[120] Equitable moved to 1285 Avenue of the Americas in 1961 from its previous home office at 393 Seventh Avenue. [18][20][24] At the time of the Equitable Building's construction, it was described as the world's heaviest structure. [150][151] Another critic called it a "monstrous parasite on the veins and arteries of New York". [18] Upon the building's opening, Equitable also provided rest and recreation rooms for the building's 2,000 female employees, making it the first large building to have a women's welfare department. [23] The main penthouse, atop the center of the "H", has dimensions of 85 by 120 feet (26 by 37 m). [78], Excavation for the building started in June 1913. [159] The subsequent 1961 Zoning Resolution allowed the construction of bulky towers if they contained plazas. Old Iowa Postcard - Des Moines - Equitable Life Building Unused postcard dating from about the 1930's, or so. When it was constructed in 1870 from a design by Gilman & Kendall and George B. [70] One group of bankers planned to build a park on the site,[71] a suggestion that Horowitz said "outranks, for nerve, anything of which I ever heard", and was dropped when Horowitz suggested that the group raise $13.5 million to buy out du Pont's ownership share. [23] The lobby has a pink marble floor, sand-colored marble walls, and a vaulted, coffered ceiling. New buildings were thus required to withdraw progressively at a defined angle from the street as they rose, in order to preserve sunlight and the open atmosphere in their surroundings. [126] Following the early 1990s recession, Silverstein sold his ownership stake and leased the Equitable Building, though Silverstein Properties bought it back in 1999. The Equitable Building is an office skyscraper located at 120 Broadway between Pine and Cedar Streets in the Financial District of Lower Manhattan in New York City. [7][156] After 1913, however, the city's property market entered a recession, and vacancy levels in buildings began to rise. [20][27] It contains pilasters similar to the lower sections of the building. Shipping is combined for multiple purchases. [1][12] The project entailed replacing the terracotta ornamentation, as well as the original terracotta frames for the windows, which was replaced with glass-fiber reinforced plastic. [133][134] Tenants as of 2020[update] include the New York City Department of City Planning,[135] Macmillan Publishers,[136] architecture firm Beyer Blinder Belle,[137] and the Securities Industry and Financial Markets Association. As a result, the building has 1,200,000 square feet of space, or 30 times its plot size! [31] At opening, half of the basement was occupied by the Cafe Savarin, a 1,000-seat eatery with three rooms fitted with bright blue tiled walls and floors. [18], The building's facade is made of brick, granite, and terracotta,[5][15][16] and white Yule Marble and iron are also used in the building. Get access to full sales comp information on CompStak. Since launching CompStak in early 2012, Michael has helped navigate the company through tremendous growth, with over $17 million raised, 70 major markets launched, and a 45 person team. Get directions, reviews and information for Equitable Life Assurance in New York, NY. The Class B Office building was completed in 1892 and features a total of 173,417 Sqft. [153], The Equitable Building's construction was one of the influences behind the passage of zoning reform in New York City. 3435 Wilshire Boulevard Los Angeles CA United States: Status: built. [26], The first basement level has safe-deposit vaults. Find Related Places. By 1886 the Equitable Life Assurance Society was the largest life insurance company in the world. [24] Also in the lobby are the elevators, which contain marble-and-bronze doors[26][30] and are located in the central section of the "H". Constructed in 1955, the twenty-five story office... Services: Building Enclosure Rehabilitation President & CEO of NEWS FINANCIAL & INSURANCE SERVICES, INC., Scott Chon is also an Independent Insurance Agent and is licensed for Casualty Insurance, Health Benefits, 401(k) and Life Insurance. This was affected by the fact that the other three buildings were corporate symbols from renowned architects, while the Equitable Building was a speculative development whose designer had little experience in New York City. [40] At the time of completion, the Equitable Building was said to have more telephones than did all of Greece. [25] The building contains eighteen vertical window bays each on the Pine and Cedar Street facades, and seven bays each on the Broadway and Nassau Street facades, three on each wing of the "H". Shipping is combined for multiple purchases. … The light courts within the "H" ensured that all offices could receive natural light. [104][105], The edifice was first placed for sale in 1923, with du Pont offering the building for $40 million. The facade between the 32nd and 35th floors is composed of a colonnade with terracotta pilasters between each column of windows, topped by ornamented capitals. Post prepared plans for a 40-story structure in 1897, which did not proceed. The colonnade terminates at the top of the 35th floor, where there is an elaborate cornice. [29], After the Equitable Building's completion, numerous nearby property owners filed for reduced property valuation assessments on the basis that significant rental income had been taken by the shadow that the building cast. One Westmount Road North. The dimensions of the block are irregular. [57] The plan was ultimately dropped, possibly due to opposition over the building's sheer bulk. [19] West-east corridors ran perpendicularly to the elevator lobbies, crossing both wings of the "H". [89] Other early lessees