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120 Wall Street
120 Wall Street is a skyscraper in the Financial District of Lower Manhattan in New York City. It was completed in 1930. The building is 399 ft (122 m) tall, has 34 floors, and is located on the easternmost portion of Wall Street, and also borders Pine Street and South Street. The architect was Ely Jacques Kahn of Buchman & Kahn. The tower is tiered on three sides, forming the classic wedding-cake style outline emblematic of post-1916 Zoning Resolution New York skyscrapers. The setbacks recede in shallow formations from a large 16-story platform. Red-granite panels frame wide-paned commercial windows at street level as part of the five-story limestone base. The building has of space and occupies a lot. History Greenmal Holding Corporation (Henry Greenberg and David Malzman) acquired the site in 1928 from the American Sugar Company. In February 1929, the company obtained a $4,050,000 construction loan for the building. The cost was estimated at $12,000,000, with th ...
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East River
The East River is a saltwater tidal estuary in New York City. The waterway, which is actually not a river despite its name, connects Upper New York Bay on its south end to Long Island Sound on its north end. It separates the borough of Queens on Long Island from the Bronx on the North American mainland, and also divides Manhattan from Queens and Brooklyn, also on Long Island.Hodges, Godfrey. "East RIver" in Jackson, pp.393–93 Because of its connection to Long Island Sound, it was once also known as the ''Sound River''. The tidal strait changes its direction of flow frequently, and is subject to strong fluctuations in its current, which are accentuated by its narrowness and variety of depths. The waterway is navigable for its entire length of , and was historically the center of maritime activities in the city. Formation and description Technically a drowned valley, like the other waterways around New York City, the strait was formed approximately 11,000 years ago at the e ...
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National Urban League 120 Wall Jeh
National may refer to: Common uses * Nation or country ** Nationality – a ''national'' is a person who is subject to a nation, regardless of whether the person has full rights as a citizen Places in the United States * National, Maryland, census-designated place * National, Nevada, ghost town * National, Utah, ghost town * National, West Virginia, unincorporated community Commerce * National (brand), a brand name of electronic goods from Panasonic * National Benzole (or simply known as National), former petrol station chain in the UK, merged with BP * National Car Rental, an American rental car company * National Energy Systems, a former name of Eco Marine Power * National Entertainment Commission, a former name of the Media Rating Council * National Motor Vehicle Company, Indianapolis, Indiana, USA 1900-1924 * National Supermarkets, a defunct American grocery store chain * National String Instrument Corporation, a guitar company formed to manufacture the first resonator gui ...
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The Real Deal (magazine)
''The Real Deal'' is a media company with a focus on New York City, South Florida and Los Angeles. The news outlet was started in 2003 by Amir Korangy, and focuses on both commercial and residential real estate. The online and print publication, which serves as a source for other periodicals, was self-proclaimed "the must-read news source for real estate news," in a profile in the ''Los Angeles Times'' in 2009, and "the hot sheet for NYC real estate professionals," by the ''New York Post''. History Korangy's ''Korangy Publishing'' founded ''The Real Deal'' in April 2003. It was Korangy's third venture into publishing, the first being the ''Gringo Gazette'', a weekly newspaper in Baja, Mexico targeted at expatriates, and the second being the ''Washington Free Press'', a weekly tabloid in Washington, D.C. Korangy was named one of the 100 most powerful figures in New York City real estate by the ''New York Observer'' in 2009. The magazine's editor-in-chief since its first year i ...
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Economic Development Corporation
An economic development corporation ("EDC") is an organization common in the United States, usually a 501(c)(3) non-profit, whose mission is to promote economic development within a specific geographical area. These organizations are complementary to Chambers of Commerce. Whereas a Chamber of Commerce promotes the interests of businesses in a particular geographic area, an EDC typically focus on longer-term economic growth by attracting new businesses. Generally, an EDC can be found at the state level to attract business to a particular state. The state level EDC often works closely with local EDCs and may offer low interest loans, grants, tax credits and other economic incentives to attract businesses. See also * Development corporation * Business improvement district * ''Pro bono ( en, 'for the public good'), usually shortened to , is a Latin phrase for professional work undertaken voluntarily and without payment. In the United States, the term typically refers to provision o ...
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Foreclosure Auction
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower (mortgagor)'s equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure). Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt. While this equitable right exists, it is a cloud on title and the lender cannot be sure that they can repossess the property. Therefore, through the process of foreclosure, the lender seeks to immediately ...
