140-640: 110 East 42nd Street , also known as the Bowery Savings Bank Building , is an 18-story office building in the Midtown Manhattan neighborhood of New York City . The structure was designed in the Italian Romanesque Revival style by York and Sawyer , with William Louis Ayres as the partner in charge. It is on the south side of 42nd Street , across from Grand Central Terminal to the north and between
280-481: A groundbreaking ceremony. By the time the new branch opened in 1923, there were 155,000 people with accounts at the Bowery Savings Bank. The bank had seen $ 1.5 million in deposits (equivalent to $ 26,824,219 in 2023) "on one day recently", compared to the $ 2,020 deposited on the original branch's opening day in 1834 (equivalent to $ 61,650 in 2023). The 42nd Street branch's managers referred to
420-465: A portico supported by four classical columns. The lower three stories were occupied by exhibition spaces with the main exhibition hall on the second and third stories, and the ten upper floors were used for offices. The Grand Central Palace hosted auto, boat, flower and trade shows . The Palace was the main exhibition center for New York City during the first half of the 20th century. By 1927, it hosted two million guests annually. Office tenants in
560-423: A $ 28 million mezzanine loan for the two properties. Shortly after the building was completed, Charles G. Loring of Architectural Forum wrote in 1928 that the edifice was "a castle in the clouds brought to earth, and the ticket of admission is only a stiff little deposit book." Though the Bowery Savings Bank had 200,000 depositors at the time of the building's opening, Loring wrote that each depositor could say of
700-503: A $ 3 million, 18-story office building on an adjacent empty plot. The plan entailed converting the Grand Central Palace into an office building and attaching it to the adjacent structure via an arcade . The main entrance to the remodeled structure would be relocated to Park Avenue to the west, while the floor below, which faced Lexington Avenue, would be converted into retail. The Grand Central Palace would have been renamed
840-570: A 1,401-foot-tall (427 m) skyscraper being built a block to the west. In May 2020, amid a loss of income during the COVID-19 pandemic in New York City , Cipriani defaulted on a mortgage loan that had been placed on its event venues at 110 East 42nd Street and 55 Wall Street . A special servicer took over the mortgage in 2021, but the two event venues were at risk of foreclosure by the end of that year. In December 2021, SL Green sold
980-401: A 65-foot-tall (20 m) ceiling. Architectural writer Robert A. M. Stern and Architecture and Building magazine give a figure of 75 by 200 feet (23 by 61 m), with a ceiling of 70 feet (21 m). The banking room uses marble, limestone , sandstone and bronze screens to create a space reminiscent of a basilica . The banking room can be entered from the 41st Street arch to the south;
1120-433: A college education or higher. The percentage of Midtown Manhattan students excelling in math rose from 61% in 2000 to 80% in 2011 and reading achievement increased from 66% to 68% during the same time period. Midtown Manhattan's rate of elementary school student absenteeism is lower than the rest of New York City. In Midtown Manhattan, 19% of elementary school students missed twenty or more days per school year , less than
1260-604: A corresponding increase in real-estate prices. Among these were the New York Central Building at 47th Street and Park Avenue, as well as the Grand Central Palace across 42nd Street from the present 110 East 42nd Street. By 1920, the area had become what The New York Times called "a great civic centre". The building was designed in the Italian Romanesque Revival style by the firm of York & Sawyer . The design shares many elements with
1400-425: A diameter of 3 feet 2 inches (0.97 m). The columns' bases and capitals are made of Indiana limestone in high relief . The arches were nearly completely filled with mosaic designs, except for stone grilles that concealed the openings for the heating system. The remainder of the walls are made of stone in various types and textures. Indiana limestone and Briar Hill and Buff Mountain sandstone are used for
1540-496: A dog, a lion, an owl, an eagle, a human with keys, and a farmer. To the west of the main archway (on the right side as seen from 42nd Street), a small arch provides access to the office tower's entrance vestibule, the elevator lobby, and the Grand Central–42nd Street subway station. The entrance contains a semicircular tympanum above the doorway, with a geometric pattern, as well as embossed surrounds on either side of
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#17327768717601680-515: A low population of residents who are uninsured . In 2018, this population of uninsured residents was estimated to be 11%, slightly less than the citywide rate of 12%. The concentration of fine particulate matter , the deadliest type of air pollutant , in Midtown Manhattan is 0.0113 milligrams per cubic metre (1.13 × 10 oz/cu ft), more than the city average. Eleven percent of Midtown Manhattan residents are smokers , which
1820-419: A lower crime rate than in the 1990s, with crimes across all categories having decreased by 81.2% between 1990 and 2022. The precinct reported 8 murders, 23 rapes, 653 robberies, 502 felony assaults, 660 burglaries, 2,375 grand larcenies, and 68 grand larcenies auto in 2022. The main part of midtown Manhattan, between 34th and 59th Streets from Lexington Avenue to Eighth Avenue, is served by five fire stations of
1960-600: A major force in Midtown Manhattan's economy, and indeed the city's, as the total value of all New York City property was estimated at US$ 914.8 billion for the 2015 fiscal year . Manhattan has perennially been home to some of the nation's, as well as one of the world's, most marketable real estate, including the Time Warner Center , which had the highest-listed market value in the city in 2006 at US$ 1.1 billion, to be subsequently surpassed in October 2014 by
2100-588: A number of private languages and music centers (e.g. Berlitz , American Language Communication Center, New York Language Center, Swan Music School, and the New York Youth Symphony ). The La Scuola d'Italia Guglielmo Marconi Italian international school moved to West Midtown in 2016. The New York Public Library (NYPL) operates the Stephen A. Schwarzman Building (also the Main Branch),
2240-966: A program aimed at creating "a 24/7, live-work, mixed-use neighborhood" in Midtown South though the conversion of commercial and office space to residential, as part of an effort to create 20,000 new residences citywide in a decade. According to The Broadway League , shows on Broadway sold approximately US$ 1.54 billion worth of tickets in both the 2022–2023 and 2023–2024 seasons. Both seasons featured theater attendance of approximately 12.3 million each. Companies that used to have their headquarters in Midtown Manhattan include American Airlines , American Comics Group , American Overseas Airlines , Central Park Media , Eastern Air Lines , GoodTimes Entertainment , LJN , NewKidCo , Pan American World Airways , Philip Morris Companies (now Altria Group ), Trans Caribbean Airways , and Trans World Airlines . In 1997, Aer Lingus announced that it
2380-502: A realty consortium headed by investor Henry Mandel offered $ 2.9 million for the hotel (equal to $ 33.4 million in 2023), a proposal that was accepted. The value of the land at the future building site was extremely valuable; by 1923, the Rider's Guide to New York City referred to the blocks of East 42nd Street between Park and Fifth Avenues as "Little Wall Street ". The Bowery Savings Bank , then located at 130 Bowery in lower Manhattan,
