181 Montague Street

Commercial building in Brooklyn, New York June 2024 181 Montague Street People's Trust Company Building People's_Trust_Company_Building_183_Montague_Street_Brooklyn.jpg 250 Neoclassical (original building) The Montague Street facade of the People's Trust Company Building 181–183 Montague Street Brooklyn, New York United States yes region:US-NY_type:landmark dms inline,title 1904 (original building)1929 (annex) March 31, 1906 (original building)April 1930 (annex) 2 (original building)6 (annex) Mowbray & Uffinger (original building)Walker & Gillette (annex) yes NYCL 2586 January 24, 2017Landmarks Preservation Commission 2017 . 1 Designated entity Exterior 181 Montague Street, also known as the People's Trust Company Building, is a commercial building in the Brooklyn Heights neighborhood of Brooklyn in New York City, New York. The original two-story building on Montague Street was designed by architectural firm Mowbray & Uffinger, while Walker & Gillette designed a six-story annex at the rear, on Pierrepont Street. The structure was built as part of "Bank Row", a series of bank buildings on Montague Street within Brooklyn Heights. The original building's facade is made of white marble quarried from Dover, New York, as well as polished pink granite quarried from Milford, Massachusetts. The primary element of the Montague Street facade is a tetrastyle portico with four fluted columns supporting a triangular pediment with carved cartouches. Walker and Gillette designed the Pierrepont Street annex with a granite entryway surrounded by bands. Originally, the offices were spread across two levels. The People's Trust Company had been founded in 1889 and initially was located in two other buildings on Montague Street. In May 1901, the president of the People's Trust Company purchased two land lots at 181 and 183 Montague Street. Workers began clearing the site in 1904, and the new People's Trust Company Building was completed in March 1906. By the late 1920s, the branch at 181 Montague Street could no longer accommodate all of National City Bank's business, so the annex was built during 1929. The bank branch continued to be operated by Citibank through the early 21st century, and Citibank placed the building for sale in 2012. The developer Jonathan Rose acquired 181 Montague Street in March 2015, and the building became a New York City designated landmark in 2017. Site The People's Trust Company Building is located at 181–183 Montague StreetRider Fremont https://books.google.com/books?id=Zcs3AQAAIAAJ&pg=PA572 Rider's New York City: A Guide-Book For Travelers, With 13 Maps and 20 Plans H. Holt 1923 Rider's guides 572 June 7, 2023 May 30, 2023 https://web.archive.org/web/20230530193828/https://books.google.com/books?id=Zcs3AQAAIAAJ&pg=PA572 live in the Brooklyn Heights neighborhood of Brooklyn in New York City.599 It occupies a narrow land lot near the western end of the block bounded by Court Street to the east, Montague Street to the south, Clinton Street to the west, and Pierrepont Street to the north.138 Pierrepont Street, 11201 https://zola.planning.nyc.gov/l/lot/3/244/7502 January 1, 2021 New York City Department of City Planning May 29, 2023 https://web.archive.org/web/20230529212048/https://zola.planning.nyc.gov/l/lot/3/244/7502 live The site covers an area of 9,349 ft2 and combines two roughly rectangular lots. It has frontage of 50 ft on Montague and Pierrepont Streets and a depth of 200 ft, although the portion of the site on Pierrepont Street is aligned slightly further east from the portion on Montague Street. The building adjoins the Brooklyn Trust Company Building to the west and 185 Montague Street to the east, although the bank buildings have different architectural styles.http://s-media.nyc.gov/agencies/lpc/lp/1905.pdf Brooklyn Trust Company Building June 25, 1996 New York City Landmarks Preservation Commission 5 June 19, 2024 June 19, 2024 https://web.archive.org/web/20240619150243/http://s-media.nyc.gov/agencies/lpc/lp/1905.pdf live Other nearby buildings include the Montague–Court Building at the eastern end of the block; the Center for Brooklyn History building and the St. Ann & the Holy Trinity Church, just across Clinton Street to the west; and the Crescent Athletic Club House of Saint Ann's School, to the northwest across Clinton and Pierrepont Streets. An entrance to the New York City Subway's Borough Hall/Court Street station is across Clinton Street to the west. The site was historically owned by Hezekiah Pierrepont, one of Brooklyn Heights' developers; Pierrepont Street was named for him, while Montague Street was named for his relative Lady Mary Wortley Montagu.Landmarks Preservation Commission 2017 . 