Equitable Building to Be Largest in the World
A syndicate has purchased the plot bounded by Broadway, Pine. Nassau and Cedar streets, which was occupied for many years by the home office of the Equitable Life Assurance Society, which was burned on Jan. 9 of this year. The new owners are a New York corporation styled the Owning Co., and incorporated for $12,000,000. Gen. T. Coleman du Pont, of Wilmington, Del., is the president; Frank M. Andrews, of New York City, vice-president; L. L. Dunham, of Wilmington, Del., secretary and treasurer, and William A. Ulman. general counsel. The architects are Frank M. Andrews & Co., of New York, and the Thompson-Starrett Co. are the general contractors. It is proposed to erect a 36-story office building, which will be ready for occupancy not later than May 1, 1914. The Equitable Life will occupy considerable floor space in the new building. Special attention will be paid to the housing of other large institutions requiring an extended floor area. The interior arrangement will be such that big tenants may have private elevators for their exclusive use. An arcade will run from Nassau street to Broadway, and beneath this will be connections with the Wall street station of the subway. The new owners state that they will erect the largest and the finest office building in the world.
Owing to centralized and systematized work by the state preventive officials, there has been a sensible diminution in the number of fires this season along the lines of the Boston & Maine Railroad.