2520-512: A rectangular steel vault door measuring 36 inches (910 mm) thick. The New York Times described the space as one of the largest banking rooms in a New York City bank. Different sources cite conflicting dimensions for the room. According to the New York City Landmarks Preservation Commission , the first-floor banking room measures 80 feet (24 m) wide and 197.5 feet (60.2 m) long with
2660-679: A reference branch at 476 Fifth Avenue. The four-story building, constructed in 1911, is known worldwide for its architecture and has several million items in its collections. There are also five circulating branches in Midtown: Two campuses of the City University of New York (CUNY)—the doctorate-granting CUNY Graduate Center and the Stella and Charles Guttman Community College —are located in Midtown, while Baruch College , also of
2800-443: A single waiting and banking room, obviating the need for clerks to frequently walk between back-room desks and public-facing counters. The floor is made of polychrome marble, bordered by a cream-colored band of Traneville marble. The floor is arranged in multicolored patterns, laid in asymmetrical panels to resemble throw rugs. The patterns alternate between lozenges with stars, lozenges with squares, and hexagons. A wooden staircase at
2940-455: A six-story structure made of brick, contained 310,000 square feet (29,000 m ) of floor space. The land under the original Grand Central Palace was originally owned by the estate of the entrepreneur Robert Goelet , who died in 1899. His will prohibited the sale of the land on which the Palace was located. In 1902, in preparation for Grand Central Terminal 's construction, the trustees of
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#17327768717603080-500: A three-block site near Grand Central Terminal that included the Palace. In 1963, it was announced that the Grand Central Palace would be demolished to make way for a 47-story office building being designed by Uris Buildings Corporation , which had acquired the leasehold for both the Palace and a nearby building. Demolition started in June 1964. The site of the Palace is now occupied by 245 Park Avenue . The original Grand Central Palace
3220-471: Is 41% in Midtown Manhattan, compared to the boroughwide and citywide rates of 45% and 51% respectively. Based on this calculation, as of 2018 , Midtown Manhattan is considered to be high-income relative to the rest of the city and not gentrifying . Midtown Manhattan is patrolled by two precincts of the NYPD . Midtown North is patrolled by the 18th Precinct, located at 306 West 54th Street, while Midtown South
3360-406: Is a small office entrance to the west, a large round-arched entrance at the center, and a smaller arcade to the east. The remainder of the facade is split by vertical piers into multiple bays . The ground floor contains a 80-by-197.5-foot (24.4 by 60.2 m) rectangular room behind the arch, stretching 65 feet (20 m) tall; this was originally the banking room. An annex known as the "Chapel"
3500-651: Is also growing in Midtown Manhattan based upon the city's strength in academic scientific research and public and commercial financial support. By mid-2014, Accelerator, a biotech investment firm, had raised more than US$ 30 million from investors , including Eli Lilly and Company , Pfizer , and Johnson & Johnson , for initial funding to create biotechnology startups at the Alexandria Center for Life Science, which encompasses more than 700,000 square feet (65,000 m ) on East 29th Street and promotes collaboration among scientists and entrepreneurs at
3640-430: Is an arcade running across the 5th story facade. The facade of the base on 41st Street, to the south, is similar in that it also contains a large archivolted arch with a set of doors below a large window. However, the doors on the 41st Street facade are located in a three-faced structure that projects slightly. The entrance arch on 41st Street is the same size as that on 42nd Street. Flanking the arch are three bays, two to
3780-478: Is bounded by 42nd Street to the north and 41st Street to the south, in the middle of the city block between Park Avenue to the west and Lexington Avenue to the east. The L-shaped land lot occupies 25,613 square feet (2,379.5 m), with a frontage of 154.5 feet (47.1 m) on 42nd Street and a depth of 197.5 feet (60.2 m). On the same block, the Pershing Square Building is to
3920-702: Is commonly defined to be 59th Street ; its southern boundary is less clear, and variously taken to be 34th Street , 23rd Street , or even 14th Street . Midtown spans the entire island of Manhattan along an east–west axis, bounded by the East River on its east and the Hudson River to its west. The Encyclopedia of New York City defines Midtown as extending from 34th Street to 59th Street and from 3rd Avenue to 8th Avenue. In addition to its central business district , Midtown Manhattan encompasses many neighborhoods, including Hell's Kitchen and Chelsea on
4060-554: Is considered to be the busiest transportation hub in the Western Hemisphere , servicing around 650,000 people per day. The Port Authority Bus Terminal , located at Eighth Avenue and 41st Street at the western edge of Midtown, is the city's main intercity bus terminal and the world's busiest bus station, serving 250,000 passengers on 7,000 buses each workday. The building opened in 1950 and had been designed to accommodate 60,000 daily passengers. A 2021 plan announced by
4200-727: Is higher than the city's average of 87%. In 2018, 86% of residents described their health as "good", "very good", or "excellent", more than the city's average of 78%. For every supermarket in Midtown Manhattan, there are 11 bodegas . The nearest major hospitals are Mount Sinai West in Hell's Kitchen ; Beth Israel Medical Center in Stuyvesant Town ; the Bellevue Hospital Center and NYU Langone Medical Center in Kips Bay ; and NewYork–Presbyterian Hospital in
4340-505: Is higher than the median life expectancy of 81.2 for all New York City neighborhoods. Most inhabitants are adults: a plurality (45%) are between the ages of 25 and 44, while 22% are between 45 and 64, and 13% are 65 or older. The ratio of youth and college-aged residents was lower, at 7% and 12% respectively. As of 2017, the median household income in Community Districts 4 and 5 (including Chelsea and Hell's Kitchen )
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4480-470: Is less than that of the city as a whole. The incarceration rate of 297 per 100,000 people is lower than that of the city as a whole. The 18th Precinct has a lower crime rate than it did in the 1990s, with crimes across all categories having decreased by 82.1% between 1990 and 2022. The precinct reported 1 murder, 22 rapes, 154 robberies, 185 felony assaults, 205 burglaries, 2,065 grand larcenies, and 116 grand larcenies auto in 2022. The 14th Precinct also has
4620-407: Is less than the city average of 14% of residents being smokers. In Midtown Manhattan, 10% of residents are obese , 5% are diabetic , and 18% have high blood pressure —compared to the citywide averages of 24%, 11%, and 28% respectively. In addition, 9% of children are obese, compared to the citywide average of 20%. Ninety-one percent of residents eat some fruits and vegetables every day, which
4760-496: Is located at 421 8th Avenue. The post office stopped 24-hour service in 2009 due to decreasing mail traffic. Midtown Manhattan generally has a higher rate of college-educated residents than the rest of the city as of 2018 . A majority of residents age 25 and older (78%) have a college education or higher, while 6% have less than a high school education and 17% are high school graduates or have some college education. By contrast, 64% of Manhattan residents and 43% of city residents have
