again in 1909, partially because of pressure from the real estate industry.[8][160] After 1913, however, the city's property market entered a recession, and vacancy levels in buildings began to rise.[160] The Committee on Congestion of Population in New York,[d] as well as the Fifth Avenue Association, were among the groups that advocated for such legislation to limit building heights.[31][161][162] The New York City Board of Aldermen's Building Commission had published preliminary reports for zoning controls in 1913, when the Equitable Building was barely under construction. Nevertheless, in the following years, opponents of super-tall skyscrapers frequently cited the Equitable Building's bulk.[31]

After the Equitable Building's completion, numerous nearby property owners filed for reduced property valuation assessments on the basis that significant rental income had been taken by the shadow that the building cast.[154] Following the public criticism of the Equitable Building, the real estate industry finally ceased its objections to new legislation, and the 1916 Zoning Resolution was passed.[160] The legislation limited the height and required setbacks for new buildings to allow the penetration of sunlight to street level. New buildings were thus required to withdraw progressively at a defined angle from the street as they rose, in order to preserve sunlight and the open atmosphere in their surroundings.[72][159] Chappell writes that if the Equitable Building were completed after the resolution's passage, it would have had two setbacks below the 18th floor, and the building above that point would have been a small tower.[154] The effort to place restrictions on land use in New York City led to the Standard State Zoning Enabling Act, a nationwide zoning legislation.[163] The subsequent 1961 Zoning Resolution allowed the construction of bulky towers if they contained plazas.[8]

See also Edit

References Edit

Notes Edit

  1. ^ Sources disagree on the exact dimensions, but these are accurate to about 3 feet (0.91 m) of each other.[6][7][8]
  2. ^ D. H. Burnham & Company was renamed Graham, Burnham & Co. in 1912; the firm later became Graham, Anderson, Probst & White.[13]
  3. ^ These 38 floors included the interior floors (not visible from the facade) but excluded the two-story penthouse.
  4. ^ Created in 1907 by a group of citizens that included Benjamin C. Marsh[161]

Citations Edit

  1. ^ a b c d e White, Norval; Willensky, Elliot; Leadon, Fran (2010). AIA Guide to New York City (5th ed.). New York: Oxford University Press. p. 39. ISBN 978-0-19538-386-7.
  2. ^ "Cultural Resource Information System (CRIS)". New York State Office of Parks, Recreation and Historic Preservation. November 7, 2014. Retrieved July 20, 2023.
  3. ^ "National Register Information System". National Register of Historic Places. National Park Service. January 23, 2007.
  4. ^ a b . National Historic Landmark summary listing. National Park Service. September 12, 2007. Archived from the original on June 5, 2011. Retrieved September 13, 2007.
    • Adams, George R. (January 1977). "Equitable Building – National Register of Historic Places Inventory-Nomination". National Park Service.
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  163. ^ Advisory Committee on Zoning (1926). A Standard State Zoning Enabling Act: Under which municipalities may adopt zoning regulations (PDF) (Revised (1926) ed.). U.S. Government Printing Office. p. iii. (PDF) from the original on August 19, 2020. Retrieved May 13, 2020.

Sources Edit

  • Buley, R.C. (1959). The Equitable Life Assurance Society of the United States: One Hundredth Anniversary History, 1859/1959. The Equitable Life Assurance Society of the United States: One Hundredth Anniversary History, 1859/1959. Appleton-Century-Crofts. from the original on August 25, 2021. Retrieved May 13, 2020.
  • Chappell, S.A.K. (1992). Architecture and Planning of Graham, Anderson, Probst and White, 1912-1936: Transforming Tradition. Chicago Architecture and Urbanism. University of Chicago Press. pp. 104–110. ISBN 978-0-226-10134-7.
  • "Equitable Building" (PDF). New York City Landmarks Preservation Commission. June 25, 1996. (PDF) from the original on July 31, 2020. Retrieved May 6, 2020.
  • "Historic Structures Report: Equitable Building". National Register of Historic Places, National Park Service. June 2, 1978. from the original on August 19, 2020. Retrieved May 6, 2020.
  • Horowitz, Louis J.; Sparkes, B.; Shreve, H.A. (2011). The Towers Of New York: The Memoirs Of A Master Builder. Literary Licensing, LLC. ISBN 978-1-258-18724-8.
  • Korom, Joseph J. (2008). The American Skyscraper, 1850-1940: A Celebration of Height. Branden Books. ISBN 978-0-8283-2188-4.
  • Landau, Sarah; Condit, Carl W. (1996). Rise of the New York Skyscraper, 1865–1913. New Haven, CT: Yale University Press. ISBN 978-0-300-07739-1. OCLC 32819286.
  • "The Epic of the Equitable". The Real Estate Magazine. Vol. 5, no. 2. Allied Publishing Company. February 1915. from the original on June 24, 2021. Retrieved June 17, 2021. Full issue dedicated to the Equitable building.
  • Willis, Carol (1995). Form Follows Finance: Skyscrapers and Skylines in New York and Chicago. Princeton Architectural Press. ISBN 978-1-56898-044-7.