3 During the 1860s and early 1870s, the Brooklyn Academy of Music, Brooklyn Mercantile Library, and Brooklyn Art Association all had developed buildings on the adjoining block of Montague Street, which ran between Clinton and Court Streets. An increasing number of businesses were moving to the area by the 1890s, and the adjacent block of Montague Street was nicknamed "Bank Row" after several bank buildings were built there in the 1900s. Among the banks in the area were the Brooklyn Trust Company, which moved to the corner of Montague and Clinton Street in 1873, as well as the People's Trust Company and the National Title Guaranty Company.Landmarks Preservation Commission 2017 . 4 Architecture The original building on Montague Street was designed by architectural firm Mowbray & Uffinger, composed of Louis Montayne Mowbray and Justin Maximo Uffinger, in a neoclassical style and completed in 1906.Landmarks Preservation Commission 2017 . 6 The United States Department of Housing and Urban Development wrote in 1985 that the building "reflects the popularity of Roman Classical forms for late 19th and 20th century banks."https://books.google.com/books?id=-eA3AQAAMAAJ Brooklyn, Pierrepont Street Office Development: Environmental Impact Statement United States Department of Housing and Urban Development 1985 2.85 en May 30, 2023 https://web.archive.org/web/20230530195535/https://books.google.com/books?id=-eA3AQAAMAAJ live Walker & Gillette designed the rear addition on Pierrepont Street, which was completed in 1929.October 10, 1929 New $600,000 Bank Building in Brooklyn 12 The Brooklyn Daily Eagle https://www.newspapers.com/article/the-brooklyn-daily-eagle-new-600000-ba/125708469/ June 2, 2023 June 2, 2023 https://web.archive.org/web/20230602005059/https://www.newspapers.com/article/the-brooklyn-daily-eagle-new-600000-ba/125708469/ live The design of the rear annex has been incorrectlyLandmarks Preservation Commission 2017 . 9 attributed to Shreve, Lamb & Harmon, who designed the Empire State Building.Morrone Francis https://books.google.com/books?id=cIOZO8_HNGAC&pg=PA146 An Architectural Guidebook to Brooklyn 2001 Gibbs Smith 978-1-4236-1911-6 146 June 7, 2023 June 1, 2023 https://web.archive.org/web/20230601175919/https://books.google.com/books?id=cIOZO8_HNGAC&pg=PA146 live Facade Original building thumb|Detail of the pediment The original building's facade, by Mowbray & Uffinger, is made of white marble quarried from Dover, New York, as well as polished pink granite quarried from Milford, Massachusetts.Bankers' Magazine 1910 . 110Landmarks Preservation Commission 2017 . 2 Granite is used on the water table, while marble is used on the rest of the facade. The primary element of the Montague Street facade is a tetrastyle portico with four fluted columns supporting a triangular pediment. Each column measures 27 ft tall and measures 3.83 by 3.83 ft across.February 1, 1915 Big Columns of American Stone Stone 36 2 77 910679535 The columns have variously been cited as weighing 20 ST LT t,August 31, 1905 B.R.T. Fights Truckman 3 Times Union https://www.newspapers.com/article/times-union-brt-fights-truckman/125687897/ June 1, 2023 June 1, 2023 https://web.archive.org/web/20230601185324/https://www.newspapers.com/article/times-union-brt-fights-truckman/125687897/ live 24 ST LT t, 28 ST LT t,March 25, 1906 Peoples Trust Company in Handsome New Home 64 The Brooklyn Daily Eagle https://www.newspapers.com/article/the-brooklyn-daily-eagle-peoples-trust-c/125688207/ June 1, 2023 June 1, 2023 https://web.archive.org/web/20230601183817/https://www.newspapers.com/article/the-brooklyn-daily-eagle-peoples-trust-c/125688207/ live or 40 ST LT