4900-941: Is located in Midtown Manhattan. Haier operates its United States offices in the Haier Building at 1356 Broadway, formerly the headquarters of the Greenwich Savings Bank . Haier held the opening ceremony on March 4, 2002. Sumitomo Corporation operates its New York Office, the headquarters of the corporation's United States operations, at 600 Third Avenue, 10016 in the Murray Hill neighborhood. El Al 's North American headquarters are in Midtown. The Air France USA regional headquarters are in 125 West 55th Street in Midtown Manhattan. Hachette Book Group USA has its headquarters in 237 Park Avenue . In 1994 Alitalia considered moving its USA headquarters from Midtown to Lower Manhattan , but decided to keep
5040-414: Is located to the east of the banking room's northern section, connected via two large rectangular openings cut through the party wall on the eastern side of the banking room. The design is similar to that of the banking room, with limestone and sandstone walls. A second floor loggia overlooks the northern end of the annex's first floor, and below that is a set of double doors leading to the central arch of
5180-428: Is made of sandstone on the first floor, and buff -colored bonded brick above it. At the bottom of both facades is a water table made of granite, which is 3 feet (0.91 m) higher on the eastern part of the building, due to the area's topography sloping downward to the east. Allegorical decorations, attributed to the firm of Ricci and Zari, are also placed on the facade. On the four-story base facing 42nd Street to
5320-1277: Is one of the world's leading financial centers. Midtown Manhattan is the one of the world's largest central business district , with 400 million square feet (37.2 million m ) of office space in 2018. Midtown contains the headquarters of major companies, including 4Kids Entertainment (formerly), Barnes & Noble , Bloomberg L.P. , Ernst & Young , Calvin Klein , Cantor Fitzgerald , CBS Corporation , Citigroup , Colgate-Palmolive , Cushman & Wakefield , DC Comics , Deloitte , Duane Reade , Estée Lauder Companies , Foot Locker , Frederator Studios , JPMorgan Chase , Hess Corporation , Kroll Inc. , L-3 Communications , Marsh & McLennan Companies , Marvel Entertainment , MetLife , MidOcean Partners , Morgan Stanley , Nasdaq, Inc. , NBCUniversal , The New York Times Company , NexCen Brands , Paramount Global , Pfizer , Polo Ralph Lauren , Saks Incorporated ( Saks Fifth Avenue ), The Sharper Image , Simon & Schuster , Six Flags , TBWA Worldwide , Thomson Reuters , Warner Bros. Discovery , Time Warner Cable , The Travelers Companies , and Univision Communications . The New York Institute of Finance
5460-490: Is part of 10001. Other areas between 14th and 34th Streets are covered by ZIP Codes 10003, 10009, 10010, and 10011, though these are generally not considered to be part of Midtown proper. There are also thirty-three ZIP Codes assigned to individual buildings or building complexes. The United States Postal Service operates six post offices in Midtown: The James A. Farley Station , the city's main post office,
5600-430: Is patrolled by the 14th Precinct, located at 357 West 35th Street. The precincts ranked 69th safest out of 69 patrol areas for per-capita crime in 2010. The high per-capita crime rate can be attributed to the low population of the area, as well as the high number of crimes committed against tourists. As of 2018 , with a non-fatal assault rate of 25 per 100,000 people, Midtown Manhattan's rate of violent crimes per capita
5740-405: Is the largest central business district in the world, and has been ranked as the densest central business district in the world in terms of employees, at 606,108 per square mile (234,020/km ). Midtown also ranks among the world's most expensive locations for real estate; Fifth Avenue in Midtown Manhattan has commanded the world's highest retail rents and is the most expensive shopping street in
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5880-442: Is the six-story "Chapel" annex completed in 1933. The lower two floors contain a three-arched arcade with two granite columns. The rectangular third-floor windows and arched fourth-floor windows are similar to those on the west side of the facade. Above the first- and second-floor arcade, there are four carved motifs, located at even intervals, as well as an inscription "A Mutual Institution Chartered 1834 To Serve Those Who Save". There
6020-529: Is to the east of the banking room, and an elevator vestibule and subway entrance are to the west. The other floors are used as offices. 110 East 42nd Street, as well as the adjacent Pershing Square Building, were built on the site of the Grand Union Hotel. Construction started in 1921 and was completed in 1923, and an addition was built between 1931 and 1933. Its facade and banking hall were made New York City designated landmarks in 1996. The building
6160-646: The Central Square Building because at the time, there was a "central square" to the west, which abutted the north end of Grand Central Terminal. He formally filed plans for the construction of the annex the next year, and the new 20-story office building was completed by 1923. However, in 1925, Catts dispelled rumors that the Grand Central Palace would be transformed into an office building. Catts's enterprises became insolvent and went into receivership in 1927, though Grand Central Palace continued to host events. August Heckscher secured control of
6300-708: The Empire State Building , the Chrysler Building , the Hudson Yards Redevelopment Project , the headquarters of the United Nations , Grand Central Terminal , and Rockefeller Center , as well as several prominent tourist destinations, including Broadway , Times Square , and Koreatown . Penn Station in Midtown Manhattan is the busiest transportation hub in the Western Hemisphere . Midtown Manhattan
6440-651: The Ladies' Mile , along Fifth Avenue from 14th to 23rd Street; and the Tenderloin , from 23rd to 42nd Street and from Fifth Avenue to Seventh Avenue . Important streets and thoroughfares The border of Midtown Manhattan is nebulous and further confused by the fact that the term "Midtown Manhattan" can be used to refer either to a district or a group of neighborhoods and districts in Manhattan: Midtown Manhattan, along with Lower Manhattan ,
6580-575: The New York City Fire Department (FDNY): The greater Midtown area between 14th Street and 59th Street contains seven additional fire stations. As of 2018 , preterm births and births to teenage mothers in Midtown Manhattan are lower than the city average. In Midtown Manhattan, there were 67 preterm births per 1,000 live births (compared to 87 per 1,000 citywide), and 4 births to teenage mothers per 1,000 live births (compared to 19.3 per 1,000 citywide). Midtown Manhattan has
6720-567: The Pershing Square Building to the west and the Chanin Building to the east. 110 East 42nd Street is named for the Bowery Savings Bank , which had erected the building as a new branch structure to supplement its original building at 130 Bowery . The building was erected within " Terminal City ", a collection of buildings above the underground tracks surrounding Grand Central, and makes use of real-estate air rights above
6860-560: The Upper East Side . Midtown Manhattan is located within six primary ZIP Codes . West of Fifth Avenue, Midtown is located in 10018 between 34th and 41st Streets, 10036 between 41st and 48th Streets, and 10019 between 48th and 59th Streets. East of Fifth Avenue, Midtown is located in 10016 between 34th and 40th Streets, 10017 between 40th and 49th Streets, and 10022 between 49th and 59th Streets. The area southwest of Fifth Avenue and 34th Street, sometimes considered to be in Midtown,
7000-723: The Waldorf Astoria New York , which became the most expensive hotel ever sold after being purchased by the Anbang Insurance Group, based in China, for US$ 1.95 billion . In the same year, six of the top ten most expensive zip codes in the United States by median housing price were located in Manhattan, underscoring the borough's dominant position in the real estate market. When 450 Park Avenue