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New York Life Insurance Company
New York Life Insurance Company (NYLIC) is the third-largest life insurance company in the United States, the largest mutual life insurance company in the United States and is ranked #67 on the 2021 Fortune 500 list of the largest United States corporations by total revenue. NYLIC has about $593 billion in total assets under management, and more than $25 billion in surplus and AVR. In 2019, NYLIC achieved the best possible ratings by the four independent rating companies (Standard & Poor's, AM Best, Moody's and Fitch). Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds. History Early history New York Life Insurance Company first opened in Manhattan's Financial District as ''Nautilus Mutual Life'' in 1841, 10 years after the first life insurance charter was granted in the United States. Originally chartered in 1841, the company also sold fire and marine insurance. The company's first president ...
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American Sugar Refining Company
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * Ba ...
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Deep Foundation
A deep foundation is a type of foundation that transfers building loads to the earth farther down from the surface than a shallow foundation does to a subsurface layer or a range of depths. A pile or piling is a vertical structural element of a deep foundation, driven or drilled deep into the ground at the building site. There are many reasons that a geotechnical engineer would recommend a deep foundation over a shallow foundation, such as for a skyscraper. Some of the common reasons are very large design loads, a poor soil at shallow depth, or site constraints like property lines. There are different terms used to describe different types of deep foundations including the pile (which is analogous to a pole), the pier (which is analogous to a column), drilled shafts, and caissons. Piles are generally driven into the ground in situ; other deep foundations are typically put in place using excavation and drilling. The naming conventions may vary between engineering discip ...
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Limestone
Limestone ( calcium carbonate ) is a type of carbonate sedimentary rock which is the main source of the material lime. It is composed mostly of the minerals calcite and aragonite, which are different crystal forms of . Limestone forms when these minerals precipitate out of water containing dissolved calcium. This can take place through both biological and nonbiological processes, though biological processes, such as the accumulation of corals and shells in the sea, have likely been more important for the last 540 million years. Limestone often contains fossils which provide scientists with information on ancient environments and on the evolution of life. About 20% to 25% of sedimentary rock is carbonate rock, and most of this is limestone. The remaining carbonate rock is mostly dolomite, a closely related rock, which contains a high percentage of the mineral dolomite, . ''Magnesian limestone'' is an obsolete and poorly-defined term used variously for dolomite, for limes ...
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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 Manhattan in 1915. The resolution was a measure adopted primarily to stop massive buildings from preventing light and air from reaching the streets below, and established limits in building massing at certain heights, usually interpreted as a series of setbacks and, while not imposing height limits, restricted towers to 25% of the lot size. The chief authors of this resolution were George McAneny and Edward M. Bassett. Impact The 1916 Zoning Resolution had a major impact on urban development in both the United States and internationally. Architectural delineator Hugh Ferriss popularized these new regulations in 1922 through a series of massing studies, clearly depicting the possible forms and how to maximize building volumes. "By the end of t ...
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Wedding-cake Style
In architecture, a wedding-cake style is an informal reference to buildings with many distinct tiers, each set back from the one below, resulting in a shape like a wedding cake, and may also apply to buildings that are richly ornamented, as if made in sugar icing. *In Italy, the Monument to Vittorio Emanuele II is in wedding cake style. *The British wedding-cake style was created by Sir Christopher Wren, who often placed a steeple at the top of a series of classically detailed diminishing lower stages as with St. Paul's Cathedral. *In the United States, the style has been predominant in New York City, thanks to the 1916 Zoning Resolution, a former zoning code which forced buildings to reduce their shadows at street level by employing setbacks, resulting in a ziggurat profile. Many iconic New York buildings in the Art Deco style were designed to comply with these zoning regulations, and those designs were highly influential on building projects in other cities. The wedding ...
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South Street (Manhattan)
South Street is a street in Lower Manhattan, New York City, located immediately adjacent to the East River. It runs from Whitehall Street near the southern tip of Manhattan to Jackson Street near the Williamsburg Bridge. The Franklin D. Roosevelt East River Drive, in an elevated portion known as the South Street Viaduct, runs along the entire length of the street. The street is noted for the South Street Seaport, south of the Brooklyn Bridge, and is the former site of the Fulton Fish Market, which was located just to the north of the seaport. Knickerbocker Village, a municipal housing project, fronts on South Street between the Brooklyn Bridge and Manhattan Bridge in the "Two Bridges" neighborhood. West of the seaport, South Street is the location of a number of office buildings, including 55 Water Street, and the New York City Police Museum. History The East River waterfront of lower Manhattan, which includes South Street (so named because it is on the south side of the island) ...
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