t.October 1, 1909 People's Trust Company Building, Brooklyn Stone 30 5 220A 910681106 At the time of the bank building's construction, they were among the largest columns used in a building in the New York City area. Each of the columns is placed on a large pedestal and is topped by Scamozzi-style capitals of the Corinthian order. Just behind each column are fluted pilasters topped by astragal and echinus moldings. The pilasters divide the exterior wall vertically into three bays, each of which has a double-height window topped by a lintel with a keystone and molded scrolls. Between the columns and pilasters was originally a recessed areaway with a railing, but the areaway was removed at some point. A ramp was installed in front of the main entrance, which is in the center bay. The outermost sections of the facade contain piers made of rusticated stone. A cornerstone with the name People's Trust Company and the year 1904 is placed behind one of the columns. The columns on Montague Street support an architrave, which contains gutta, regula, and taenia decorations above each of the columns' capitals. Above the architrave is a frieze with acanthus motifs corresponding to the tops of each column. The frieze originally had the inscription "The People's Trust Company" in capital letters, flanked by acanthus motifs.Landmarks Preservation Commission 2017 . 8 When this inscription was covered in the 1970s, panels with cartouche-and-bellflower motifs were placed in each bay, while acanthus motifs were placed between the bays. Just below the pediment is a cornice with modillions, as well as rosettes on the cornice's soffit. The pediment itself contains a cartouche with reclining sculpted figures on either side; one depicts a man with a mallet, while the other depicts a woman with a purse. The corners and the top of the pediment have acroteria. There is a flat roof recessed from the pediment. The wall just below the roof is divided by rusticated pilasters that have palmettes and lions' heads at their capitals; the bays between each set of pilasters contain rusticated panels. Along the roofline is an architrave with fascia and a cornice with fluting. Pierrepont Street annex thumb|Crest on the Pierrepont Street annex Walker and Gillette designed the Pierrepont Street annex in a similar style to other banks constructed for the National City Bank during the late 1920s. Walker & Gillette had designed 15 National City Bank branches in New York City, Paris, Puerto Rico, and Latin America.Landmarks Preservation Commission 2017 . 10 The facade contains a granite entryway surrounded by quilted bands. The top of the entryway is decorated with eagles. This motif was used in at least five other banks in New York City that Walker and Gillette designed for National City Bank. Interior The interior of the building was decorated with Numidian marble and San Domingo mahogany.Bankers' Magazine 1906 . 582 The floors were covered in gray marble, and the bank also had American bronzework decorations.Bankers' Magazine 1910 . 111 The building itself has a steel structural frame with hardened brick walls. Offices were spread across two levels. On the main level, tellers' cages lined a central corridor that stretched the depth of the building. There was also a bank officers' room near the front of the main floor. The secretary's office was to the left of the main entrance, while the president's office was to the right of the main entrance. The president's office had green and mahogany decorations and was also used by the bank's board of trustees. Behind the secretary's office was a banking office with a vault for depositors, as well as a separate book and cash vault for the company's own operations. The vaults were structurally separate from the rest of the building and were accessed by a circular door measuring 7 ft in diameter and weighing 14 ST LT t. The two vaults combined had 1,400 boxes, of which the depositors' vault had about 1,000 safe-deposit boxes. Behind the president's office was the bank's trust department, which had a waiting room. The mezzanine level only covered about one-third or one-quarter of the original building's total footprint.Bankers' Magazine 1906 . 