7140-474: The air rights over the railroad tracks leading into Grand Central Terminal. The Palace was designed by Warren and Wetmore and Reed and Stem , who had also designed Grand Central Terminal. It was the first structure designed as part of Terminal City , a series of commercial developments that were built after Grand Central's formerly open-air rail yards were covered over. The Palace was New York's main exposition hall until it closed in 1953. Its location and
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#17327768717607280-407: The loan servicer split the loan into a $ 65 million interest-payable note and a $ 25 million interest-free note. This failed and SL Green took back the property in 2011, paying $ 85.5 million. SL Green also bought the building's garage in 2013. By 2014, the building was completely occupied by tenants such as The Princeton Review , Metro-North Railroad , and Morgan, Lewis & Bockius . At the time,
7420-617: The northward movement of commerce in Manhattan , as well as the influence of suburbs on new development in New York City's core. When the Bowery Savings Bank was planning its new uptown location, savings banks in New York were mostly limited to one location, a restriction that was not lifted until 1923. In November 1920, the bank circumvented this restriction by acquiring the Universal Savings Bank in lower Manhattan, which then relocated to 42nd Street. The Bowery Savings Bank
7560-422: The 14th and 17th floors. There is an arcade running across the 5th story facade, as well as another arcade running across the 15th and 16th stories. The 17th story contains round-arched window openings while the 18th story consists of four windows that each contain three panes. On the 17th floor, at the top of 110 East 42nd Street's tower section, are tiled copings . At the 42nd Street facade, a flagpole extends from
7700-404: The 42nd Street arch to the north; the office building's vestibule to the northeast; and two doorways leading to the passenger- and freight-elevator lobbies to the west. The floor slopes upward toward the south end of the room, since the 41st Street entrance is slightly higher than the entrance on 42nd Street. Another ramp slopes upward toward the "Chapel" annex to the east. The 42nd Street branch had
7840-404: The 42nd Street side above the four-story base, the 5th through 13th floors are articulated with vertical piers and window spandrels. The piers divide the facade into five bays: four above the main banking entrance in the center, and one bay above the office-building entrance on the west (right) side. Each bay contains two windows on each floor. Horizontal cornices with corbeling are located above
7980-693: The City University of New York, is located in Midtown South. Mercy College is situated at Herald Square . Pennsylvania Station and Grand Central Terminal are the two major railroad stations located in Midtown Manhattan. Penn Station serves Amtrak , NJ Transit , and the Long Island Rail Road (LIRR), while Grand Central serves the Metro-North Railroad and also serves the LIRR at Grand Central Madison . Penn Station
8120-488: The Exposition of Architecture and Allied Arts in the late 1920s and early 1930s. The 1927 exposition featured the installation of a Welte-Mignon theater organ in the hall. The Palace has also been used by the federal government during world wars. In September 1918, during World War I, the Grand Central Palace was leased as "Disembarkation Hospital no. 5" for American Expeditionary Forces returning from Europe. The Palace
8260-613: The Goelet estate offered the land to the New York Central Railroad , operator of Grand Central Depot, for use as the site of a proposed new post office. However, the land would have to be acquired through condemnation of the site. New York Central bought two blocks of land east of the future terminal, bounded by Lexington Avenue, Depew Place, and 43rd and 45th Streets, in December 1904. This land acquisition included
8400-492: The Grand Central Palace after April 1921, effectively leaving the city without a major exhibition space. The syndicate later clarified that only the International Exposition of Industries would continue to be held in the Palace. In 1920, the structure's lease was transferred to Robert M. Catts . The following year, Catts proposed $ 500,000 worth of improvements to the Palace as part of the construction of
8540-553: The Grand Central Palace until the Coliseum opened in 1956. The federal government initially dropped plans for a lease in February 1953. However, the next month, the federal government signed a lease agreement to convert the four lower floors into 171,000 square feet (15,900 m ) of office space. As part of the agreement, shows would continue to be held at the Palace until November 1953, at which point renovations would begin. In
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#17327768717608680-663: The Grand Central Palace was turned into an induction center for the U.S. Army , replacing a center on Governors Island . After more than a half million soldiers had been inducted at the Palace, the last fourteen inductions occurred in September 1945. The induction center was closed soon afterward. After the war, it was announced that the New York Coliseum , a new exhibition hall being built across town in Columbus Circle , would replace Grand Central Palace as
8820-563: The Grand Central Palace. After the land acquisition, New York Central continued to receive bookings for events at Grand Central Palace. As Grand Central Terminal was being completed and the New York Central's steam-railway lines into Grand Central were electrified , the railroad's commuter rail lines moved their operations to a temporary station under Grand Central Palace. The temporary station had fourteen tracks, ten of which were electrified with third rail . The Hudson Line
8960-439: The Grand Union Hotel site, which would be developed into an office building at 110 East 42nd Street. As per the purchase agreement between the bank and the corporation, the structures were to contain interlocking structures, including what was believed to be the city's tallest party wall separating two buildings. York and Sawyer , designers of several bank buildings in the eastern United States, had been hired to devise plans for
9100-707: The Palace included the Selective Service and the Internal Revenue Service. The first exhibitions at the Grand Central Palace were trade shows held in 1893, before the structure was even completed. Upon the Palace's opening in May 1893, the first exhibition held there was the gathering of the New York Press Club . Other early tenants included the flower show, amateur boxing , and exhibits from Catholic school students. However,
9240-601: The Palace's lease in 1923. In the same transaction, he bought other real estate on the same block. A syndicate led by Thomas H. Birch purchased the Palace and adjacent Park-Lexington Building in January 1927 with plans to demolish the building and build a Spanish trade center named Casa de las Espanas in its place. Though the Count of Peracamps, a Philippine businessman, visited the Palace in March of that year in an effort to promote
9380-560: The Palace, if the transaction were successful, only the air rights above the tracks would have been sold. The onset of World War II in the 1940s caused the suspension of several exhibitions. For instance, in 1941, the National Motor Boat Show was suspended for the first time since 1904. The next year, the International Flower Show was also suspended until the end of the war. In October 1942,
9520-501: The Pershing Square Building directly to the west, which was also co-designed by York & Sawyer. The George A. Fuller Company was the general contractor, and numerous other contractors and material suppliers were involved in the building's construction. Architecture and Building characterized the building as having been inspired by Byzantine architecture , while architect and writer Robert A. M. Stern described