External links Edit

    equitable, building, manhattan, this, article, about, 1915, building, broadway, 1870, building, constructed, this, same, site, equitable, life, building, manhattan, 1985, building, seventh, avenue, equitable, center, equitable, building, office, skyscraper, lo. This article is about the 1915 building on Broadway For the 1870 building constructed on this same site see Equitable Life Building Manhattan For the 1985 building on Seventh Avenue see Axa Equitable Center The Equitable Building is an office skyscraper located at 120 Broadway between Pine and Cedar Streets in the Financial District of Lower Manhattan in New York City The skyscraper was designed by Ernest R Graham in the neoclassical style with Peirce Anderson as the architect in charge It is 555 feet 169 m tall with 38 stories and 1 2 million square feet 110 000 m2 of floor space The building s articulation consists of three horizontal sections similar to the components of a column namely a base shaft and capital Equitable BuildingU S National Register of Historic PlacesU S National Historic LandmarkU S Historic districtContributing propertyNew York State Register of Historic PlacesNew York City Landmark No 1935The building in 2010Location120 BroadwayManhattan New York CityCoordinates40 42 30 N 74 00 37 W 40 70833 N 74 01028 W 40 70833 74 01028Built1913 1915 1 ArchitectErnest R GrahamArchitectural styleNeoclassicalPart ofWall Street Historic District ID07000063 NRHP reference No 78001869NYSRHP No 06101 001692NYCL No 1935Significant datesAdded to NRHPJune 2 1978 3 Designated NHLJune 2 1978 4 Designated NYSRHPJune 23 1980 2 Designated NYCLJune 25 1996The Equitable Building replaced the Equitable Life Building the previous headquarters of the Equitable Life Insurance Company which burned down in 1912 Work on the Equitable Building started in 1913 and was completed in 1915 Upon opening it was the largest office building in the world by floor area The Equitable Building hosted a variety of tenants and by the 1920s was the most valuable building in New York City The Equitable Life Insurance Company the building s namesake occupied a small portion of the building until it moved out during 1960 The owner as of 2022 update Silverstein Properties purchased the Equitable Building in 1980 and renovated it multiple times Upon its completion the Equitable Building was controversial because of its lack of setbacks which in turn does not allow sunlight to reach the surrounding ground This contributed to the adoption of the first modern building and zoning restrictions on vertical structures in Manhattan the 1916 Zoning Resolution The building was designated a National Historic Landmark in 1978 and was designated a city landmark by the New York City Landmarks Preservation Commission in 1996 It is also a contributing property to the Wall Street Historic District a NRHP district created in 2007 Contents 1 Site 2 Architecture 2 1 Form 2 2 Facade 2 3 Features 2 3 1 Structural features 2 3 2 Interior 2 3 3 Operations 3 History 3 1 Context 3 2 Planning and construction 3 2 1 Planning 3 2 2 Construction 3 3 Use 3 3 1 1910s through 1930s 3 3 2 1940s through 1960s 3 3 3 1970s to present 4 Notable incidents 5 Impact 5 1 Critical reception 5 2 Zoning law 6 See also 7 References 7 1 Notes 7 2 Citations 7 3 Sources 8 External linksSite EditThe building occupies the entire block bounded by Broadway to the west Cedar Street to the north Nassau Street to the east and Pine Street to the south The dimensions of the block are irregular 5 6 The building has a frontage measuring approximately 167 feet 51 m on Broadway 312 feet 95 m on Cedar Street 152 feet 46 m on Nassau Street and 304 feet 93 m on Pine Street 6 7 8 a The plot is shaped like a trapezoid with the Nassau Street and Broadway frontages being almost parallel 9 The plot covers about 48 000 49 000 square feet 4 500 4 600 m2 7 10 according to the New York City Department of City Planning the building has a lot area of 49 614 square feet 4 609 3 m2 11 The building is assigned its own ZIP Code 10271 it was one of 41 buildings in Manhattan that had their own ZIP Codes as of 2019 update 12 There are numerous buildings and structures immediately adjacent to the Equitable Building Zuccotti Park is located to the northwest while 140 Broadway is to the north and 28 Liberty Street is to the northeast Federal Hall National Memorial is to the southeast and 14 Wall Street and the American Surety Building are to the south Across Broadway to the west and southwest are the Trinity and United States Realty Buildings 5 Architecture EditThe Equitable Building an early skyscraper was designed by Ernest R Graham of D H Burnham amp Company later Graham Anderson Probst amp White 1 b with Peirce Anderson as the architect in charge 14 In contrast to the contemporary Metropolitan Life Insurance Company Tower Singer Building and Woolworth Building the Equitable Building was designed as a bulky mass rather than a slender romantic tower This was affected by the fact that the other three buildings were corporate symbols from renowned architects while the Equitable Building was a speculative development whose designer had little experience in New York City 15 The ultimate design was distinct from corporate structures such as the Met Life Tower or restrained office buildings such as the Flatiron Building 9 and raised substantial controversy upon its completion 16 The articulation consists of three horizontal sections similar to the components of a column namely a base shaft and capital 15 17 18 The exterior is inspired from Greek and Roman architecture In total it is 555 feet 169 m tall when the penthouse s center tower is included a separate measurement of 545 feet 166 m is given when measured to the top of the other penthouses and the height excluding any of the penthouses is 525 feet 160 m 19 20 Form Edit Although the Equitable Building is 40 stories tall with 555 feet 169 m this includes two stories in the building s penthouses as well as two interior stories that are not visible from the facade 19 The interior stories are located at the 3rd and 34th floors 21 and there are three basement levels 22 The exterior of the building thus consists of 36 stories with a total height of 525 feet 160 m 19 Originally the structure was proposed as a 42 story skyscraper but this was reduced to 36 effective stories to maximize elevator safety and speed given the assumption that 50 000 people visited the building each day and that there were 48 elevators that could each serve 1 200 people an hour 23 The Equitable Building has no setback from the street beyond the depth of the sidewalk 24 This is because Graham wanted the building to have the latest technological systems such as elevators heating ventilation and fireproofing while also maximizing usable office space 10 13 Two light courts recesses one each to the east and west bisect the facades above the seventh floor 9 25 As a result the Equitable Building appears in the shape of the letter H when viewed from above 7 17 26 The design of the Equitable Building is similar to that of the now demolished Hudson Terminal office buildings and the 49 Chambers building 17 The two story penthouse is 30 feet 9 1 m tall 7 the penthouse roof is 20 feet 6 1 m tall but the center tower rises another 10 feet 3 0 m 20 Facade Edit nbsp Building entranceThe building s facade is made of brick granite and terracotta 6 17 18 and white Yule Marble and iron are also used in the building 6 The granite brick and marble were estimated to be 250 000 short tons 220 000 long tons 230 000 t 20 22 Anderson designed the facade with a base shaft and capital similar to the Broadway Chambers Building by Cass Gilbert but with facades on all sides 27 The building contains eighteen vertical window bays each on the Pine and Cedar Street facades and seven bays each on the Broadway and Nassau Street facades three on each wing of the H 8 18 The window bays each consist of two windows on each floor except the center bay on Broadway and Nassau Street which includes three windows on the 5th through 7th floors 8 The lowest four stories were made of granite while the 5th through 7th stories have a facade of granite and terracotta 7 On Broadway and Nassau Street there are Corinthian style pilasters which are 54 feet 16 m tall and topped by ornamented capitals Double height arches with three revolving doors are located at the centers of these facades 9 18 25 Above this is a plaque reading equitable building on the third story 8 28 as well as an ornamented terracotta