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The Financial District of Lower Manhattan, also known as FiDi, is a neighborhood located on the southern tip of Manhattan in New York City. It is bounded by the West Side Highway on the west, Chambers Street and City Hall Park on the north, Brooklyn Bridge on the northeast, the East River to the southeast, and South Ferry and the Battery on the ...
Wall Street is a street in the Financial District of Lower Manhattan in New York City. It runs eight city blocks between Broadway in the west and South Street and the East River in the east.
Apr 24, 2024 · By Jon Tayler. Photo credit: Jon Tayler. For 300 years, from colonists to traders to immigrants, the first step almost every new New Yorker took onto the island of Manhattan happened in the Financial District.
Sep 7, 2021 · finance. The Death and Life of NYC’s Financial District. In the years since 9/11, many banks left the neighborhood, primarily for Midtown. But FiDi didn’t empty out. Photo by jennieramida on Unsplash. By Neal Freyman. September 7, 2021. · less than 3 min read. Become smarter in just 5 minutes.
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1 Wall Street Court is in the Financial District of Lower Manhattan. It occupies most of the block bounded by Hanover Street to the west, Pearl Street to the southeast, and Beaver Street to the north, with facades on Pearl and Beaver Streets. The building faces eastward toward the five-pointed intersection of Pearl, Beaver, and Wall Streets. It is ...
1 Wall Street Court was designed by Clinton and Russell in the Renaissance Revival style. It is 205 feet (62 m) tall with 15 stories and a partially raised basement. 1 Wall Street Court is one of a few buildings in Lower Manhattan that are shaped like a flatiron, but its design was largely overlooked in favor of other buildings such as the Flatiron...
Construction
During the late 19th century, builders began erecting tall office buildings in New York City, especially in Lower Manhattan, where they were compelled to build tall structures due to a lack of available land. One such project was led by the Century Realty Company, who hired Clinton and Russell in 1903 to design a speculative development on a narrow lot at Beaver and Pearl Streets.The Remington Construction Company was hired as the contractor for the building, which was planned to cost $600,00...
Munson Line use
The Munson Line, a steamship-line company operating from the United States to the Caribbean and South America, took up offices in the Beaver Building in May 1904. The building was sold to the Hoffman family in 1905 for $1.25 million in cash. The New York Timesdescribed the transaction as the "first cash purchase of a downtown skyscraper reported in several years". The Munson Steamship Line bought the Beaver Building in July 1919, when the building was estimated to be worth $1.5 million. The B...
Cocoa Exchange use
In April 1931, the New York Cocoa Exchange—at the time described by the Brooklyn Daily Eagle and The New York Times as the world's largest cocoa market—moved to the Beaver-Munson Building from its original headquarters at 124 Water Street. By 1937, the Munson Building Corporation had a debt of $831,690, and the Beaver Building was foreclosed upon. The Beaver Building and a four-story extension at 80 Beaver Street went up for auction in April 1937. The winning bid was from the Bowery Savings B...
1 Wall Street Court was one of the first tall structures in New York City to use multicolored glazed terracotta. Prior to the 1920s, few buildings in the city used this type of material, exceptions including the Madison Square Presbyterian Church and the Broadway–Chambers Building. The writer Herbert Croly, in an Architectural Record article, was a...
Sources
1. "Beaver Building" (PDF). New York City Landmarks Preservation Commission. February 13, 1996. 2. Croly, Herbert D. (April 1906). "Glazed and Colored Terra-Cotta" (PDF). Architectural Record. Vol. 19. p. 322. 3. "Historic Structures Report: Beaver Building" (PDF). National Park Service, National Park Service. July 6, 2005. 4. "The Beaver Building". Architects' and Builders' Magazine. Vol. 36. August 1904. pp. 514–522.
Media related to 1 Wall Street Courtat Wikimedia CommonsSep 5, 2020 · September 5, 2020 | Sarah Funky. Today I’m going to share the New Yorker’s guide to Wall Street & The Financial District. This is the area where I’ve lived and started my tour company so I know it very well. I will cover South Street Seaport and Battery Park in this guide as well.
Mar 18, 2024 · The Financial District (also known as FiDi), is the oldest neighborhood in New York City, making it a goldmine for history buffs. Historic 200-year-old buildings rub shoulders with soaring skyscrapers (including the tallest building in America). Let’s cover the best things to see while visiting the Financial District in Lower Manhattan!