9660-626: The Port Authority would spend $ 10 billion to expand capacity and modernize the facility. The New York City Subway and MTA Regional Bus Operations each operate several routes that go through Midtown. Additionally, the PATH train to New Jersey terminates at 33rd Street and Sixth Avenue in Midtown. Traffic congestion is common, especially for crosstown traffic. In 2011, a new system of traffic light control, known as "Midtown in Motion"
9800-584: The United Nations, and consulates-general accredited to the United States, in Midtown Manhattan. In addition, the Taipei Economic and Cultural Office of the Republic of China ( Taiwan ) is in Midtown Manhattan. Grand Central Palace The Grand Central Palace was an exhibition hall in Midtown Manhattan , New York City . The name refers to two structures, both located on Lexington Avenue near Grand Central Terminal . The original structure
9940-433: The United States achieved completion in Midtown Manhattan, at a selling price of US$ 238 million, for a 24,000 square feet (2,200 m ) penthouse apartment overlooking Central Park at 220 Central Park South . The COVID-19 pandemic and hybrid work models have prompted consideration of commercial-to-residential conversion within the neighborhood's real estate sector. In August 2023, Mayor Eric Adams announced
10080-666: The West Side, and Murray Hill , Kips Bay , Turtle Bay , and Gramercy Park on the East Side. It is sometimes broken into "Midtown East" and "Midtown West", or north and south as in the New York City Police Department 's Midtown North and Midtown South precincts. Neighborhoods in the Midtown area include the following: Midtown is the original district in the United States to bear the name and included historical but now defunct neighborhoods such as
10220-401: The arcade along 42nd Street. There are two chandeliers and a painted rhombus pattern on the flat ceiling. A patterned frieze runs near the top of the wall. The space to the west of the main banking room measures 20 feet (6.1 m) wide and 197.5 feet (60.2 m) long. It includes an entrance vestibule, as well as a lobby containing passenger and freight elevators. The vestibule, located to
10360-524: The back of the lot at 41st Street. As it was not a freestanding structure, 110 East 42nd Street deviated from traditional bank building designs, including that of the original main branch at Bowery and Grand Street. Most significantly, it did not resemble a "modified Greek temple" as earlier bank buildings had. The building was instead designed in the Italian Romanesque Revival style, The Italian Romanesque design provided consistency to
10500-595: The banking hall: "This was built for me; herein am I privileged." On the other hand, historian and author George Harold Edgell wrote: "From the point of view of sound economics it is shocking. From the point of beauty it is a complete success." The fifth edition of the AIA Guide to New York City referred to 110 East 42nd Street as "one of the great spaces of New York." A 1986 article in the Canadian newspaper The Globe and Mail said that 110 East 42nd Street "flaunts
10640-402: The banking spaces in 1995, after having bought many of Ahmanson's branches. 110 East 42nd Street's facade and interior were designated as city landmarks in 1996. SL Green bought the building in March 1998 and subsequently renovated the lobby as well as replaced the elevators. The ground-floor banking room was converted to a Cipriani restaurant and upscale event space, with Cipriani finalizing
10780-507: The brightly illuminated hub of the Broadway Theater District , is a major center of the world's entertainment industry. Sixth Avenue also has the headquarters of three of the four major U.S. television networks . Midtown is part of Manhattan Community District 5 . It is patrolled by the 14th and 18th precincts of the New York City Police Department . Geographically, the northern boundary of Midtown Manhattan
10920-462: The building's 6th to 18th floors, as well as the building's garage, to Meadow Partners for $ 117 million. Meadow obtained $ 58.5 million from Apollo Global Management to finance the acquisition. By June 2022, King Street Capital Management was considering giving Cipriani $ 150 million to refinance the debt on 110 East 42nd Street and 55 Wall Street. That September, W. P. Carey gave Cipriani a $ 52.1 million commercial mortgage-backed securities loan and
11060-477: The building's individual elements. The facade elements are also decorated with representations of figures such as "birds, beasts, fantastic mythological creatures [and] human forms". The 42nd Street facade is largely made of Ohio sandstone . On the 42nd Street side, there are also columns and colonettes made of pink granite; tiled wall copings ; and spandrels made of green marble. The spandrels separate metal-framed windows on each story. The 41st Street facade
11200-401: The center and with nearby academic, medical, and research institutions. The New York City Economic Development Corporation 's Early Stage Life Sciences Funding Initiative and venture capital partners, including Celgene , General Electric Ventures, and Eli Lilly, committed a minimum of US$ 100 million to help launch 15 to 20 ventures in life sciences and biotechnology. Real estate is
11340-580: The center of the tower section at the fifth floor, directly above the center of the archway. On the 41st Street side, the facade rises nine stories from ground level, with a cornice at the top of this section. Above the ninth floor, the building contains a 22-foot (6.7 m) setback , and the tower rises behind this setback to the 17th story. The 41st Street side is also articulated with vertical piers and window spandrels. It also contains five bays, with each bay containing two windows per floor. The first floor consists of three sections: an elevator vestibule on
11480-625: The city's main exhibition hall. By then, the dilapidated facilities at the Grand Central Palace were repelling potential exhibitors. In 1952, the federal government signed a letter of intent to lease the lowest four floors, at the time being used as exhibition space, and converted them into office space for the Internal Revenue Service (IRS). After objections from several exhibition hosts, the New York Convention and Visitors Bureau asked that exhibitions be allowed at
11620-411: The citywide average of 20%. Additionally, 92% of high school students in Midtown Manhattan graduate on time, more than the citywide average of 75%. There are no public elementary or middle schools in Midtown. The New York City Department of Education operates the following public high schools in Midtown, serving grades 9–12: Private schools include The Beekman School , Rebecca School , and
11760-563: The counter on its north and south sides. The screen was capped by what Architectural Forum described as "21 squat immortal penny-savers in pierced levanto". Behind the screen, and on the desks, were reflectors that illuminated the work space. The east and west walls each have five arches supported by six polished-marble columns, each of a different color. Proceeding from north to south, the columns are made of Rouge Jaspe, Alps Green, Campan Melange, Rouge Royal, Tinos Green, and Levanto marbles. Each column measures 25 feet (7.6 m) high and has
11900-454: The deal for the new location in January 1999. At the same time, with the renovation and revival of Grand Central in the late 1990s, large tenants began occupying 110 East 42nd's office space. In 2007, Gotham Realty Holdings bought the building for $ 111.5 million, funding the purchase with a loan of $ 124 million from Carlton Advisory Services. By 2011, Gotham was unable to pay the remaining $ 90 million of its loan. In an attempt to avoid foreclosure,
12040-408: The doorway. The words "The Bowery Savings Bank Building" are inscribed on top of the tympanum, and the building's address is fully spelled out on the bottom of the tympanum. Above this archway are two pairs of windows, one each at the third and fourth floors. The third floor includes two rectangular windows and the fourth floor contains two arched grilles in place of window openings. To the east (left)
