15 Broad Street

Skyscraper in Manhattan, New York April 2020 15 Broad Street Equitable Trust Building Downtown by Philippe Starck Broad Street P.jpg Seen in the background; the smaller building in front at the street corner is 23 Wall Street Financial District, Manhattan, New York City 15 Broad Street, New York, NY 10005 yes 40 42 24 N 74 0 38 W it type:landmark_region:BE 1928 43 Neoclassicism 2005 551 ft m Trowbridge & Livingston 15 Broad Street (formerly known as the Equitable Trust Building) is a residential condominium and former office building in the Financial District of Manhattan, New York City, on the eastern side of Broad Street between Wall Street and Exchange Place. It has entrances at 51 Exchange Place and 35 Wall Street. It was completed in 1928 and ranked among the 20 largest office buildings in the world in 1931.Chase W. Parker https://babel.hathitrust.org/cgi/pt?id=uva.x000525067&view=1up&seq=165 New York, the Wonder City New York Bound 1983 978-0-9608788-2-6 New York 161 9946323 1932 Architecture The building was built in the neoclassical style for the Equitable Trust Company and was therefore called the Equitable Trust Building. The architects were Trowbridge & Livingston, who also drew plans for the adjacent structures at 14 Wall Street, New York Stock Exchange Building annex, and 23 Wall Street.19 The builder was the Thompson–Starrett Co. The layout of the building is L-shaped, wrapping around 23 Wall Street. The building is 540 feet high and has 43 floors.Downtown by Philippe Starck https://www.emporis.com/buildings/115579/downtown-by-philippe-starck-new-york-city-ny-usa https://web.archive.org/web/20170313124942/https://www.emporis.com/buildings/115579/downtown-by-philippe-starck-new-york-city-ny-usa usurped March 13, 2017 March 12, 2017 Emporis The assumed value in 1931 was $17,250,000. The facade is made out of grey brick stone, while the limestone base echoes the facade of neighboring 23 Wall Street. The rent area was 750000 sqft m2; the interior was originally luxuriously fitted out. History Construction and early years 15 Wall Street replaced the 10-story Mills Building (completed 1882) and another building on the site. The skyscraper contained a truss that spanned above 23 Wall Street. to allow the inclusion of this truss, J.P. Morgan & Co., which occupied the immediately adjoining 23 Wall Street, sold the air rights above that building to the Equitable Trust Company, for which 15 Broad Street was being constructed. To prevent damage to the older structure, heavy timbers were placed on 23 Wall Street's roof while the skyscraper was being built.1927-03-29 Build High in Air Over Morgan Bank; 30 Stories of Equitable Trust Addition on Truss Atop Present Structure en-US 1 The New York Times http://timesmachine.nytimes.com/timesmachine/1927/03/29/101685292.pdf 2021-02-05 0362-4331 The building was completed in 1928. The Equitable Trust Co. was one of the units of the Chase National Bank organizations, one of the largest and most powerful banking institutions in the world at the time. The law firm Davis Polk & Wardwell was located in the predecessor building from around 1889 and moved out when it was demolished, but returned to the address into the newly completed building and stayed there until 1959. First remodeling In late 1955, J.P. Morgan & Co. arranged to purchase 15 Broad Street from the Chase Manhattan Bank, which then owned the building. Chase wanted to build a new headquarters at 28 Liberty Street and was selling 15 Broad Street to raise money for the project.1955-12-08 J. P. Morgan to Buy Building From Chase Bank; 38-Story Structure Adjoins Offices of the Former en-US 57 The New York Times http://timesmachine.nytimes.com/timesmachine/1955/12/08/81985415.pdf 2021-02-06 0362-43311955-12-08 J.P. Morgan to Buy 38-Story Building From Chase Manhattan 6 Wall Street Journal https://www.proquest.com/docview/132192946 subscription 2021-02-06 0099-9660 132192946 Once the sale was concluded the following March, J.P. Morgan & Co. announced that Turner Construction would extensively renovate the building to plans by Rogers & Butler. The work involved adding air-conditioning, adding a ground-floor entrance at 35 Wall Street, and installing cooling towers on the roof. The work was to be complete in mid-1957.1956-03-25 