frieze at the fourth story which is 12 feet 3 7 m wide 25 The entrances on Cedar Street and Pine Street are more plainly designed with narrower square arches the doors are located below green marble panels 25 29 The remaining windows on the first floor are stainless steel show windows which illuminate the commercial spaces inside Though most of the commercial space is accessed from the lobby there is also a service entrance and a shop entrance from the Cedar Street side 29 The window openings on the second third fifth and sixth floors are separated by vertical mullions and horizontal spandrel panels made of green terracotta Flagpoles hang from the seventh story 8 The 8th through 38th stories were made of light gray brick and matching terracotta trim 30 On the Broadway and Nassau Street facades the light court divides the primary facades into two wings each with three window bays The portions of the facade facing these light courts are faced with brick 25 29 Medallions with cornices are located at the corners of the building at the 7th and 31st floors 29 There is no ornamentation on the 8th through 30th floors while there are belt courses below the 31st and 32nd floors The facade between the 32nd and 35th floors is composed of a colonnade with terracotta pilasters between each column of windows topped by ornamented capitals The colonnade terminates at the top of the 35th floor where there is an elaborate cornice Another belt course separates the 36th and 37th floors and a cornice is located above the 38th floor 25 28 29 The top of the building composed of the penthouse is faced with brick and terracotta 22 29 It contains pilasters similar to the lower sections of the building 25 The main penthouse atop the center of the H has dimensions of 85 by 120 feet 26 by 37 m 7 Penthouses are located atop the wings as well 29 Features Edit Upon its completion the Equitable Building was the largest office building in the world by total area 14 The building had 1 2 million square feet 110 000 m2 of floor space 1 22 31 and each of the upper stories has 30 000 square feet 2 800 m2 due to the H shaped footprints 18 22 A fact sheet published at the time of the Equitable Building s completion estimated that it had approximately 5 000 windows and 10 000 doors 22 Structural features Edit The foundations descended to 85 feet 26 m below ground level 10 18 22 The foundation is surrounded by a concrete cofferdam which measures 6 feet 1 8 m wide and is reinforced by steel rods 18 19 Within the foundation are eighty piers each of made of concrete and steel 18 20 22 A retaining wall between Cedar and Pine Streets is used to reinforce two of the cellar levels for vaults 7 The superstructure weighs 32 500 short tons 29 000 long tons 29 500 t 20 22 26 At the time of the Equitable Building s construction it was described as the world s heaviest structure 21 There are 88 granite columns that rest on the piers within the foundation and another 50 columns that rest atop the cofferdam 22 Interior Edit nbsp 1st floor plan nbsp 7th floor plan The ground floor lobby is composed of two perpendicular arcades a west east corridor from Broadway to Nassau Street and a north south corridor from Pine to Cedar Streets All four entrances contained bronze revolving doors 25 The lobby has a pink marble floor sand colored marble walls and a vaulted coffered ceiling The corridors are 24 feet 7 3 m wide while the ceiling ranges from 20 feet 6 1 m tall at the edges to 35 feet 11 m tall at the center 25 32 The ceiling is designed in patterns of octagons and squares 26 Also in the lobby are the elevators which contain marble and bronze doors 28 32 and are located in the central section of the H 26 Banking spaces and storefronts are also located on the ground floor accessible from the lobby 8 25 28 To the southeast and northwest marble stairs with balustrades lead to the basements and second floor 28 The first basement level has safe deposit vaults designed by Frederick S Holmes 28 In the basement there are also connections to several New York City Subway stations including Wall Street served by the 4 and 5 trains Wall Street served by the 2 and 3 trains and Broad Street served by the J and Z trains 33 At opening half of the basement was occupied by the Cafe Savarin a 1 000 seat eatery with three rooms fitted with bright blue tiled walls and floors 34 On the upper floors a staircase restrooms and utilities are clustered into the core of the H The light courts within the H ensured that all offices could receive natural light 21 West east corridors ran perpendicularly to the elevator lobbies crossing both wings of the H 35 Floors were arranged so that they could be divided into suites facing outward so that all suites faced windows though it was also possible for lessees to rent entire floors 20 Upon the building s opening Equitable also provided rest and recreation rooms for the building s 2 000 female employees making it the first large building to have a women s welfare department 36 Also in the building was the library of the New York Law Institute 37 which remains in the building as of 2020 update 38 The Equitable Building housed the 1 500 member Bankers Club on its top three floors when it opened The club had five dining rooms a lounge reception rooms and an open air terrace 39 34 The club was highly frequented by notable financial figures and socialites in New York City hosting politicians and leaders such as United Kingdom prime minister Winston Churchill French president Charles de Gaulle Soviet Union leader Nikita Khrushchev and Queen of the United Kingdom Elizabeth II It closed in 1979 after the club s lease expired 40 41 Operations Edit The operations of the Equitable Building were described as being akin to a small city When the building opened there was a power station 50 feet 15 m below ground level It contained seven boilers with a combined output of 3 500 horsepower 2 600 kW which took up a space measuring 145 by 180 feet 44 by 55 m There was also an artificial ice plant 20 The power station originally burned oil consuming 2 5 million barrels per year but started using coal in 1934 due to a rise in fuel prices 42 At the time of completion the Equitable Building was said to have more telephones than did all of Greece 43 The building contains 50 elevators the 48 elevators serving the above ground levels are clustered in six groups of eight while an additional two elevators serve the basements 20 The Equitable Building previously contained as many as 62 elevators 44 History EditContext Edit Main article Equitable Life Building Manhattan History During the 19th century life insurance firms were some of the first companies to build high profile skyscrapers 45 The Equitable Life Assurance Society of the United States founded by Henry Baldwin Hyde in 1859 46 47 had built the Equitable Life Building on 120 Broadway in 1870 48 49 The Equitable Life Building was the first office building to feature passenger elevators 50 and at a record 130 feet 40 m upon construction was among the world s first skyscrapers 49 The building was expanded numerous times including in 1875 51 and in 1887 52 Equitable assumed control of all properties on the block by 1906 53 54 By the 1890s the Equitable Life Building was architecturally outdated and George B Post prepared plans for a 40 story structure in 1897 which did not proceed 55 In 1907 Daniel H Burnham s company had proposed replacing the Equitable Life Building with a 33 story structure 17 At the time both Burnham and Equitable publicly denied that a new home office was being planned 53 56 Burnham s firm filed plans for a 62 story building in 1908 to top the Singer Building and Metropolitan Life Tower This new building would have had a 34 story base and a 28 story tower being 909 feet 277 m tall with 40 acres 160 000 m2 of floor area and 3 600 offices 53 57 58 Although bidding for the proposed structure began in December 1908 53 Equitable president Paul Morton publicly denied plans for a new structure 59 The plan was ultimately dropped possibly due to opposition over the building s sheer bulk 17 nbsp 1912 fireThe Equitable Life Building was destroyed by a fire on January 9 1912 which killed six people 60 61 Fire engines could not save the structure because the water from the engines had frozen in the cold weather 17 62 Equitable quickly set up temporary quarters at the City Investing Building 63 64 Given that the previous building had been worth very little 63 65 the land was actually worth more after the fire than beforehand 66 Planning