12180-597: The edifice as containing elements of both the Byzantine and the Romanesque. York and Sawyer's original plans for 110 East 42nd Street called for a four-story-tall banking room, topped by thirteen office floors, to extend the width of the block between 41st and 42nd Streets. A hip-roofed penthouse on top of the office floors would bring the building's height to 18 floors. The building has a frontage of 104 feet (32 m) on 42nd Street and extends 198 feet (60 m) to
12320-418: The end of that year, the bank had installed 860 more safe-deposit boxes to address growing demand. A six-story addition to the east, which came to be called "The Chapel", was proposed in March 1931. York and Sawyer filed plans for the annex that August. The first floor of the annex would contain offices for administration, collection, information, a nd new accounts. The second story would include mortgage offices;
12460-458: The entire level contained a total of 55,000 square feet (5,100 m ). The third and fourth floors were devoted to galleries flanking either side of the second-floor hall, while the fifth and sixth floors formed a "hollow square"-shaped balcony above the glass dome. The interior was lit by more than 4,000 incandescent light bulbs, including seven chandeliers that collectively contained 700 bulbs. More than 50,000 people could be accommodated in
12600-556: The facade, since the Pershing Square Building to the west was designed in a similar manner. York & Sawyer's ultimate design emphasized the juxtaposition of office and banking concerns in the building, which are stacked one above the other. The placement of offices above the banking hall reflected the limitations of the small site. The facade is divided into three vertical sections: the base, tower, and upper stories. The facade contains elements such as arcades , and cornices with corbelling . A variety of materials and colors are used for
12740-479: The hotel cost $ 3.5 million (equal to $ 76.3 million in 2023). To pay the station's construction cost, the Public Service Commission approved the construction of a 25-story building above the station. By May 1915, the building site had been excavated for the construction of the building. Despite the passage of the 1916 Zoning Resolution , which required architectural setbacks to provide light to
12880-593: The location as the "42nd Street Office of the Bowery Savings Bank", refusing to call it a "branch". The bank's 42nd Street branch opened on June 25, 1923, with 5,600 accounts, more than half of which had been transferred from the Universal Savings branch. Just prior to the branch's opening, the bank moved $ 202 million of deposits (equal to $ 2.8 billion in 2023) the original branch to the new branch, using 14 armored cars guarded by 100 heavily armed policemen. The bank retained its original offices on Bowery. Upon
13020-403: The main wall surfaces. Marble, artificial stone, and plaster are also used. The socle is made of Alps Green marble, and the walls above are made of limestone and sandstone. Near the top of the wall, there was a deep-red frieze with white figures. The ceiling above the banking room contains six deep beams, which are actually steel trusses. These beams are supported by imitation-stone corbels on
13160-603: The meantime, until the Coliseum opened, exhibitions would be held at the Kingsbridge Armory in the Bronx as well as other armories in Manhattan . The Grand Central Palace's demise started in 1955, when the entire area around the terminal was opened for development in an attempt to net more money for the struggling New York Central Railroad. By 1957, the du Pont estate proposed constructing five office buildings on
13300-510: The neighborhood was 64.1% (18,351) White , 4.6% (1,310) African American , 0.1% (34) Native American , 20.8% (5,942) Asian , 0% (8) Pacific Islander , 0.3% (92) from other races , and 2% (569) from two or more races. Hispanic or Latino residents of any race were 8.1% (2,324) of the population. The entirety of Community District 5, which comprises Midtown Manhattan, had 53,120 inhabitants as of NYC Health 's 2018 Community Health Profile, with an average life expectancy of 84.8 years. This
13440-436: The new Bowery Savings Bank branch and of brokerage firms on 42nd Street bolstered its reputation as a "Little Wall Street". Some alterations were made to the main building in 1927, including the installation of a clock, bronze display cases, and revolving doors outside the 42nd Street entrance. The bank established a safe-deposit department at its 42nd Street branch in March 1929, with 2,924 safe-deposit boxes in seven sizes. By
13580-556: The new Savings Bank at the site of the Grand Union Hotel. The lead architect on the project was William Louis Ayres. The plans were filed with the New York City Department of Buildings in April 1921. Excavations had started in February 1921 in advance of the plans' approval, and that June, the building committee recommended to start construction immediately. Construction on the building officially commenced that July with
13720-564: The north and facing 42nd Street, contains a ceiling with three ceiling vaults. It includes a staircase to the New York City Subway 's Grand Central–42nd Street station , serving the 4 , 5 , 6 , <6> , 7 , <7> , and S trains, along its western side. To the south is the elevator lobby, which contains decorative floor tiling and six painted ceiling vaults. Six major trusses run perpendicular to
13860-446: The north, there is a large round-arched entrance taking up most of the facade, with detailed archivolts running on the underside of the archway. The arch measures 27 feet (8.2 m) wide and 47 feet (14 m) high. The large ground-floor arch leads to the giant banking room inside. A short flight of stairs leads to a set of doors, above which is a large window that fills the rest of the arch opening. There are voussoirs running along
14000-404: The northeastern corner of the banking room leads to the basement; it contains Levanto marble walls and parapet, as well as wooden handrails. The marble tellers' counter, 50 inches (130 cm) high, was in the middle of the banking room. The high wainscot and counter base were made of Rosso Levanto marble. A bronze teller's screen ran above the surface of the teller's counter. There were openings in
14140-720: The offices where they were at the last minute. Global Infrastructure Partners has an office in Midtown Manhattan. Silicon Alley , the common metonym for New York City's high tech sector, is based in Midtown South , specifically the Flatiron District . Prominent Silicon Alley companies in Midtown include AppNexus , Blue Apron , Gilt , Betterment , Oscar , SoFi , Rent the Runway , Warby Parker , and WeWork . The technology sector has been expanding across Midtown Manhattan since 2010. The biotechnology sector
14280-411: The old Grand Central Station was being demolished in sections, a process that started in 1910. The original Palace was demolished by 1913 to make way for Grand Central Terminal. A new 13-story building was opened on May 19, 1911. The 13-story building, with twice as much floor space as the previous structure, was located on the west side of Lexington Avenue between 46th and 47th Streets, occupying
14420-421: The opening of 110 East 42nd Street, the branch had total deposits of $ 177 million (equal to $ 2.5 billion in 2023). There were 2,500 new accounts opened at the 42nd Street branch on the first day of operation. Customers registered 33,803 new accounts in the following nine months, and total deposits at the 42nd Street branch increased by $ 25 million in that time period (equal to $ 348.1 million in 2023). The presence of