110–111 The front portion of the mezzanine level had a bookkeepers' department.Bankers' Magazine 1906 . 582–583 The bookkeepers' department had several long desks and had a telautograph system that allowed them to communicate with the clerks. Above the rest of the main level was a high coved ceiling. The basement contained another vault, which was used to store large materials.Bankers' Magazine 1906 . 583 In addition, the basement had a banking room where municipal employees could cash their checks.Bankers' Magazine 1906 . 111–112 At the time of the building's opening, the People's Trust Company had many depositors who were employed by the government of New York City; these employees cashed their checks on the first of every month, causing the bank to become crowded. There was also a boiler room at the front of the basement, which had two boilers, in addition to storage space for 50 tons of coal. History The People's Trust Company had been founded in 1889.Phelps C.W. https://books.google.com/books?id=8CBkAAAAIAAJ&pg=PA146 The Foreign Expansion of American Banks: American Branch Banking Abroad Ronald Press Company 1927 146 June 7, 2023 May 30, 2023 https://web.archive.org/web/20230530204319/https://books.google.com/books?id=8CBkAAAAIAAJ&pg=PA146 live From the outset, the bank had its headquarters on Montague Street. It first rented an office at 201 Montague Street until April 1890, upon which it moved to 172 Montague Street for the next 16 years.Landmarks Preservation Commission 2017 . 5 Over the next two decades, the bank invested heavily in numerous rapid-transit companies in Brooklyn.Ment David https://books.google.com/books?id=-91OAAAAMAAJ Building Blocks of Brooklyn: A Study of Urban Growth Robins Anthony Framberger David Brooklyn Rediscovery (Program) Brooklyn Educational & Cultural Alliance 1979 978-0-933250-02-4 Brooklyn Rediscovery Booklet Series 48 June 7, 2023 May 30, 2023 https://web.archive.org/web/20230530195535/https://books.google.com/books?id=-91OAAAAMAAJ live The bank gradually acquired several smaller banks through merger.van B. Cleveland Harold https://books.google.com/books?id=p4UpAQAAMAAJ Citibank, 1812–1970 Huertas Thomas F. Harvard University Press 1985 978-0-674-13175-0 Harvard studies in business history Development and early years thumb|The main facade as seen from further west along Montague Street In May 1901, People's Trust Company president Felix Campbell purchased two land lots at 181 and 183 Montague Street.May 19, 1901 Gossip of the Borough A6 New-York Tribune https://www.newspapers.com/article/new-york-tribune-gossip-of-the-borough/125581524/ May 30, 2023 1941-0646 571005174 May 30, 2023 https://web.archive.org/web/20230530195536/https://www.newspapers.com/article/new-york-tribune-gossip-of-the-borough/125581524/ live The New-York Tribune reported rumors that the bank was to build a new headquarters on the site, although the newspaper dismissed the rumors as "not likely" because of the abundance of bank buildings already in Brooklyn. Brooklyn Life reported in May 1904 that the bank would be erecting a new headquarters across from its office at 172 Montague Street, which would be "an office building devoted exclusively to [People's Trust's] own banking business".May 28, 1904 Real Estate 28 Brooklyn Life https://www.newspapers.com/article/brooklyn-life-real-estate/125682849/ June 1, 2023 June 1, 2023 https://web.archive.org/web/20230601172805/https://www.newspapers.com/article/brooklyn-life-real-estate/125682849/ live Mowbray and Uffinger were hired as the building's architects,May 19, 1904 Real Estate 6 Times Union https://www.newspapers.com/article/times-union-real-estate/125683237/ June 1, 2023 June 1, 2023 https://web.archive.org/web/20230601172405/https://www.newspapers.com/article/times-union-real-estate/125683237/ live creating a design for a one-story structure with a portico.May 28, 1904 Financial 26 Brooklyn Life https://www.newspapers.com/article/brooklyn-life-financial/125682501/ June 1, 2023 June 1, 2023 https://web.archive.org/web/20230601172805/https://www.newspapers.com/article/brooklyn-life-financial/125682501/ live They submitted plans for a building at 181–183 Montague