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2 Park Avenue
2 Park Avenue is a 28-story office building in the Murray Hill neighborhood of Manhattan in New York City. The structure, along the west side of Park Avenue between 32nd and 33rd Streets, was designed by Ely Jacques Kahn and was developed by Abe N. Adelson from 1926 to 1928. The building is owned by Morgan Stanley Real Estate and is a New York City designated landmark. 2 Park Avenue's facade is made of brick and colored architectural terracotta. The facade of the first three stories is made of stone and largely contains storefronts, except for a central entrance on Park Avenue. The lower section of the building occupies nearly its entire lot, and the building contains setbacks at the 11th, 18th, and 25th stories. The facade contains a polychrome color scheme above the 16th floor, including colored terracotta tiles manufactured by Léon-Victor Solon. The design of the vaulted main lobby dates to the 1970s, when decorations such as a mural by Winold Reiss were added. Office ten ...
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Art Deco
Art Deco, short for the French ''Arts Décoratifs'', and sometimes just called Deco, is a style of visual arts, architecture, and product design, that first appeared in France in the 1910s (just before World War I), and flourished in the United States and Europe during the 1920s and 1930s. Through styling and design of the exterior and interior of anything from large structures to small objects, including how people look (clothing, fashion and jewelry), Art Deco has influenced bridges, buildings (from skyscrapers to cinemas), ships, ocean liners, trains, cars, trucks, buses, furniture, and everyday objects like radios and vacuum cleaners. It got its name after the 1925 Exposition internationale des arts décoratifs et industriels modernes (International Exhibition of Modern Decorative and Industrial Arts) held in Paris. Art Deco combined modern styles with fine craftsmanship and rich materials. During its heyday, it represented luxury, glamour, exuberance, and faith in socia ...
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Bond (finance)
In finance, a bond is a type of security under which the issuer ( debtor) owes the holder ( creditor) a debt, and is obliged – depending on the terms – to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and stocks are both securities, but the major difference between the two is that (capital) stockholders have an equity stake in a company (i.e. they are owners), whereas bondholders have a creditor stake in a company (i.e. they are lenders). As creditors, bondholders have priority over stockholders. This means they will be repaid in advance of stockholders, but will rank behind s ...
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Metropolitan Transportation Authority
The Metropolitan Transportation Authority (MTA) is a public benefit corporation responsible for public transportation in the New York City metropolitan area of the U.S. state of New York. The MTA is the largest public transit authority in the United States, serving 12 counties in Downstate New York, along with two counties in southwestern Connecticut under contract to the Connecticut Department of Transportation, carrying over 11 million passengers on an average weekday systemwide, and over 850,000 vehicles on its seven toll bridges and two tunnels per weekday. History Founding In February 1965, New York Governor Nelson Rockefeller suggested that the New York State Legislature create an authority to purchase, operate, and modernize the Long Island Rail Road (LIRR). The LIRR, then a subsidiary of the Pennsylvania Railroad (PRR), had been operating under bankruptcy protection since 1949. The proposed authority would also have the power to make contracts or arrangements with ...
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33rd Street Station (IRT Lexington Avenue Line)
The 33rd Street station is a local station on the IRT Lexington Avenue Line of the New York City Subway. Located at the intersection of Park Avenue and 33rd Street in the Murray Hill neighborhood of Manhattan, it is served by trains at all times, <6> trains during weekdays in the peak direction, and trains during late night hours. The 33rd Street station was constructed for the Interborough Rapid Transit Company (IRT) as part of the city's first subway line, which was approved in 1900. Construction of the line segment that includes the 33rd Street station started on September 12 of the same year. The station opened on October 27, 1904, as one of the original 28 stations of the New York City Subway. After the city's first subway line was split into multiple lines in 1918, there was a failed proposal in the 1920s to convert 33rd Street into an express station. The station's platforms were lengthened in the late 1940s. The 33rd Street station contains two side platfo ...
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New York City Subway
The New York City Subway is a rapid transit system owned by the government of New York City and leased to the New York City Transit Authority, an affiliate agency of the state-run Metropolitan Transportation Authority (MTA). Opened on October 27, 1904, the New York City Subway is one of the world's oldest public transit systems, one of the most-used, and the one with the most stations, with New York City Subway stations, 472 stations in operation (424 if stations connected by transfers are counted as single stations). Stations are located throughout the boroughs of Manhattan, Brooklyn, Queens, and the Bronx. The system has operated 24/7 service every day of the year throughout most of its history, barring emergencies and disasters. By annual ridership, the New York City Subway is the busiest rapid transit system in both the Western Hemisphere and the Western world, as well as the List of metro systems, seventh-busiest rapid transit rail system in the world. In , the subway deliv ...
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New York City Department Of City Planning
The Department of City Planning (DCP) is the department of the government of New York City responsible for setting the framework of city's physical and socioeconomic planning. The department is responsible for land use and environmental review, preparing plans and policies, and providing information to and advising the Mayor of New York City, Borough presidents, the New York City Council, Community Boards and other local government bodies on issues relating to the macro-scale development of the city. The department is responsible for changes in New York City's city map, purchase and sale of city-owned real estate and office space and of the designation of landmark and historic district status. Its regulations are compiled in title 62 of the ''New York City Rules''. The most recent Director of City Planning Marisa Lago resigned in December, 2021 following her confirmation as Under Secretary for International Trade at the United States Department of Commerce. __toc__ City Planni ...