14560-589: The original building simultaneously. The structure had a 50,000-square-foot (4,600 m ) roof with a seasonal roof garden and a stage. A bridge connected the Palace to the Grand Central Depot, across Depew Place to the west. The second Grand Central Palace followed the precedent set by the Beaux-Arts architecture of Grand Central Terminal. It contained over 600,000 square feet (56,000 m ) of floor area. The Lexington Avenue facade featured
14700-400: The original structure. The Palace served as New York's main exposition hall from 1911 until 1953, when the exhibition space was replaced by office space for the Internal Revenue Service . The building was demolished starting in 1964. Throughout its history, the Grand Central Palace hosted auto, boat, flower and trade shows , though parts of the Palace were used as office space. The first Palace
14840-428: The power of New York money. Stupendously lavish, marbled and pillared and bronzed and tiled, it still has elegant Art Deco banking tables where you can write out cheques with an Art Deco ballpoint." Robert A. M. Stern wrote that the Bowery Savings Bank's midtown building "was without question the era's most opulent bank" and that it "rivaled" the original branch as the city's most ornate bank building. The building's design
14980-516: The present New York City Subway. A set of platforms at Grand Central, now serving the IRT Lexington Avenue Line ( 4 , 5 , 6 , and <6> trains), was to be built diagonally under the building site as part of the agreement. At the time, the site under the proposed station was occupied by Grand Union Hotel, which was condemned via eminent domain in February 1914. The condemnation proceedings for
15120-500: The proposed trade center, the deal did not go through. Control of the Palace and Park-Lexington Building was transferred to the publisher Condé Nast in 1928. As part of Conde Nast's purchase of the Palace, the eight upper floors would be turned into sales offices, while the three lower floors would continue to be used as exhibition space. By 1932, the mortgage covering the Palace and the Park-Lexington Building
15260-574: The proximity of Grand Central Terminal spurred the construction of a hotel district in the area. Alfred I. du Pont and a group of associates took over the Grand Central Palace's lease in May 1918. Subsequently, in August 1918, the building was rented to the U.S. government, which used the structure as a hospital during World War I . The government relinquished the Palace to du Pont's syndicate in April 1919. The following year, du Pont and his associates announced that no new exhibitions would be held in
15400-437: The restrooms and corridors on the office floors had just been upgraded. The areas immediately surrounding Grand Central, including 110 East 42nd, had 1.8 million square feet (170,000 m) of air rights above the terminal and its rail yards. This allowed for the construction of developments with that maximum floor area above Grand Central. That year, some of 110 East 42nd's unused air rights were passed to One Vanderbilt ,
15540-538: The streets below, the building plans conformed with the older zoning codes, which did not require setbacks. Though the IRT Lexington Avenue Line's 42nd Street station opened in 1918, the site above the station was not developed as planned. The Transit Commission attempted to sell the building site in May 1920 for $ 2.8 million (equal to $ 32.3 million in 2023), but no one placed a bid. Then in July 1920,
15680-507: The structure stood empty for the rest of the year, when it held some exhibits from the World's Columbian Exposition in Chicago. One of the larger events hosted in the first Palace was a Democratic Party political rally in 1900, which was described at the time as "one of the largest ever held in the Grand Central Palace". The first auto show held in Grand Central Palace occurred in 1907 and
15820-402: The third story would be for the controller's department; and the fourth story would include service rooms. Louis Ayres designed the addition, while Marc Eidlitz & Son, Inc. erected the structure. The Chapel annex was completed by 1933. The fifth floor facade's marble colonnettes were replaced with granite ones in 1951, and the annex's windows and entrance were redesigned in 1956. A plaque
15960-453: The time, as many of the public had never seen an airplane. The two auto shows were combined starting in 1913, though the combined auto shows were still split between Madison Square Garden and the new Grand Central Palace. The Palace was also the site of the Women's Industrial Expositions from 1912 to 1915. The Westminster Kennel Club Dog Show was held at the Grand Central Palace, as well as
16100-401: The top of the arch, with a carved motif located within every other voussoir. A pair of rose windows , small circular apertures, are located at the fourth floor flanking the top of the arch. An arcade with arched openings runs along the fifth floor facade. Also above this large arch are carvings of numerous animals that represent facets of the savings industry. These include a squirrel, a rooster,
16240-417: The tracks. The building is directly above the New York City Subway 's Grand Central–42nd Street station . As it was not a freestanding structure, 110 East 42nd Street deviated from traditional bank building designs, being laid out as an office building with a bank. The sandstone facade is divided into three vertical sections: the base, tower, and upper stories. Within the four-story base on 42nd Street, there
16380-706: The walls and are supported by twelve corbels, while smaller trusses run diagonally between alternating corbels. Six chandeliers hang from the ceiling at the locations where the diagonal trusses cross each other. The elevator doors contain bronze panels with various embossed motifs. In 1913, the Dual Contracts were signed by the Interborough Rapid Transit Company (IRT) and the Brooklyn–Manhattan Transit Corporation (BMT), two companies which operated parts of
16520-555: The walls, which conceal steel brackets beneath. The ceiling is coated with six layers of materials, giving the impression that it contains coffers and small wooden beams. Six cast-bronze chandeliers are anchored from the ceiling, each of which has three tiers. The central lamp was modeled after that of the Hagia Sophia . Originally, the center of the ceiling had a skylight with twelve panels of pale amber glass. The skylight measures 35 by 60 feet (11 by 18 m). The "Chapel" annex
16660-418: The west (left) and one to the east (right) of the arch. These bays each contain two rectangular windows on the second floor, two arched windows on the third floor, and a rose window on the fourth floor. A driveway leading to an underground parking garage is located on the first floor underneath the leftmost bay. The upper floors are largely finished in limestone with marble spandrels and metal-framed windows. On
16800-546: The west and the Chanin Building is to the east. Other nearby buildings include the Grand Hyatt New York hotel to the north, the Chrysler Building to the northeast, the Socony–Mobil Building to the east, and 101 Park Avenue to the south. The completion of the underground Grand Central Terminal in 1913 resulted in the rapid development of Terminal City , the area around Grand Central, as well as
16940-582: The west, a banking room on the center, and the smaller "Chapel" section to the east. The annex and banking rooms use a mixture of materials on the walls and columns. According to the Landmarks Preservation Commission, these include ashlar as well as "marble, limestone, sandstone, imitation stone, and plaster". Valuables were stored in a bank vault in the basement, measuring 9 feet 8 inches (2.95 m) wide and 36 feet (11 m) deep. The York Safe and Lock Company built
17080-429: The world. Midtown Manhattan is the country's largest commercial, entertainment , and media center, and is also a growing financial and fintech center. Many of New York City's skyscrapers , including its tallest hotels and apartment towers , are located in Midtown Manhattan. The neighborhood hosts commuters and residents working in its offices, hotels, and retail establishments, tourists and students. Times Square,