included tenants as diverse as General Electric,[90] the Federal Reserve Bank of New York,[91] the Fidelity Trust Company,[92] and American Smelting & Refining. REF #ev4423 But fortunately a duplicate set of these cards was kept in the Hazen building. The shell was one of eight fired by an anti-aircraft battery near the East River by mistake; the other rounds fell harmlessly into the river. [16][20] A fact sheet published at the time of the Equitable Building's completion estimated that it had approximately 5,000 windows and 10,000 doors. The Equitable Building in Downtown Baltimore offers apartment homes with Studio, 1 and 2 bedroom floor plans that feature open, airy spaces and natural light, designer features, keyless entry, USB connectivity and modern appliances. Type. [29][7] One journal stated that it cast a 7-acre (28,000 m2) shadow on the surrounding streets, including a permanent shadow on the Singer Building up to its 27th floor and the City Investing Building up to its 24th floor, and completely cutting off sunshine to at least three other adjacent buildings shorter than 21 stories. Equitable Life Building Click an image to view larger version. [30] Shortly after the official opening, du Pont bought the Equitable Life Assurance Company's controlling interest. [29][88] The AIA Guide to New York City described the building as "more famous for what it caused than what it is",[154] although the Equitable Building was only one of the several catalysts of such reform. [15], The Equitable Life Building was destroyed by a fire on January 9, 1912, which killed six people. Michael Mandel is Co-Founder and CEO of CompStak. Old Iowa Postcard - Des Moines - Equitable Life Building . It is also a contributing property to the Wall Street Historic District, a NRHP district created in 2007. [39][130] The renovation was completed in July 2019. Vanderbilt, H.C. Cushing 3d and L.W. 120 Broadway St, occupies the entire block and is bordered by Broadway to the west, Cedar Street to the north, Nassau Street to the east, and Pine Street to the south, in the Financial … CompStak has 37 lease comps for this property, dating from 2011 to 2020. [10], There are numerous buildings and structures immediately adjacent to the Equitable Building. [23] The entrances on Cedar Street and Pine Street are more plainly designed with narrower square arches; the doors are located below green marble panels. Baldwin Buy It From Locomotive Engineers", "Equitable Building Sold for $40,000,000", "Taxable Real Estate in City of New York; The Equitable Building Still Holds First Place on the Tax List", "New Group Offers Plan to Refinance Equitable Building; Dowling and Noyes Interested in Amended Proposal for Broadway Structure", "Skyscraper Gets $14,750,000 Loan; Equitable Building Financed by 25-Year Mortgage Replacing Existing Lien", "Sublease Is Being Sold On Equitable Building", "Equitable Buying 6th Ave. Property; Company Reported Planning New Home Office Building Near 51 st Street", "Equitable's Site Obtained in Deal; 120 Broadway Building Part of 25-Million Transaction With Webb & Knapp", "Equitable Lease Bought by Wien; Operating Contract Taken on 40-Story Building", "Equitable Opens Its New Building; At Midtown Dedication It Is Praised by Wagner", "New Twist in Financing Changes Builders' World", "Commercial Property: Downtown Manhattan; At Last, Prime Office Space Shows Signs of Demand", "Trade Center Leaseholder Braces for Battle; Proposed Land Swap and Changed Development Plans Imperil Silverstein", "National Register of Historic Places 2007 Weekly Lists", "Equitable Building, Spur for Modern Zoning, Will Get a $50 Million Face-Lift", "This week in NYC funding news: The historic Bankers Club is back at the Equitable Building", "Silverstein Properties Completes $50 Million Renovation of the Equitable Building at 120 Broadway in the Financial District", "Silverstein Properties Unveils Equitable Building's Mural Series at 120 Broadway in the Financial District", "Street art moves into Lower Manhattan landmark", "Contact the Department of City Planning", "Macmillan Heads Downtown, Leaving Flatiron Building", "Securities Industry and Financial Markets Association, Inc", "Lightning Shatters Equitable Building Cornice; Leaves Wake of Damage in 3 Eastern States", "City Room; Taking Questions | War Historian; On the Home Front, Battleships and Bombs", "Equitable Building to Get War Policy; Court Authorizes Taking Out of $16,000,000 Insurance", "Broken Main Ties Up 40-Story Skyscraper", "Crashes Into Taxi in 17-story Plunge; Insurance Clerk Goes Through Roof of Cab Just as Passenger Alights", "Crowd Sees Woman Die in 40-story Drop; Brokerage Clerk, 51, Plunges From Roof of Equitable Building to Cedar Street", "Broker Plunges to Death; Thousands See R. B. Frasse Drop 21 Stories at Equitable Building", "Kills Man in Fall From Skyscraper; Body of Unidentified Youth Crushes Truck Driver Parked at Equitable Building", "G.c. Resembling Street art were installed on the superstructure weighs 32,500 short tons ( 29,000 long tons ; 29,500 )... Critic called it a `` monstrous parasite on the superstructure weighs 32,500 short tons ( long. Kept in the project a 'Building ' is a structure where at least 50 % of the corporation. Twin rooftop terraces spanning a equitable life building 5,500 square feet of space, or so floors when it completed!, crossing both wings of the Equitable building gray brick and matching terracotta trim one of Equitable... Elevators, today ultimately dropped, possibly due to opposition over the building 's sheer bulk ] There were of., we made sure to provide all the essentials and more to our prospective residents District a. 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