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Land Lot
In real estate, a lot or plot is a tract or parcel of land owned or meant to be owned by some owner(s). A plot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries. Possible owner(s) of a plot can be one or more person(s) or another legal entity, such as a company/corporation, organization, government, or trust. A common form of ownership of a plot is called fee simple in some countries. A small area of land that is empty except for a paved surface or similar improvement, typically all used for the same purpose or in the same state is also often called a plot. Examples are a paved car park or a cultivated garden plot. This article covers plots (more commonly called lots in some countries) as defined parcels of land meant to be owned as units by an owner(s). Like most other types of property, lots or plots owned by private parties are subject to a periodic property tax payable by th ...
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Madison Avenue
Madison Avenue is a north-south avenue in the borough of Manhattan in New York City, United States, that carries northbound one-way traffic. It runs from Madison Square (at 23rd Street) to meet the southbound Harlem River Drive at 142nd Street. In doing so, it passes through Midtown, the Upper East Side (including Carnegie Hill), East Harlem, and Harlem. It is named after and arises from Madison Square, which is itself named after James Madison, the fourth President of the United States. Madison Avenue was not part of the original Manhattan street grid established in the Commissioners' Plan of 1811, and was carved between Park Avenue (formerly Fourth) and Fifth Avenue in 1836, due to the effort of lawyer and real estate developer Samuel B. Ruggles, who had previously purchased and developed New York's Gramercy Park in 1831, and convinced the authorities to create Lexington Avenue and Irving Place between Fourth Avenue (now Park Avenue South) and Third Avenue in order to s ...
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City Block
A city block, residential block, urban block, or simply block is a central element of urban planning and urban design. A city block is the smallest group of buildings that is surrounded by streets, not counting any type of thoroughfare within the area of a building or comparable structure. City blocks are the space for buildings within the street pattern of a city, and form the basic unit of a city's urban fabric. City blocks may be subdivided into any number of smaller land lots usually in private ownership, though in some cases, it may be other forms of tenure. City blocks are usually built-up to varying degrees and thus form the physical containers or "streetwalls" of public space. Most cities are composed of a greater or lesser variety of sizes and shapes of urban block. For example, many pre-industrial cores of cities in Europe, Asia, and the Middle East tend to have irregularly shaped street patterns and urban blocks, while cities based on grids have much more regular arran ...
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Vornado Realty Trust
Vornado Realty Trust is a real estate investment trust formed in Maryland in 1982, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan. Investments Notable properties owned by the company include: * New York Marriott Marquis (Retail & signage) * 1540 Broadway (Retail & signage) * 510 Fifth Avenue (Retail) * 660 Fifth Avenue (Retail) * 770 Broadway * 888 Seventh Avenue * Crowne Plaza Hotel, Times Square (Retail & office) * Fuller Building * Penn 1 (One Penn Plaza) * Rego Center * Hotel Pennsylvania, to be redeveloped into 15 Penn Plaza The company also owns: * 70% of 555 California Street in San Francisco, California (30% is owned by affiliates of Donald Trump) * 70% of 1290 Avenues of the Americas in New York City (30% is owned by Donald Trump) * Merchandise Mart in Chicago, Illinois * 32.4% of Alexander's, which owns 731 Lexington Avenue History Two Guys The origins of the company can be traced back to the Tw ...
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Limited Partnership
A limited partnership (LP) is a form of partnership similar to a general partnership except that while a general partnership must have at least two general partners (GPs), a limited partnership must have at least one GP and at least one limited partner. Limited partnerships are distinct from limited liability partnerships, in which all partners have limited liability. The GPs are, in all major respects, in the same legal position as partners in a conventional firm: they have management control, share the right to use partnership property, share the profits of the firm in predefined proportions, and have joint and several liability for the debts of the partnership. As in a general partnership, the GPs have actual authority, as agents of the firm, to bind the partnership in contracts with third parties that are in the ordinary course of the partnership's business. As with a general partnership, "an act of a general partner which is not apparently for carrying on in the ordinary c ...
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Bernard H
Bernard (''Bernhard'') is a French language, French and West Germanic masculine given name. It is also a surname. The name is attested from at least the 9th century. West Germanic ''Bernhard'' is composed from the two elements ''bern'' "bear" and ''hard'' "brave, hardy". Its native Old English reflex was ''Beornheard'', which was replaced by the French form ''Bernard'' that was brought to England after the Norman Conquest. The name ''Bernhard'' was notably popular among Old Frisian speakers. Its wider use was popularized due to Saint Bernhard of Clairvaux (canonized in 1174). Bernard is the second most common surname in France. Geographical distribution As of 2014, 42.2% of all known bearers of the surname ''Bernard'' were residents of France (frequency 1:392), 12.5% of the United States (1:7,203), 7.0% of Haiti (1:382), 6.6% of Tanzania (1:1,961), 4.8% of Canada (1:1,896), 3.6% of Nigeria (1:12,221), 2.7% of Burundi (1:894), 1.9% of Belgium (1:1,500), 1.6% of Rwanda (1:1,745), 1 ...
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