and construction Edit Planning Edit After the fire Thompson Starrett was hired to clear the site 67 and the plot was chosen as the location for Equitable s new headquarters building 17 Thompson Starrett president Louis J Horowitz approached businessman T Coleman du Pont 6 15 who later recalled that du Pont was interested in the idea of owning a gigantic building in New York 6 Frank M Andrews who designed another one of du Pont s properties the Hotel McAlpin was also involved in the project Horowitz Andrews and du Pont were said to have bought the lot in August 1912 15 68 and finalized the sale that October for 13 5 million 15 64 Du Pont forced Andrews from the project apparently upon Horowitz s advice 69 and Andrews sued du Pont in July 1913 70 leading du Pont to pay Andrews 100 000 for his involvement 71 Horowitz then corresponded with Ernest Graham the other major partner at D H Burnham amp Company after Burnham s June 1912 death 13 who would become the architect of the new tower 6 69 Graham designed the structure as a bulky mass wanting to maximize the amount of office space on the site rather than a corporate symbol 10 Graham s key concern was with the height of the elevators and he discussed the issue with preeminent elevator engineer Charles E Knox who said that the elevator service will determine the height of the building 13 This differed from Graham s previous commissions where elevators were considered after the height of the building was specified Knox ultimately recommended against building a 42 story structure but recommended a 36 story edifice since that height could meet the client s safety and speed criteria 23 Opposition to the building soon coalesced 72 One group of bankers planned to build a park on the site 73 a suggestion that Horowitz said outranks for nerve anything of which I ever heard and was dropped when Horowitz suggested that the group raise 13 5 million to buy out du Pont s ownership share 74 72 Another proposal called for dividing the lot in half by extending New Street an existing north south road north to Cedar Street 75 This plan also failed 72 and blueprints were filed with the New York City Department of Buildings in December 1912 which called for a huge H shaped edifice on the block 76 On April 12 1913 du Pont formed the Equitable Office Building Corporation to take title to the building site and gave Equitable a 20 5 million mortgage loan to run for 60 years Equitable would lease three floors in exchange for 9 dividends in the building corporation to be paid in perpetuity 77 78 Equitable president William A Day was appointed as chairman of the board of the building corporation 15 77 Thompson Starrett was hired as the builder and Horowitz became the owner s representative 15 Construction Edit nbsp The Equitable Building in a postcard dated from before 1919Because of the high land cost the developers wanted to erect the building as quickly as possible at the time buildings general contractors usually passed work down to subcontractors To eliminate delays due to a lack of communication between subcontractors the building corporation formed a Method of Procedure to coordinate all work on the building 23 79 Since there were no nearby material storage areas it was imperative that work be completed as quickly as possible 26 The start of work had already been held up by opposition to the proposed height and shape 80 Excavation for the building started in June 1913 81 The cofferdam around the foundation was initially reinforced with timber cross bracing until the steel frame underground had been sufficiently completed to support the cofferdam 21 During excavation a cannonball from British colonial times was excavated from the site of the Equitable Building 82 By January 1914 crews had excavated the foundation and dug to the bedrock 83 feet 25 m below street level 83 The steel work was built to the second floor using six derricks the steel frame above that point was erected using lighter derricks with longer masts and booms 21 There were some accidents during construction including two incidents in which workers were killed One worker died after a crane fell on the Broadway side of the building 84 while another died when a crane dropped a girder onto a platform where six men were working 85 The steel frame reached street level in February 1914 86 The cornerstone was officially laid on April 30 1914 at a ceremony attended by mayor John Purroy Mitchel The Equitable Building was the first private construction project in New York City where the mayor attended the cornerstone laying ceremony 87 Work on the superstructure officially began on June 10 1914 6 26 By August 16 the structure had topped out at 38 stories above the ground level 88 c Work on the building was completed on February 1 1915 26 89 Use Edit The Equitable Building was completed on May 1 1915 32 at an estimated cost of 29 million equivalent to 567 393 000 in 2021 90 The Equitable Society itself occupied 125 000 square feet 11 600 m2 a little more than 10 of the total floor area on the sixth through eighth floors 91 Other early lessees included tenants as diverse as General Electric 92 the Federal Reserve Bank of New York 93 the Fidelity Trust Company 94 and American Smelting amp Refining 95 The Equitable Building was also occupied by industrial concerns such as the American Can Company Kennecott Copper Company E I du Pont de Nemours Goodyear Tire and Rubber Company and Aluminum Company of America as well as railroads such as Missouri Pacific Railroad Union Pacific Railroad and Southern Railway 22 35 The Equitable Building s other tenants included banks such as Barclays Marine Midland Bank and Mellon Bank financial firms such as Kidder Peabody amp Co and American Express 35 96 and the offices of New York attorney general Robert Abrams 97 Equitable Life itself only had its home office in the Equitable Building until 1924 when it moved to 393 Seventh Avenue now 11 Penn Plaza 98 1910s through 1930s Edit nbsp Seen from Cedar and Nassau StreetsAt the time of its completion the Equitable Building had 20 000 employees working inside it and 50 000 additional daily visitors 32 Shortly after the official opening du Pont bought the Equitable Life Assurance Company s controlling interest 99 100 101 During the first year of operation du Pont made 3 million in profit 32 By 1917 the building was fully occupied at an average rental rate of 2 25 per square foot 24 2 m2 102 The building s valuation was increased from 20 5 million to 25 million that year because of a prosperous realty market at the time 103 The following year the Equitable Office Building Corporation applied for a reduction in the building s valuation from 25 million to 18 million due to foreclosures on other large buildings in New York City 104 Further devaluation occurred in 1921 when the building was estimated to be worth 11 5 million 105 but by the next year the building was re valued at 30 million making it among the city s most valuable properties 106 107 The edifice was first placed for sale in 1923 with du Pont offering the building for 40 million 108 In 1925 du Pont sold the Equitable Building for 38 5 million to the New York Empire Company 109 110 a subsidiary of the Brotherhood of Locomotive Engineers and Trainmen 111 The next year the Brotherhood sold the building to a syndicate composed of William Henry Vanderbilt Harry C Cushing III and Leroy W Baldwin for 40 million 112 113 By 1928 the Equitable Building was assessed at 31 million making it the highest valued building in New York City 114 1940s through 1960s Edit By the 1940s the Equitable Office Building Corporation was in poor financial shape Bankruptcy proceedings started in 1940 but were delayed due to World War II three potential investors submitted dueling proposals in 1946 115 The building was refinanced in 1947 receiving a first mortgage loan of 14 5 million among the largest ever in New York City s history 116 At this time Equitable Life sold the mortgage on the tower 18 In 1954 Webb and Knapp bought all of the Equitable Office Building Corporation s common stock and thereby acquired ownership of the building 117 118 Lawrence Wien bought the lease for the land in 1956 though Webb and Knapp retained ownership of the building as well as its operating sublease 119 By then Equitable was planning to build the new 1285 Avenue of the Americas on Sixth Avenue between 51st and 52nd streets in Midtown Manhattan 120 Two years later the Equitable Life Assurance Company bought the building outright as part of a 25 million exchange