17220-403: Was $ 101,981, though the median income in Midtown individually was $ 120,854. In 2018, an estimated 11% of Midtown Manhattan residents lived in poverty, compared to 14% in all of Manhattan and 20% in all of New York City. One in twenty residents (5%) were unemployed, compared to 7% in Manhattan and 9% in New York City. Rent burden, or the percentage of residents who have difficulty paying their rent,
17360-455: Was a six-story brick structure. Its footprint measured 200 by 275 feet (61 by 84 m) and it contained 310,000 square feet (29,000 m ) of floor space. The first floor, at ground level, had cafes that flanked the entrance to Lexington Avenue on the east, as well as a large exhibition area. There was a grand staircase to the second floor, which had a three-story-high glass- domed hall with 12,000 square feet (1,100 m ) of floor space;
17500-418: Was a six-story structure built in 1893 between 43rd and 44th Streets. It was demolished during the construction of Grand Central Terminal , and a new 13-story structure was constructed between 46th and 47th Streets. The second Grand Central Palace was designed by Grand Central Terminal architects Warren and Wetmore and Reed and Stem in the Beaux-Arts architectural style , and had almost twice as much room as
17640-416: Was acquired by H. F. Ahmanson & Co. in 1991, the building's ownership was jointly transferred to Ahmanson and a limited partnership , which owned the building as a condominium . The LPC hosted public hearings in 1993 to determine whether to designate the Bowery Savings Bank branch at 110 East 42nd Street, as well as the interior of the 130 Grand Street branch, as city landmarks. Greenpoint Bank took over
17780-420: Was also used as a temporary railroad terminal during the construction of Grand Central Terminal in the 1900s. The original Grand Central Palace was constructed in 1893 on the block bounded by Lexington Avenue, Depew Place, and 43rd and 44th Streets. At the time, Depew Place was an alley located west of Lexington Avenue, which formed the eastern boundary of Grand Central Depot to the west. The original Palace,
17920-429: Was among the parties which were seeking to add an uptown location. In September 1920, its trustees unanimously agreed to look for an uptown site. The trustees soon found a site on 42nd Street. The bank's management were initially unenthusiastic about the 42nd Street site, because it was right next to the elevated Grand Central station . However, the bank's president pointed out that the original Bowery Savings Bank Building
18060-515: Was announced, with the aim of reducing traffic congestion. Approximately 750,000 vehicles enter Midtown Manhattan on a fall business day. According to the 2011 Traffic Data Report for New York State, 777,527 vehicles a day went through select toll facilities into Manhattan. The New York Supreme Court, Appellate Division , First Department, is located at the Appellate Division Courthouse at 25th Street and Madison Avenue
18200-572: Was being foreclosed upon. In 1933, Heckscher offered to sell the Grand Central Palace to the federal government for $ 6 million, so it could be replaced with a post office facility. At the time, the Palace was located atop part of the Grand Central Terminal's storage yards, and there was a mail chute from the building to the tracks underneath. Because the New York Central Railroad still owned the land underneath
18340-602: Was completed in 1900 by architect James Brown Lord , who used a third of the construction budget to decorate the building with statues and murals. The Puerto Rico Federal Affairs Administration operates its New York office on the 22nd floor at 135 West 50th Street . Several countries, including Algeria , Argentina , The Bahamas , China , Costa Rica , Germany , Ireland , Israel , Jamaica , Japan , Luxembourg , Mexico , Morocco , Saudi Arabia , Singapore , South Africa , South Korea , United Kingdom , and Ukraine , have Permanent Missions accredited to
18480-407: Was erected outside 110 East 42nd Street in 1957, designating it as a point of interest and an unofficial "landmark". The screen above the 42nd Street archway were replaced with a glass window in 1962. The New York City Landmarks Preservation Commission (LPC) first considered designating the Bowery Savings Bank branch at 110 East 42nd Street as a landmark in 1966. A year after the Bowery Savings Bank
18620-808: Was hosted by the Automobile Club of America . At the time, a separate auto show for foreign cars was hosted at the Madison Square Garden . In 1911, the First Industrial Aeroplane Show (now the Industrial Airplane Show ), was held in conjunction with the North American International Auto Show at Grand Central Palace. The event ran from December 31, 1910, through mid-January 1911. It was a major event at
18760-486: Was itself next to an elevated line and that the 42nd Street location was very close to Grand Central Terminal and its attached subway station. Another issue was that a standalone bank building at 42nd Street was too expensive, so the building would also have to contain offices. The trustees bought the lot in November 1920 and established a committee the next month to draw up plans. The Bowery Savings Bank's decision reflected
18900-523: Was moving its North American headquarters from Midtown to Melville , New York , in Suffolk County on Long Island . Based on data from the 2010 United States Census , the population of Midtown Manhattan was 28,630, a change of 2,823 (9.9%) from the 25,807 counted in 2000 . Covering an area of 692.81 acres (280.37 ha), the neighborhood had a population density of 41.3 inhabitants per acre (26,400/sq mi; 10,200/km ). The racial makeup of
19040-479: Was not widely copied by other bank buildings in New York City, but its use of a variety of architectural elements was nonetheless emulated in other banks' designs. Midtown Manhattan Midtown Manhattan is the central portion of the New York City borough of Manhattan , serving as the city's primary central business district . Midtown is home to some of the city's most prominent buildings, including
19180-408: Was sold on July 2, 2007, for US$ 510 million, about US$ 1,589 per square foot (US$ 17,104/m ), it broke the barely month-old record for an American office building of US$ 1,476 per square foot (US$ 15,887/m ) based on the sale of 660 Madison Avenue . In 2014, Manhattan was home to six of the top ten zip codes in the United States by median housing price. In 2019, the most expensive home sale ever in
19320-441: Was sold to SL Green in 1998, and the former banking space was turned into an event venue and banquet hall operated by Cipriani S.A. The upper floors of 110 East 42nd Street continue to be used as an office building. Gotham Realty owned the office floors from 2007 to 2011, and Meadow Partners took ownership of the office stories in December 2021. 110 East 42nd Street is in the Midtown Manhattan neighborhood of New York City . It
19460-401: Was the first bank in the state to take advantage of a special provision in the state law, which allowed a savings bank to operate two branches if it merged with another savings bank. The Bowery Savings Bank took over the Universal Savings Bank in January 1921 and started operating a temporary branch next to Grand Central Terminal. That month, Mandel sold the Bowery Savings Bank the eastern half of
19600-462: Was the first to be electrified, on September 30, 1906. The temporary station was not ready until November of that year. By that time, trains on the Harlem Line were electrified, and its operations moved to the basement of Grand Central Palace. New Haven Line electric trains started running to Grand Central Palace in October 1907. The Palace was used as the terminal for all three lines while
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