Adams Express Building
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The Adams Express Building is an office building at 61
Broadway Broadway may refer to: Theatre * Broadway Theatre (disambiguation) * Broadway theatre, theatrical productions in professional theatres near Broadway, Manhattan, New York City, U.S. ** Broadway (Manhattan), the street **Broadway Theatre (53rd Stree ...
in the
Financial District A financial district is usually a central area in a city where financial services firms such as banks, insurance companies and other related finance corporations have their head offices. In major cities, financial districts are often home to s ...
of
Manhattan Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state ...
,
New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...
. The building's primary frontage is on 57-61 Broadway, with additional frontage along 33–41 Trinity Place. Architect Francis Kimball designed the 32–story building for the
Adams Express Company Adams Funds, formerly Adams Express Company, is an investment company made up of Adams Diversified Equity Fund, Inc.(NYSE: ADX), a publicly traded diversified equity fund, and Adams Natural Resources Fund Inc. (NYSE: PEO), formerly Petroleum & Res ...
. Construction began in 1912 at which point the cost was estimated at $2,000,000 (). Upon completion in 1914, the building was the seventh tallest structure in Manhattan. it is owned by
RXR Realty RXR Realty is a real estate owner, manager, and developer located in New York City and surrounding areas of Westchester County, Long Island, New Jersey, and Connecticut. The company is headquartered in New York, New York and Uniondale, New York. RX ...
.


Architecture

The building contains 3,300 tons of steel and over a million square feet of
architectural terracotta Architectural terracotta refers to a fired mixture of clay and water that can be used in a non-structural, semi-structural, or structural capacity on the exterior or interior of a building. Terracotta pottery, as earthenware is called when not use ...
. ''The New York Times'' described the architectural style as "Florentine" below the fifth floor, and "severely simple" above. Another critic called the style "utterly utilitarian," but the
New York City Landmarks Preservation Commission The New York City Landmarks Preservation Commission (LPC) is the New York City agency charged with administering the city's Landmarks Preservation Law. The LPC is responsible for protecting New York City's architecturally, historically, and cu ...
identified the architecture as
palazzo A palace is a grand residence, especially a royal residence, or the home of a head of state or some other high-ranking dignitary, such as a bishop or archbishop. The word is derived from the Latin name palātium, for Palatine Hill in Rome which ...
. An entrance was constructed to the New York City Subway's Wall Street station, underneath Broadway, but was later closed.


History


Background

The Adams Express Company occupied part of the Pinkerton Building at 57-59 Broadway. In 1903, there was discussion of combining 57-61 Broadway with an adjacent property occupied by American Express and
Wells Fargo Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California; operational headquarters in Manhattan; and managerial offices throughout the United States and intern ...
, and building one large building for the three companies. This did not happen, and American Express's adjacent building at 65 Broadway was completed in 1917. A 1904 fire that began in the basement of the Morris Building at 63 Broadway, damaged the Pinkerton and other buildings on the block. Twenty-four engines and six hook and ladder companies responded. The Fire Department of New York recorded that the Adams Express Company building was destroyed, but Adams Express continued to occupy the site. By 1906, Adams Express was planning a new, fireproof building to be constructed on the site of the Pinkerton Building.


Construction

In 1910 ''Industrial World Magazine'' reported that Adams Express was proceeding with a 10-story, brick and limestone building designed by George K. Hooper of Hooper-Faulkenau Engineering Company. Then in 1911, Adams Express finally purchased the Pinkerton Building. Although Hooper's plans would have blended with existing buildings in the
Financial District A financial district is usually a central area in a city where financial services firms such as banks, insurance companies and other related finance corporations have their head offices. In major cities, financial districts are often home to s ...
where, in 1912, nearly half of the buildings were five stories or lower, the Hooper design was never constructed, as it was apparently too small. Instead, in 1912, Francis Kimball was hired to build a 32-story structure. When construction began in 1912 on the Kimball design, first ''The New York Times'' and later city planners became concerned about sunlight and airspace. The Adams Express Building was one of a growing number of behemoths, most notably the then-under-construction Equitable Building, that cast shadows not only on the street but on nearby smaller buildings and drove down real estate value, rent, and tax revenues. F.W. Fitzpatrick complained that the Adams Express Building cast an 875-foot shadow. The
1916 Zoning Resolution The 1916 Zoning Resolution in New York City was the first citywide zoning code in the United States. The zoning resolution reflected both borough and local interests, and was proposed after the Equitable Building was erected in Lower Manhatta ...
provided a remedy in the form of setbacks where new buildings would be stepped back at certain heights depending on the width at the street. The restrictions would have applied to 75% of the ground area of the building, but construction of the Adams Express Building had occurred before the new zoning restrictions were adopted.


Later history

The building sustained heavy damage in 1916 when 300 windows were blown out in the
Black Tom explosion The Black Tom explosion was an act of sabotage by agents of the German Empire, to destroy U.S.-made munitions that were to be supplied to the Allies of World War I, Allies in World War I. The explosions, which occurred on July 30, 1916, in New Y ...
. When the building was purchased by
Metropolitan Life Insurance Company MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC), better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, wi ...
in 1988, an engineer discovered goldfish living in a pool of water below the basement heating system. Since that time, building engineers have fed the fish as a part of their regular maintenance routine.


References


External links

*
The Pinkerton Building at 57 Broadway

History of the Express Business
{{Broadway (Manhattan) Broadway (Manhattan) Consolidated National Bank Financial District, Manhattan New York City Designated Landmarks in Manhattan Office buildings completed in 1914 Skyscraper office buildings in Manhattan