wherein Webb and Knapp bought the Sixth Avenue plot 121 In addition Wien assumed the building s operating sublease the same year 122 Equitable moved to 1285 Avenue of the Americas in 1961 from its previous home office at 393 Seventh Avenue 29 123 1970s to present Edit The building was designated a National Historic Landmark in 1978 4 Silverstein Properties purchased the Equitable Building in 1980 for 60 million 124 in partnership with five pension funds whose mortgage nearly covered the purchase price 125 After buying the building Larry Silverstein renovated and restored it at a cost of 30 million 124 to a design by Ehrenkrantz Eckstut amp Whitelaw 1 14 The project entailed replacing the terracotta ornamentation as well as the original terracotta frames for the windows which was replaced with glass fiber reinforced plastic The window sash and main entrances were also replaced and the lobby was refurbished 96 126 The renovation was completed in 1990 96 127 As a result of the project occupancy rates increased from 60 in 1991 to 80 in 1993 128 Following the early 1990s recession Silverstein sold his ownership stake and leased the Equitable Building though Silverstein Properties bought it back in 1999 129 The New York City Landmarks Preservation Commission designated the Equitable Building a New York City landmark in 1996 1 14 Silverstein supported the city designation and the commission wrote in its report that the Equitable Building was one of the finest office buildings of the era 55 In 2007 it was designated as a contributing property to the Wall Street Historic District 130 a NRHP district 131 In 2017 Silverstein announced another round of renovations which cost 50 million and were undertaken by Beyer Blinder Belle 33 The plan included restoring many historic features including the glass mosaic at the front entrance the chandeliers in the lobby and reopening the Bankers Club at the top of the building as an amenity space The renovation also created twin rooftop terraces spanning a combined 5 500 square feet 510 m2 41 132 The renovation was completed in July 2019 133 134 Several murals resembling street art were installed on the third floor in November 2019 135 136 Tenants as of 2023 update include the New York City Department of City Planning 137 Macmillan Publishers 138 architecture firm Beyer Blinder Belle 139 the Securities Industry and Financial Markets Association 140 the New York City Housing Development Corporation 141 and Tower Research Capital 142 Notable incidents EditThere were numerous incidents where parts of the building were damaged For instance lightning caused part of the cornice to break off during 1925 143 In March 1942 a seven inch 17 cm shell struck the 37th floor of the building but caused little damage and no injuries The shell was one of eight fired by an anti aircraft battery near the East River by mistake the other rounds fell harmlessly into the river 144 145 The 1942 incident made the Equitable Building the first in New York City to suffer war damage during World War II and it subsequently took out an insurance policy 146 In February 1953 a broken water main flooded the basements with 2 million US gallons 7 600 000 L of water temporarily disabling the elevators 147 148 Throughout the Equitable Building s history several people have died after they fell or jumped from the building In the building s early years such incidents included a clerk who landed on a taxi in 1925 149 a woman who jumped from the roof after losing money in the Wall Street Crash of 1929 150 a broker who jumped in 1937 151 and an incident in 1930 where a jumper killed both himself and a truck driver on the ground 152 There were also several people who killed themselves inside the building such as the shooting suicide of a politician in 1933 and another one in 1937 153 Impact EditCritical reception Edit Many architectural critics had negative comments about the Equitable Building 154 Francisco Mujica stated in 1927 that its intelligent interior arrangement and the central location of its 50 elevators was the only appealing part of the Equitable Building 154 155 Another critic called it a monstrous parasite on the veins and arteries of New York 16 Sally A Kitt Chappell wrote that the Equitable Building was tall but without the redeeming slender spirelike quality of a tower and yet its height prevented it from having the urbanistic decorum of an office block 31 However Chappell also wrote that the building had mitigate d two of the major evils of which skyscrapers were accused as its fireproofing and elevator service attest 154 There was also significant resistance to the building s shape 72 Opponents stated that the building also overwhelmed nearby infrastructure by blocking ventilation straining nearby transit facilities and preventing firemen from easily reaching the upper floors The shadow was more than six times the lot area and up to 0 2 miles 320 m long 31 8 One journal stated that the Equitable Building cast a 7 acre 28 000 m2 shadow on its surroundings including a permanent shadow on the Singer Building up to its 27th floor and the City Investing Building up to its 24th floor and completely cutting off sunshine to at least three other adjacent buildings shorter than 21 stories 156 Even during the cornerstone laying Mayor Mitchel had alluded to the possibility that the Equitable Building might be the last bulky skyscraper to be erected in New York City 157 Zoning law Edit nbsp The Equitable Building in 2011 showing the effect of pre zoning skyscrapers when seen from the sidewalkThe Equitable Building s construction was one of the influences behind the passage of zoning reform in New York City 31 90 The AIA Guide to New York City described the building as more famous for what it caused than what it is 158 although the Equitable Building was only one of the several catalysts of such reform 31 159 Opposition to super tall buildings dated as far back as 1894 31 Early attempts by Ernest Flagg to limit the height of New York s skyscrapers in 1896 failed further unsuccessful attempts followed between 1906 and 1908 and legislation was turned down again in 1909 partially because of pressure from the real estate industry 8 160 After 1913 however the city s property market entered a recession and vacancy levels in buildings began to rise 160 The Committee on Congestion of Population in New York d as well as the Fifth Avenue Association were among the groups that advocated for such legislation to limit building heights 31 161 162 The New York City Board of Aldermen s Building Commission had published preliminary reports for zoning controls in 1913 when the Equitable Building was barely under construction Nevertheless in the following years opponents of super tall skyscrapers frequently cited the Equitable Building s bulk 31 After the Equitable Building s completion numerous nearby property owners filed for reduced property valuation assessments on the basis that significant rental income had been taken by the shadow that the building cast 154 Following the public criticism of the Equitable Building the real estate industry finally ceased its objections to new legislation and the 1916 Zoning Resolution was passed 160 The legislation limited the height and required setbacks for new buildings to allow the penetration of sunlight to street level New buildings were thus required to withdraw progressively at a defined angle from the street as they rose in order to preserve sunlight and the open atmosphere in their surroundings 72 159 Chappell writes that if the Equitable Building were completed after the resolution s passage it would have had two setbacks below the 18th floor and the building above that point would have been a small tower 154 The effort to place restrictions on land use in New York City led to the Standard State Zoning Enabling Act a nationwide zoning legislation 163 The subsequent 1961 Zoning Resolution allowed the construction of bulky towers if they contained plazas 8 See also Edit nbsp Architecture portal nbsp New York City portal nbsp NRHP portalEarly skyscrapers List of National Historic Landmarks in New York City List of New York City Designated Landmarks in Manhattan below 14th Street National Register of Historic Places listings in Manhattan below 14th StreetReferences EditNotes Edit Sources disagree on the exact dimensions but these are accurate to about 3 feet 0 91 m of each other 6 7 8 D H Burnham amp Company was renamed Graham Burnham amp Co in 1912 the firm later became Graham Anderson Probst amp White 13 These 38 