Street in mid-May 1904. Scrap-materials dealer Thomas Krekeler Co. was hired by the next month to demolish the existing buildings at 181–183 Montague Street for the People's Trust Company.June 18, 1904 Of Interest to the Building Trades https://rerecord.library.columbia.edu/document.php?vol=ldpd_7031148_033&page=ldpd_7031148_033_00001693&no=1 The Real Estate Record: Real estate record and builders' guide 73 1561 columbia.edu 1892 June 19, 2024 June 19, 2024 https://web.archive.org/web/20240619150358/https://rerecord.library.columbia.edu/document.php?vol=ldpd_7031148_033&page=ldpd_7031148_033_00001693&no=1 live The columns in the building's portico were so heavy that workers erected a special derrick just to install the columns, even though the bank building was only two stories high. The bank employed a team of fourteen horses to pull each of the building's columns to the construction site. By September 1905, the building was scheduled to be opened at the end of that year.September 16, 1905 Real Estate 28 Brooklyn Life https://www.newspapers.com/article/brooklyn-life-real-estate/125684743/ June 1, 2023 June 1, 2023 https://web.archive.org/web/20230601172804/https://www.newspapers.com/article/brooklyn-life-real-estate/125684743/ live The People's Trust Company Building was completed in March 1906.March 24, 1906 People's Trust Co. Building 4 The Wall Street Journal 0099-9660 129055076 Workers started moving into the building on March 25,Bankers' Magazine 1906 . 581 and it officially opened on March 31.April 1, 1906 Financial Notes 16 The New York Times 0362-4331 96644250 In the years after the People's Trust Company moved to 181 Montague Street, the bank's holdings and presence grew significantly. The bank was Brooklyn's largest trust company by 1909, with three branch locations, as well as deposits of $18 million, capital of $1 million, and surpluses of $1.6 million.https://books.google.com/books?id=bpS0zwEACAAJ Palmer's Views of New York: Past and Present R.M. Palmer 1909 55 June 7, 2023 June 1, 2023 https://web.archive.org/web/20230601190224/https://books.google.com/books?id=bpS0zwEACAAJ live The People's Trust Company continued to expand, with eight branches in 1922, although the Montague Street building remained the bank's headquarters.1922 Condition of Greater New York Trust Companies Trust Companies Fiduciary Publishers, Inc. 35 18 96 The bank acquired the adjacent site at 185 Montague Street in September 1922 and retained it for seven years.February 9, 1929 12-Story Office Building Planned for Brooklyn 27 New York Herald Tribune 1941-0646 1111715082 The People's Trust Company was acquired in March 1926 by the National City Bank of New York.March 5, 1926 National City Bank Buys In People's Trust: Challenge of Chase-Mechanics Merger Met by Absorption of Old Brooklyn Institution With 11 Offices Wall Street Calls It Coup Leads Rivals Now by $266,000,000; Personnel Intact; To Extend Facilities 9 The New York Herald, New York Tribune 1941-0646 1112745023March 5, 1926 National City Buys Peoples Trust Co.; Brooklyn Bank Is Acquired by Purchase of Its Stock at $835 a Share en-US The New York Times https://www.nytimes.com/1926/03/05/archives/national-city-buys-peoples-trust-co-brooklyn-bank-is-acquired-by.html June 1, 2023 0362-4331 June 1, 2023 https://web.archive.org/web/20230601190228/https://www.nytimes.com/1926/03/05/archives/national-city-buys-peoples-trust-co-brooklyn-bank-is-acquired-by.html live At the time of the merger, the People's Trust Company had 11 branches and $76 million in assets, while National City Bank had seven branches and $1.291 billion in assets. When the merger was finalized in June 1926, the building at 181 Montague Street became a National City Bank branch,June 29, 1926 Brooklyn Council for National City; Advisory Board Is Formed as Merger of People's Trust Becomes Effective en-US The New York Times https://www.nytimes.com/1926/06/29/archives/brooklyn-council-for-national-city-advisory-board-is-formed-as.html June 1, 2023 0362-4331 June 1, 2023 https://web.archive.org/web/20230601190228/https://www.nytimes.com/1926/06/29/archives/brooklyn-council-for-national-city-advisory-board-is-formed-as.html