Morgan Offices Get Air Cooling; Extensive Alterations for a 40-story Structure at Broad and Wall Sts en-US R1 The New York Times http://timesmachine.nytimes.com/timesmachine/1956/03/25/86554419.pdf 2021-02-06 0362-4331 The building was also linked to 23 Wall Street as part of the project.1957-06-24 J.P.Morgan Realizes an Old Goal: A Modern Building en-US The New York Times https://www.nytimes.com/1957/06/24/archives/jpmorgan-realizes-an-old-goal-a-modern-building.html 2021-02-06 0362-4331 Morgan & Co. became the Morgan Guaranty Trust Company in 1959 following a merger with the Guaranty Trust Company.1959-04-23 Morgan, Guaranty Deal Cleared; Merger of 2 Big Banks Gets State Approval -- Reserve Board Ruling Awaited en-US 41 The New York Times http://timesmachine.nytimes.com/timesmachine/1959/04/23/83682477.pdf 2021-02-03 0362-4331 Morgan Guaranty considered constructing additional stories atop 23 Wall Street as well as replacing both structures with one headquarters.June 19, 1972 J.P. Morgan & Co. Building https://catalog.archives.gov/medialz/electronic-records/rg-079/NPS_NY/72000874.pdf National Register of Historic Places, National Park Service 5 2021-03-08 A major renovation commenced in the two buildings in 1962, in preparation for their conversion into a headquarters for Morgan Guaranty. The company's old headquarters at 140 Broadway was being demolished to make way for the Marine Midland Bank Building.Vartan Vartanig G. 1963-07-31 Renovation Shatters the Calm Of a Famous Banking House; The House of Morgan at 23 Wall Street Is Getting a New Interior en-US 51, 53 The New York Times https://timesmachine.nytimes.com/timesmachine/1963/07/31/89949441.pdf 2021-02-03 0362-4331 The renovation was completed in 1964.1964-02-19 Memories Persist at the House of Morgan; 4 Retired Employes Tour 'Corner' at 23 Wall Street en-US The New York Times https://www.nytimes.com/1964/02/19/archives/memories-persist-at-the-house-of-morgan-4-retired-employes-tour.html 2021-02-02 0362-4331 Condominium conversion 15 Broad Street and 23 Wall Street were sold in 2003 for $100 million to Africa Israel and Boymelgreen. The conversion came after plans to have the building demolished for a new stock exchange building were dropped.Project Updates: 15 Broad Street http://www.lowermanhattan.info/construction/project_updates/15_broad_street_31950.aspx dead https://web.archive.org/web/20070219042138/http://www.lowermanhattan.info/construction/project_updates/15_broad_street_31950.aspx February 19, 2007 January 25, 2007 LowerManhattan.info The building became a luxury condominium development called Downtown, designed by French product designer Philippe Starck along with project architect Ismael Leyva and developer A.I. & Boymelgreen, making it one of a growing number of residential buildings in the Financial District. Remodeling was largely completed at the end of May 2007. According to Real Estate Weekly, by November 2006, 98% of the apartments had been sold. Prices for the 326 units ranged from about $335,000 for a studio to $4.6 million for a two-bedroom apartment with a terrace. The building is fitted with many amenities such as a gym, swimming pool, dance and yoga studio, squash court, bowling alley, business centre, movie theater, lounge and an in-house dry cleaning service amongst other things. thumb|Crystal chandelier in the lobby of 15 Broad StreetThe original 1,900-piece Louis Quinze chandelier that used to hang in the main hall of J. P. Morgan's 23 Wall Street was given by Morgan to be displayed in the lobby of 15 Broad Street. According to the architect Phlippe Starck, many pieces had come from Austria-Hungary before World War I and have been identified by him as Swarovski crystal.https://query.nytimes.com/gst/fullpage.html?res=9E01E6DA133CF932A25756C0A9629C8B63&sec=&spon=&pagewanted=all The New York Times David W. Dunlap David W. Dunlap May 11, 2004 January 25, 2007 Condos, Not Roll-Tops, on Finance's Holiest Corner Starck made the roof of 23 Wall into a 5000 sqft m2 on garden with children's pool and dining area, accessible to the residents of the development. References External links Category:Office buildings completed in 1928 Category:House of Morgan Category:Residential buildings in Manhattan Category:Wall Street Category:Financial District, Manhattan