floors included the interior floors not visible from the facade but excluded the two story penthouse Created in 1907 by a group of citizens that included Benjamin C Marsh 161 Citations Edit a b c d e White Norval Willensky Elliot Leadon Fran 2010 AIA Guide to New York City 5th ed New York Oxford University Press p 39 ISBN 978 0 19538 386 7 Cultural Resource Information System CRIS New York State Office of Parks Recreation and Historic Preservation November 7 2014 Retrieved July 20 2023 National Register Information System National Register of Historic Places National Park Service January 23 2007 a b Equitable Building National Historic Landmark summary listing National Park Service September 12 2007 Archived from the original on June 5 2011 Retrieved September 13 2007 Adams George R January 1977 Equitable Building National Register of Historic Places Inventory Nomination National Park Service Equitable Building Accompanying Photos National Register of Historic Places National Park Service January 1977 a b NYCityMap NYC gov New York City Department of Information Technology and Telecommunications Archived from the original on February 19 2021 Retrieved March 20 2020 a b c d e f g h i Korom 2008 p 316 a b c d e f g h The Real Estate Magazine 1915 p 23 a b c d e f g h i j Landmarks Preservation Commission 1996 p 6 a b c d Chappell 1992 p 108 a b c d Landmarks Preservation Commission 1996 p 4 120 Broadway 10271 New York City Department of City Planning Archived from the original on April 24 2022 Retrieved September 8 2020 Brown Nicole March 18 2019 Why do some buildings have their own ZIP codes NYCurious amNewYork Retrieved July 8 2022 a b c d Chappell 1992 p 104 a b c d New York City Landmarks Preservation Commission Dolkart Andrew S Postal Matthew A 2009 Postal Matthew A ed Guide to New York City Landmarks 4th ed New York John Wiley amp Sons p 13 ISBN 978 0 470 28963 1 a b c d e f g Landmarks Preservation Commission 1996 p 3 a b The Real Estate Magazine 1915 p 11 a b c d e f g h Landau amp Condit 1996 p 392 a b c d e f g h i National Park Service 1978 p 2 a b c d The Real Estate Magazine 1915 pp 21 23 a b c d e f g h Equitable Building a City in Itself Brooklyn Daily Eagle May 16 1915 p 15 Archived from the original on April 24 2022 Retrieved May 12 2020 via Brooklyn Public Library newspapers com a b c d e Subway Festival Held in Brooklyn McCall Turns the First Sod for Interborough Extension from Atlantic Ave The New York Times May 24 1914 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 a b c d e f g h i j k The Real Estate Magazine 1915 p 21 a b c Chappell 1992 p 106 Smith Caleb Equitable Building in Jackson Kenneth T ed 2010 The Encyclopedia of New York City 2nd ed New Haven Yale University Press p 418 ISBN 978 0 300 11465 2 a b c d e f g h i j The Real Estate Magazine 1915 p 24 a b c d e f g Chappell 1992 p 107 Landmarks Preservation Commission 1996 pp 4 5 a b c d e f National Park Service 1978 p 5 a b c d e f g h Landmarks Preservation Commission 1996 p 7 The Real Estate Magazine 1915 pp 23 24 a b c d e f g h Chappell 1992 p 109 a b c d e Korom 2008 p 317 a b Silverstein Launches 50M Renovation Of Equitable Building Bisnow October 16 2017 Archived from the original on August 19 2020 Retrieved May 13 2020 a b Stern Robert A M Gilmartin Gregory Massengale John Montague 1983 New York 1900 Metropolitan Architecture and Urbanism 1890 1915 New York Rizzoli p 226 ISBN 0 8478 0511 5 OCLC 9829395 a b c National Park Service 1978 p 6 Equitable Mothers Its Women Workers Appoints Miss McComb to Care for the 2 000 Employed in the Skyscraper The New York Times June 18 1916 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 Law Library Being Moved to New Home New York Sun September 23 1915 p 14 Archived from the original on April 24 2022 Retrieved May 12 2020 via newspapers com History New York Law Institute Archived from the original on May 18 2020 Retrieved May 12 2020 New Banker s Club is World s Biggest Men Representing 2 000 000 000 Open Home on Top Floors of Equitable Building The New York Times July 1 1915 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 10 2020 Salpukas Agis February 3 1979 Era Closes With Bankers Club The New York Times ISSN 0362 4331 Archived from the original on May 27 2020 Retrieved May 13 2020 a b Mashayekhi Rey November 27 2018 The Plan Silverstein Revives 120 Broadway s Legendary Bankers Club Commercial Observer Archived from the original on August 19 2020 Retrieved May 10 2020 Equitable Building to Use Coal The New York Times June 22 1934 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 13 2020 Telephone Service in Big Buildings More Than 38 000 Private Branch Exchanges in New York s Five Boroughs The New York Times October 21 1928 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 Flood Stalls Lifts in Office Building 6 000 Climb Equitable Building Stairs Equal Number Balks The New York Times February 4 1953 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 13 2020 Landmarks Preservation Commission 1996 p 2 Landau amp Condit 1996 p 62 Buley 1959 p 13 Buley 1959 p 29 a b Salazar Christian December 12 2014 NYC skyscrapers 17 things you may not know amNewYork Archived from the original on August 19 2020 Retrieved May 7 2020 Equitable Life Assurance Society of the United States November 1901 The Elevator Did It The Equitable News An Agents Journal No 23 p 11 Archived from the original on October 12 2013 Retrieved January 10 2012 The New Addition to the Equitable Building The New York Times May 1 1875 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 7 2020 A Great Insurance Building What the New Equitable Building Is to Be a Model Broadway Structure That Will Be Ready for Occupancy on the First of May The New York Times January 10 1887 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 8 2020 a b c d Buley 1959 p 140 First Skyscraper With an Elevator When Mr Hyde Proposed It His Directors Said an Eight Story Building Would Never Pay The New York Times January 10 1912 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 10 2020 a b Gray Christopher September 8 1996 1915 Equitable Building Becomes a 1996 Landmark The New York Times ISSN 0362 4331 Archived from the original on August 9 2020 Retrieved May 6 2020 No 33 story Building Architect Burnham Denies He s Making Sketches for Equitable Life The New York Times December 30 1907 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 10 2020 Equitable s New Sixty two Story Building New York Evening World July 3 1908 p 3 Archived from the original on April 24 2022 Retrieved May 10 2020 via newspapers com 909 Foot Skyscraper to Tower Above All Architects File Plans for New Equitable Life Building Here 62 Stories High The New York Times June 30 1908 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 10 2020 Equitable Building in Doubt The New York Times December 15 1908 p 16 ISSN 0362 4331 Archived from the original on April 24 2022 Retrieved May 10 2020 via newspapers com The Burning of the Equitable Building in New York City Engineering News Vol 67 January 18 1912 pp 119 120 Retrieved February 4 2012 Buley 1959 p 163 Dunlap David W January 8 2012 Consumed in Fire Cloaked in Ice Equitable s Headquarters Fell 100 Years Ago City Room Archived from the original on June 8 2020 Retrieved May 9 2020 a b Buley 1959 p 164 a b Equitable to Lend 19 500 000 on Site Mortgage Will Cover New Building to be Built Thereon by the du Pont Company The New York Times October 2 1912 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 10 2020 18 000 000 Equitable Building Burns With 2 000 000 Contents Maybe 9 Dead Fast Sweeping Blaze in Financial Zone Razes City s First Skyscraper The New York Times January 10 1912 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 10 2020 Equitable to Build or Else Sell Site The Ground Cleared by Fire Is Now Worth More Than It Was with Building The New York Times January 10 1912 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 10 2020 Korom 2008 p 315 Equitable Site Brings 14 000 000 World s Largest Office Building Thirty six Stories High to be Built There The New York Times August 13 1912 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 10 2020 a b Horowitz Sparkes amp Shreve 2011 p 133 Sues Gen Du Pont in 28 000 000 Deal Andrews Says Powder Man Displaced Him as Architect for Equitable Site Building The New York Times July 1 1913 ISSN 0362 4331 Archived from the original on October 29 2020 Retrieved May 12 2020 Gen Du Pont Pays 100 000 F M Andrews s Claim of 680 000 Is Compromised The New York Times