liveJune 27, 1926 Peoples Trust's Identity Is Not Lost in Merger: Many of Its Employees Are Elected To. Offices by National City; Personnel of 11 Branches Intact B10 New York Herald Tribune 1941-0646 1112581439 serving as the bank's Brooklyn headquarters.February 2, 1929 National City Company 10 The Wall Street Journal 0099-9660 130675233February 1, 1929 Financial Markets; Prices of Stocks Sweep Upward—Call Money 7%, Brokers' Loans Rise Sharply. National City Co. Moves in Brooklyn en-US The New York Times https://www.nytimes.com/1929/02/01/archives/financial-markets-prices-of-stocks-sweep-upwardcall-money-7-brokers.html June 1, 2023 0362-4331 June 1, 2023 https://web.archive.org/web/20230601205919/https://www.nytimes.com/1929/02/01/archives/financial-markets-prices-of-stocks-sweep-upwardcall-money-7-brokers.html live The adjacent structure at 185 Montague Street housed the bank's securities division, the National City Company.January 26, 1929 Banking Notes 22 The Brooklyn Daily Eagle https://www.newspapers.com/article/the-brooklyn-daily-eagle-banking-notes/125697242/ June 1, 2023 June 1, 2023 https://web.archive.org/web/20230601211421/https://www.newspapers.com/article/the-brooklyn-daily-eagle-banking-notes/125697242/ live Mid- to late 20th century By the late 1920s, the branch at 181 Montague Street could no longer accommodate all of National City Bank's business. As such, the bank indicated in early 1929 that it would build an annex along Pierrepont Street, behind its existing building.February 3, 1929 Old Brooklyn Real Estate Firm in New Quarters 13 The Brooklyn Citizen https://www.newspapers.com/article/the-brooklyn-citizen-old-brooklyn-real-e/125697518/ June 1, 2023 June 1, 2023 https://web.archive.org/web/20230601205919/https://www.newspapers.com/article/the-brooklyn-citizen-old-brooklyn-real-e/125697518/ live As part of the project, the original offices were to be remodeled extensively. The bank temporarily relocated to 151 Montague Street in February 1929 to allow work on the annex to proceed. Walker & Gillette filed plans the next month for $150,000 worth of alterations to the building.March 24, 1929 Building Plans Filed at Bureau Total $400,000 43 The Brooklyn Daily Eagle https://www.newspapers.com/article/the-brooklyn-daily-eagle-building-plans/125708822/ June 2, 2023 June 2, 2023 https://web.archive.org/web/20230602005109/https://www.newspapers.com/article/the-brooklyn-daily-eagle-building-plans/125708822/ live By that April, the bank was excavating a site for the annex.April 7, 1929 Brooklyn Provides More Office Room: New Williamsburgh Bank Building Opens in Well-Rented Condition RE1 The New York Times 0362-4331 105065312 The annex contained offices for the National City CompanyNovember 17, 1929 New National City Company Office 95 Times Union https://www.newspapers.com/article/times-union-new-national-city-company-of/125697088/ June 1, 2023 June 1, 2023 https://web.archive.org/web/20230601205918/https://www.newspapers.com/article/times-union-new-national-city-company-of/125697088/ live and was originally supposed to be completed in December 1929. A certificate of occupancy for the annex was granted in April 1930. The work cost about $600,000 in total and doubled the floor area of the bank. 21st century thumb|Ground level, seen in May 2023 The bank branch continued to be operated by National City Bank and its successor Citibank through the early 21st century.Dutton Richard L. https://books.google.com/books?id=Woci1emyvUEC&pg=PA35 Brooklyn: The Brooklyn Daily Eagle Postcards, 1905–1907 Arcadia 2004 978-0-7385-3531-9 Postcard history series 35 June 7, 2023 May 30, 2023 https://web.archive.org/web/20230530195535/https://books.google.com/books?id=Woci1emyvUEC&pg=PA35 live Citibank installed "talking ATMs" for blind and sight-impaired customers at 181 Montague Street in 2001.Andelman David May 22, 2001 5 Citi ATMs to Talk With Sight-Impaired 46 New York Daily News 2692-1251 305614726May 30, 2001 Metro Business Briefing en-US The New York Times https://www.nytimes.com/2001/05/30/nyregion/metro-business-briefing.html June 3, 2023 0362-4331 June 3, 2023 https://web.archive.org/web/20230603201529/https://www.nytimes.com/2001/05/30/nyregion/metro-business-briefing.html