January 11 1914 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 11 2020 a b c d e Landmarks Preservation Commission 1996 p 5 Want Equitable Site for Broadway Park Offer of 500 000 Toward a Fund for Its Purchase for a Breathing Space Downtown The New York Times November 28 1912 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 Horowitz Sparkes amp Shreve 2011 p 153 Plan to Divide Equitable Block With a Thirty foot Street to Relieve Congestion Engineer Caccavajo Claims That by Carrying the Street Through the Block to Wall Street Eight New Corners Would Be Created and Increased Assessed Valuation Would More Than Pay the City for the Amount Expended in Condemnation The New York Times December 22 1912 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 11 2020 New Equitable Building Plans Filed Brooklyn Times Union December 27 1912 p 11 Archived from the original on April 24 2022 Retrieved May 10 2020 via newspapers com a b Buley 1959 p 165 Big Equitable Mortgage Undertaking for 20 500 000 Given by Building Corporation The New York Times April 26 1913 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 10 2020 The Real Estate Magazine 1915 p 31 Proposed Height of Equitable Building Caused Delay in Work Wall Street Journal June 16 1913 p 6 ISSN 0099 9660 Archived from the original on April 24 2022 Retrieved May 12 2020 via newspapers com The New Equitable Building and its Managers PDF The Real Estate Record Real Estate Record and Builders Guide Vol 91 no 2362 June 21 1913 p 1285 Archived PDF from the original on August 19 2020 Retrieved May 13 2020 via columbia edu Old Cannon Ball Tells Story of 75 Dug Up in Equitable Building Site It Was First a Capture from the British The New York Times November 23 1913 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 10 2020 Equitable Building Work Foundation Goes to Bedrock 83 Feet Below Street Level The New York Times January 18 1914 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 10 2020 Dies Under Derrick on Equitable Site Carpenter Killed and Two Workmen Injured When 90 Foot Steel Boom Falls The New York Times March 21 1914 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 11 2020 Equitable Building Crash Workman Fatally Hurt When Girder Falls The New York Times April 5 1914 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 10 2020 The Real Estate Magazine 1915 p 45 Equitable Building Cornerstone Laid Mayor Seals Up Bronze Box for Largest Office Structure in the World The New York Times April 30 1914 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 10 2020 Flag Tops New Equitable Less Than Five Months Required to Erect 38 Stories The New York Times August 16 1914 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 10 2020 The Real Estate Magazine 1915 p 29 a b Willis 1995 p 69 Equitable Life Company Moves to New Building Brooklyn Times Union April 26 1915 p 3 Archived from the original on September 3 2021 Retrieved April 24 2020 via newspapers com General Electric to Move Will Occupy 20th Floor of Equitable Building as Offices The New York Times June 11 1917 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 Reserve Bank Gains Space Public Service Board Quits Rooms in Equitable Building The New York Times February 12 1918 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 Fidelity Trust Opens New Main Office Quarters in the Equitable Building Completely Remodeled The New York Times March 30 1926 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 The Real Estate Field Netherland Apartment House Sold to an Investor The New York Times December 11 1914 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 a b c Lyons Richard D February 21 1990 Real Estate Seven Year Face Lift Is Completed The New York Times ISSN 0362 4331 Archived from the original on November 5 2020 Retrieved May 12 2020 Kennedy Shawn G May 7 1986 Real Estate Abrams s New Office Downtown The New York Times ISSN 0362 4331 Archived from the original on November 4 2020 Retrieved May 13 2020 Equitable Agents Meet The Spectator No v 113 C D Lakey and J H Goodsell 1924 p 19 Archived from the original on August 25 2021 Retrieved May 13 2020 T C Du Pont Buys Equitable Life Gets 502 of Society s Total of 1 000 Shares for More Than 2 510 000 The New York Times June 13 1915 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 11 2020 Chandler Alfred 2000 Pierre S Du Pont and the making of the modern corporation BeardBooks pp 311 326 ISBN 978 1 58798 023 7 OCLC 44541885 Du Pont Controls the Equitable Life Buys Morgan Stock Brooklyn Daily Eagle June 13 1915 p 10 Archived from the original on April 24 2022 Retrieved May 12 2020 via Brooklyn Public Library newspapers com World s Largest Office Building Fully Occupied Wall Street Journal December 20 1917 p 9 ISSN 0099 9660 Archived from the original on April 24 2022 Retrieved May 12 2020 via newspapers com Increase in New York Realty Values Higher Assessment in Every Borough Over 55 000 000 in New Structures Saved Manhattan Real Estate from Decreasing The New York Times October 7 1917 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 Tax Reduction Plea Equitable Building Owners Ask for 7 000 000 Assessment Cut The New York Times June 30 1918 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 Tax Assessment Cut on Equitable Building Land Value Put at 11 500 000 Instead of 13 000 000 by Justice Lehman The New York Times July 10 1921 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 Equitable Building Put at 30 000 000 Altman s Store Is Assessed 13 800 000 and the Plaza Hotel 11 500 000 The New York Times October 3 1922 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 Lowest Valued Realty Within Sight of Most Valuable New York Tribune October 15 1922 p 33 Archived from the original on April 24 2022 Retrieved May 13 2020 via newspapers com Equitable Building Offered for Sale E L Doheny Considering Pur chase but at Less Than the 40 000 000 Asked The New York Times January 10 1923 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 Equitable Building Sold for 38 500 000 Report Brooklyn Times Union March 14 1925 p 32 Archived from the original on April 24 2022 Retrieved May 13 2020 via newspapers com Group Purchases Equitable Building New York Daily News March 14 1925 p 86 Archived from the original on April 24 2022 Retrieved May 13 2020 via newspapers com Labor is Landlord at 120 Broadway Bank of Locomotive Engineers Floats 5 000 000 Bonds on Equitable Building The New York Times April 7 1925 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 Equitable Building Sold by Labor Union W H Vanderbilt H C Cushing 3d and L W Baldwin Buy It From Locomotive Engineers The New York Times July 24 1926 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 Equitable Building Sold for 40 000 000 Brooklyn Standard Union July 24 1926 p 4 Archived from the original on April 24 2022 Retrieved May 13 2020 via newspapers com Taxable Real Estate in City of New York The Equitable Building Still Holds First Place on the Tax List The New York Times November 4 1928 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 Cooper Lee E July 20 1947 New Group Offers Plan to Refinance Equitable Building Dowling and Noyes Interested in Amended Proposal for Broadway Structure The New York Times ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 13 2020 Skyscraper Gets 14 750 000 Loan Equitable Building Financed by 25 Year Mortgage Replacing Existing Lien The New York Times November 3 1947 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 13 2020 Webb Knapp Seeks Equitable Building The New York Times May 10 1954 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 7 2020 Rogers John April 15 1954 Act to Acquire Equitable Bldg New York Daily News p 160 Retrieved May 13 2020 via newspapers com Sublease Is Being Sold On Equitable Building The New York Times August 25 1958 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 13 2020 Equitable Buying 6th Ave Property Company Reported Planning New Home Office Building Near 51 st Street The New York Times July 18 1956 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 13 2020 Equitable s Site Obtained in Deal 120 Broadway Building Part of 25 Million Transaction With Webb amp Knapp The New York Times September 12 1958 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 13 2020 Equitable Lease Bought by Wien Operating Contract Taken on 40 Story Building The New York Times November 20 1958 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 13 2020 MacGregor Greg September 25 1961 Equitable Opens Its New Building At Midtown Dedication It Is Praised by Wagner The New York Times ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 13 2020 a b Daniels Lee A May 23 1982 New Tax Breaks Spurring Preservation The New York Times ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 13 2020 Henry Diane November 29 1981 New Twist in Financing Changes Builders World The New York Times ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 13 2020 Landmarks Preservation Commission 1996 pp 7 8 White Norval amp Willensky Elliot 2000 AIA Guide to New York City 4th ed New York Three Rivers Press p 42 ISBN 978 0 8129 3107 5 Deutsch Claudia H October 17 1993 Commercial Property Downtown Manhattan At Last Prime Office Space Shows Signs of Demand The New York Times ISSN 0362 4331 Archived from the original on November 5 2020 Retrieved May 13 2020 Bagli Charles V August 17 2002 Trade Center Leaseholder Braces for Battle Proposed Land Swap and Changed Development Plans Imperil Silverstein The New York Times ISSN 0362 4331 Archived from the original on November 8 2020 Retrieved May 13 2020 Wall Street Historic District PDF National Register of Historic Places National Park Service February 20 2007 pp 4 5 Archived PDF from the original on February 19 2021 Retrieved February 9 2021 National Register of Historic Places 2007 Weekly Lists PDF National Park Service 2007 p 65 Archived PDF from the original on December 28 2019 Retrieved July 20 2020 Margolies Jane March 20 2018 Equitable Building Spur for Modern Zoning Will Get a 50 Million Face Lift The New York Times ISSN 0362 4331 Archived from the original on September 17 2020 Retrieved May 13 2020 Noto Anthony July 12 2019 This week in NYC funding news The historic Bankers Club is back at the Equitable Building New York Business Journal Archived from the original on April 20 2021 Retrieved May 10 2020 Young Michael July 21 2019 Silverstein Properties Completes 50 Million Renovation of the Equitable Building at 120 Broadway in the Financial District New York YIMBY Archived from the original on February 20 2020 Retrieved May 10 2020 Morris Sebastian November 26 2019 Silverstein Properties Unveils Equitable Building s Mural Series at 120 Broadway in the Financial District New York YIMBY Archived from the original on August 4 2020 Retrieved May 11 2020 Mocker Greg November 19 2019 Street art moves into Lower Manhattan landmark WPIX Archived from the original on August 19 2020 Retrieved May 11 2020 Contact the Department of City Planning New York City Department of City Planning Archived from the original on July 11 2019 Retrieved July 11 2019 Maher John August 1 2017 Macmillan Heads Downtown Leaving Flatiron Building PublishersWeekly com Archived from the original on July 21 2019 Retrieved July 21 2019 Beyer Blinder Belle TRD Research therealdeal com Archived from the original on September 22 2020 Retrieved May 13 2020 Securities Industry and Financial Markets Association Inc www bizjournals com Retrieved May 13 2020 Hallum Mark August 15 2022 New York City Housing Agency Snaps Up 109K SF at 120 Broadway Commercial Observer Retrieved August 19 2022 Hallum Mark September 6 2023 Trading Firm Tower Research Consolidating NYC Offices to 122K SF at 120 Broadway Commercial Observer Retrieved September 8 2023 Lightning Shatters Equitable Building Cornice Leaves Wake of Damage in 3 Eastern States The New York Times June 17 1925 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 13 2020 City Room Taking Questions War Historian On the Home Front Battleships and Bombs The New York Times October 3 2010 Archived from the original on August 19 2020 Retrieved May 13 2020 Lower Manhattan Shelled Faulty Gun Says Army Poughkeepsie Eagle News March 14 1942 pp 1 11 via newspapers com Equitable Building to Get War Policy Court Authorizes Taking Out of 16 000 000 Insurance The New York Times July 11 1942 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 13 2020 Broken Main Ties Up 40 Story Skyscraper Brooklyn Daily Eagle February 3 1913 p 5 Retrieved May 12 2020 via Brooklyn Public Library newspapers com Restoring Elevator Service The New York Times February 7 1953 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 13 2020 Crashes Into Taxi in 17 story Plunge Insurance Clerk Goes Through Roof of Cab Just as Passenger Alights The New York Times March 25 1925 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 Crowd Sees Woman Die in 40 story Drop Brokerage Clerk 51 Plunges From Roof of Equitable Building to Cedar Street The New York Times November 8 1929 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 Broker Plunges to Death Thousands See R B Frasse Drop 21 Stories at Equitable Building The New York Times April 20 1937 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 13 2020 Kills Man in Fall From Skyscraper Body of Unidentified Youth Crushes Truck Driver Parked at Equitable Building The New York Times October 16 1930 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 13 2020 G c Austin Kills Himself by Shot Body of Former Assemblyman Found in Equitable Building The New York Times November 24 1933 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 13 2020 a b c d e Chappell 1992 p 110 Mujica Francisco 1927 History of the Skyscraper Archaeology and Architecture Press p 37 Shadows Cast by Skyscrapers Buildings and Building Management Building Manager Publishing Company November 1918 p 38 Archived from the original on September 16 2020 Retrieved May 11 2020 New Equitable Office Building May Be Last of Huge Skyscrapers The New York Times May 3 1914 ISSN 0362 4331 Archived from the original on November 3 2020 Retrieved May 12 2020 White Norval Willensky Elliot Leadon Fran 2010 AIA Guide to New York City 5th ed New York Oxford University Press p 39 ISBN 978 0 19538 386 7 a b Dunlap David W July 25 2016 Zoning Arrived 100 Years Ago It Changed New York City Forever The New York Times ISSN 0362 4331 Archived from the original on July 11 2019 Retrieved May 13 2020 a b c Willis 1995 p 68 a b Landau amp Condit 1996 p 349 Page M 1999 The Creative Destruction of Manhattan 1900 1940 Historical Studies of Urban America University of Chicago Press pp 62 63 ISBN 978 0 226 64468 4 Archived from the original on September 15 2020 Retrieved May 11 2020 Advisory Committee on Zoning 1926 A Standard State Zoning Enabling Act Under which municipalities may adopt zoning regulations PDF Revised 1926 ed U S Government Printing Office p iii Archived PDF from the original on August 19 2020 Retrieved May 13 2020 Sources Edit Buley R C 1959 The Equitable Life Assurance Society of the United States One Hundredth Anniversary History 1859 1959 The Equitable Life Assurance Society of the United States One Hundredth Anniversary History 1859 1959 Appleton Century Crofts Archived from the original on August 25 2021 Retrieved May 13 2020 Chappell S A K 1992 Architecture and Planning of Graham Anderson Probst and White 1912 1936 Transforming Tradition Chicago Architecture and Urbanism University of Chicago Press pp 104 110 ISBN 978 0 226 10134 7 Equitable Building PDF New York City Landmarks Preservation Commission June 25 1996 Archived PDF from the original on July 31 2020 Retrieved May 6 2020 Historic Structures Report Equitable Building National Register of Historic Places National Park Service June 2 1978 Archived from the original on August 19 2020 Retrieved May 6 2020 Horowitz Louis J Sparkes B Shreve H A 2011 The Towers Of New York The Memoirs Of A Master Builder Literary Licensing LLC ISBN 978 1 258 18724 8 Korom Joseph J 2008 The American Skyscraper 1850 1940 A Celebration of Height Branden Books ISBN 978 0 8283 2188 4 Landau Sarah Condit Carl W 1996 Rise of the New York Skyscraper 1865 1913 New Haven CT Yale University Press ISBN 978 0 300 07739 1 OCLC 32819286 The Epic of the Equitable The Real Estate Magazine Vol 5 no 2 Allied Publishing Company February 1915 Archived from the original on June 24 2021 Retrieved June 17 2021 Full issue dedicated to the Equitable building Willis Carol 1995 Form Follows Finance Skyscrapers and Skylines in New York and Chicago Princeton Architectural Press ISBN 978 1 56898 044 7 External links Edit nbsp Wikimedia Commons has media related to Equitable Building Manhattan Emporis profilePreceded byManhattan Municipal Building Largest office building in the worldby floor area1915 1928 Succeeded byMerchandise Mart Retrieved from https en wikipedia org w index php title Equitable Building Manhattan amp oldid 1174777397, wikipedia, wiki, book, books, library,

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