live The People's Trust Company Building, along with the adjacent National Guaranty Trust Company Building at 185 Montague Street, were nominated for city-landmark protection as part of the Borough Hall Skyscraper Historic District in 2011, but the New York City Landmarks Preservation Commission (LPC) did not include the buildings in the district.Gill Lauren August 12, 2016 The Rest Is History: City May Finally Landmark Two Buildings Left out of 'Skyscraper' Historic District https://www.brooklynpaper.com/the-rest-is-history-city-may-finally-landmark-two-buildings-left-out-of-skyscraper-historic-district/ May 30, 2023 Brooklyn Paper May 30, 2023 https://web.archive.org/web/20230530191922/https://www.brooklynpaper.com/the-rest-is-history-city-may-finally-landmark-two-buildings-left-out-of-skyscraper-historic-district/ liveCroghan Lore January 24, 2017 Two Brooklyn Heights 'Bank Row' Buildings Are Landmarked https://brooklyneagle.com/articles/2017/01/24/two-brooklyn-heights-bank-row-buildings-are-landmarked/ June 3, 2023 Brooklyn Eagle September 29, 2022 https://web.archive.org/web/20220929194304/https://brooklyneagle.com/articles/2017/01/24/two-brooklyn-heights-bank-row-buildings-are-landmarked/ live Local civic group Brooklyn Heights Association then proposed that both 181 and 185 Montague Street be designated as New York City individual landmarks. Citibank placed 181 Montague Street and six of its other New York City bank branches for sale in September 2012.Lim Linden September 1, 2012 NYC Citibank Branch Portfolio for Sale https://therealdeal.com/magazine/new-york-september-2012/residential-deals-49/ May 30, 2023 The Real Deal May 30, 2023 https://web.archive.org/web/20230530190418/https://therealdeal.com/magazine/new-york-september-2012/residential-deals-49/ live Prudential Financial and Madison Capital bought 181 Montague Street in 2012 for $18.3 million.Doles Kyna March 20, 2015 Jonathan Rose Closes on Brooklyn Heights Bank for $36.5M https://therealdeal.com/new-york/2015/03/20/jonathan-rose-closes-on-brooklyn-heights-bank-for-36-5m/ May 30, 2023 The Real Deal May 30, 2023 https://web.archive.org/web/20230530190418/https://therealdeal.com/new-york/2015/03/20/jonathan-rose-closes-on-brooklyn-heights-bank-for-36-5m/ live The partners planned to retain the banking space on Montague Street while redeveloping the Pierrepont Street side.Pincus Adam October 8, 2014 Jonathan Rose Inks Contract for Brooklyn Heights Building https://therealdeal.com/new-york/2014/10/08/jonathan-rose-inks-contract-for-brooklyn-heights-building/ May 30, 2023 The Real Deal May 29, 2023 https://web.archive.org/web/20230529225426/https://therealdeal.com/new-york/2014/10/08/jonathan-rose-inks-contract-for-brooklyn-heights-building/ live The developer Jonathan Rose acquired 181 Montague Street for $36.5 million in March 2015. This prompted concerns that Rose would demolish or significantly modify the building because Rose had just razed an adjacent structure to make way for condominiums, and because a limited-liability company named Montague Pierrepont Apartments LLC was recorded as the buyer. By then, Citibank occupied 9,350 ft2 in the building, and the other 21,700 ft2 was used as offices. The LPC began considering preserving 181 and 185 Montague Street as individual landmarks in August 2016,Croghan Lore August 9, 2016 Two Brooklyn Heights Buildings up for Landmarking Consideration https://brooklyneagle.com/articles/2016/08/09/two-brooklyn-heights-buildings-up-for-landmarking-consideration/ May 30, 2023 Brooklyn Eagle May 30, 2023 https://web.archive.org/web/20230530190416/https://brooklyneagle.com/articles/2016/08/09/two-brooklyn-heights-buildings-up-for-landmarking-consideration/ live and Rose expressed support for the designation of his building.Gill Lauren November 30, 2016 Owner of Historic Heights Chipotle Building Fights Landmarking https://www.brooklynpaper.com/owner-of-historic-heights-chipotle-building-fights-landmarking/ May 30, 2023 Brooklyn Paper May 30, 2023 https://web.archive.org/web/20230530191920/https://www.brooklynpaper.com/owner-of-historic-heights-chipotle-building-fights-landmarking/ live The LPC hosted public hearings for the designations of the buildings at 181 and 185 Montague Street that November.Sizemore Jonathon December 21, 2016 Two Adjoining Bank Buildings Considered as Individual Landmarks https://www.citylandnyc.org/landmarks-designate-banks/ May 30, 2023 CityLand May 30, 2023 https://web.archive.org/web/20230530190418/https://www.citylandnyc.org/landmarks-designate-banks/ liveCroghan Lore November 29, 2016 Preservationists Call for Landmark Designation for Two Brooklyn Heights Buildings https://brooklyneagle.com/articles/2016/11/29/preservationists-call-for-landmark-designation-for-two-brooklyn-heights-buildings/ May 30, 2023 Brooklyn Eagle May 30, 2023 https://web.archive.org/web/20230530190418/https://brooklyneagle.com/articles/2016/11/29/preservationists-call-for-landmark-designation-for-two-brooklyn-heights-buildings/ live Although the LPC designated both structures as landmarks on January 27, 2017, the designation did not include the six-story annex on Pierrepont Street.Plitt Amy January 24, 2017 Two Brooklyn Heights Bank Buildings Are NYC's Newest Landmarks https://ny.curbed.com/2017/1/24/14373686/nyc-historic-preservation-brooklyn-heights-bank May 30, 2023 Curbed NY May 30, 2023 https://web.archive.org/web/20230530190420/https://ny.curbed.com/2017/1/24/14373686/nyc-historic-preservation-brooklyn-heights-bank deadJanuary 29, 2017 Bank of America – JPMorgan Chase Bank https://therealdeal.com/miami/2017/01/29/lenders-made-more-1m-mortgages-in-pb-county-last-year/ May 30, 2023 The Real Deal May 30, 2023 https://web.archive.org/web/20230530190415/https://therealdeal.com/miami/2017/01/29/lenders-made-more-1m-mortgages-in-pb-county-last-year/ live In May 2024, TD Bank announced plans to open a branch at 181 Montague Street that August.TD Bank Moving to Former Citi Space at 181 Montague Brooklyn Heights Blog 2024-05-05 http://brooklynheightsblog.com/archives/99557 2024-07-24 Critical reception When the building was under construction, the Brooklyn Daily Eagle wrote in 1905: "From a purely architectural point of view it will be the most attractive business building on the street." After the People's Trust Company Building opened, the Eagle called the building one of Brooklyn's most elaborate structures, while Bankers' Magazine called the building "a handsome addition to Brooklyn's financial district". The Architects' and Builder's Magazine wrote, "The rich Ionic of the facade herewith illustrated has solidity and strength. Its endurance and its beauty seem to go hand in hand."1905–1906 The People's Trust Company https://babel.hathitrust.org/cgi/pt?id=uc1.c005893188&view=1up&seq=559&q1=%22people%27s%20trust%22 Architects' and Builders' Magazine William T. Comstock 38 524–529 Architects' and Builders' Magazine 1906 June 19, 2024 June 19, 2024 https://web.archive.org/web/20240619150313/https://babel.hathitrust.org/cgi/imgsrv/html?id=uc1.c005893188&seq=561&q1=%22people%27s+trust%22 live Francis Morrone later wrote, "If this is not quite so fully realized a vision of the Classical bank, it is nonetheless a fine thing", and that it complemented the Renaissance-style Brooklyn Trust Company Building to its west. The Department of Housing and Urban Development wrote in 1985 that the annex was a "refined Art Deco structure". See also List of New York City Designated Landmarks in Brooklyn References Citations Sources The Peoples Trust Company of Brooklyn Modern Financial Institutions and Their Equipment Bankers' Magazine 81 1 July 1910 108–114 124399438 Bankers' Magazine 1910 People's Trust Company, Brooklyn Bankers' Magazine 72 4 Apr 1906 581–584 124427594 Bankers' Magazine 1906 People's Trust Company Building http://s-media.nyc.gov/agencies/lpc/lp/2586.pdf New York City Landmarks Preservation Commission January 24, 2017 Designation List 494 LP-2586 Landmarks Preservation Commission 2017 External links Category:Commercial buildings completed in 1906 Category:Bank buildings in New York City Category:New York City Designated Landmarks in Brooklyn Category:Brooklyn Heights Category:Neoclassical architecture in New York City Category:1906 establishments in New York City Category:1900s architecture in the United States