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The Equitable Life Assurance Building, also known as the Equitable Life Building, was the headquarters of
the Equitable Life Assurance Society of the United States Equitable Holdings, Inc. (formerly The Equitable Life Assurance Society of the United States and AXA Equitable Life Insurance Company, and also known as The Equitable) is an American financial services and insurance company that was founded in 1 ...
, at 120
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
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.
Arthur Gilman Arthur Delevan Gilman (November 5, 1821, Newburyport, Massachusetts – July 11, 1882, Syracuse, New York) was an American architect, designer of many Boston neighborhoods, and member of the American Institute of Architects. Life and career Gi ...
and
Edward H. Kendall Edward Hale Kendall (July 30, 1842 – March 10, 1901) was an American architect with a practice in New York City. Biography Born in Boston, Massachusetts, Kendall was one of the first generation of Americans to study in Paris; he apprenticed ...
designed the building, with George B. Post as a consulting engineer. The Equitable Life Building was made of
brick A brick is a type of block used to build walls, pavements and other elements in masonry construction. Properly, the term ''brick'' denotes a block composed of dried clay, but is now also used informally to denote other chemically cured cons ...
,
granite Granite () is a coarse-grained (phaneritic) intrusive igneous rock composed mostly of quartz, alkali feldspar, and plagioclase. It forms from magma with a high content of silica and alkali metal oxides that slowly cools and solidifies undergro ...
, and
iron Iron () is a chemical element with symbol Fe (from la, ferrum) and atomic number 26. It is a metal that belongs to the first transition series and group 8 of the periodic table. It is, by mass, the most common element on Earth, right in f ...
, and was originally built with seven above-ground stories and two basement levels, with a height of at least . An expansion in 1885 brought the total height to and nine stories. Construction began in 1868 and was completed in 1870 under the leadership of Equitable's president
Henry Baldwin Hyde Henry Baldwin Hyde (February 15, 1834–May 2, 1899) was an American businessman. He is notable for having founded The Equitable Life Assurance Society of the United States in 1859. By the time of Hyde's death, The Equitable was the largest l ...
. It was the world's first office building to feature passenger elevators and consequently became successful attracting tenants. The Equitable Life Building was expanded numerous times; after the construction of annexes during the late 1880s, the building occupied its entire block, bounded by Broadway and Cedar, Pine and
Nassau Nassau may refer to: Places Bahamas *Nassau, Bahamas, capital city of the Bahamas, on the island of New Providence Canada *Nassau District, renamed Home District, regional division in Upper Canada from 1788 to 1792 *Nassau Street (Winnipeg), ...
streets. While touted as fireproof, the Equitable Life Building burned down in a 1912 fire that killed six people. The site was redeveloped with the 40-story Equitable Building, completed in 1915.


Design

Arthur Gilman Arthur Delevan Gilman (November 5, 1821, Newburyport, Massachusetts – July 11, 1882, Syracuse, New York) was an American architect, designer of many Boston neighborhoods, and member of the American Institute of Architects. Life and career Gi ...
and
Edward H. Kendall Edward Hale Kendall (July 30, 1842 – March 10, 1901) was an American architect with a practice in New York City. Biography Born in Boston, Massachusetts, Kendall was one of the first generation of Americans to study in Paris; he apprenticed ...
designed the Equitable Life Building, with George B. Post as a consulting engineer. The building occupied the entire block bordered by Broadway to the west, Cedar Street to the north, Nassau Street to the east, and Pine Street to the south. The Equitable Life Building was made of
brick A brick is a type of block used to build walls, pavements and other elements in masonry construction. Properly, the term ''brick'' denotes a block composed of dried clay, but is now also used informally to denote other chemically cured cons ...
,
granite Granite () is a coarse-grained (phaneritic) intrusive igneous rock composed mostly of quartz, alkali feldspar, and plagioclase. It forms from magma with a high content of silica and alkali metal oxides that slowly cools and solidifies undergro ...
, and
iron Iron () is a chemical element with symbol Fe (from la, ferrum) and atomic number 26. It is a metal that belongs to the first transition series and group 8 of the periodic table. It is, by mass, the most common element on Earth, right in f ...
, and was originally built with seven above-ground stories and two basement levels. This count excluded a pavilion in the
mansard roof A mansard or mansard roof (also called a French roof or curb roof) is a four-sided gambrel-style hip roof characterised by two slopes on each of its sides, with the lower slope, punctured by dormer windows, at a steeper angle than the upper. The ...
above the seventh story, which would have counted as an eighth floor. Accounts differ on the building's height at the time of its completion, with a cited height figure of . According to a contemporary article in ''
The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...
'', the Equitable Life Building was at least tall. Architectural historian
Robert A. M. Stern Robert Arthur Morton Stern, usually credited as Robert A. M. Stern (born May 23, 1939), is a New York City–based architect, educator, and author. He is the founding partner of the architecture firm, Robert A.M. Stern Architects, also known a ...
wrote that was likely the actual height based on a "convincing analysis" by architectural writer Lee Edward Gray. An expansion in 1885 brought the total height to and nine stories. Up to five separate structures made up the building. Its final height may have been . The building was touted as fireproof, with innovative features such as
elevators An elevator or lift is a cable-assisted, hydraulic cylinder-assisted, or roller-track assisted machine that vertically transports people or freight between floors, levels, or decks of a building, vessel, or other structure. They are ...
and electric lighting. With an ornate
arcade Arcade most often refers to: * Arcade game, a coin-operated game machine ** Arcade cabinet, housing which holds an arcade game's hardware ** Arcade system board, a standardized printed circuit board * Amusement arcade, a place with arcade games * ...
, it was described as a predecessor to 20th-century edifices that functioned as "micro-cities".


Facade

At Post's suggestion, a structural system of stone was used on the ground story, while brick and terracotta were used on the upper stories. The base was made of "darkish" granite from
Quincy, Massachusetts Quincy ( ) is a coastal U.S. city in Norfolk County, Massachusetts, United States. It is the largest city in the county and a part of Greater Boston, Metropolitan Boston as one of Boston's immediate southern suburbs. Its population in 2020 was 1 ...
, while the upper stories were clad with lighter granite from
Concord, New Hampshire Concord () is the capital city of the U.S. state of New Hampshire and the seat of Merrimack County. As of the 2020 census the population was 43,976, making it the third largest city in New Hampshire behind Manchester and Nashua. The village of ...
. Behind the granite cladding were walls made of hard-burnt brick from the North River; this brick was also used for
party walls A party wall (occasionally parti-wall or parting wall, also known as common wall or as a demising wall) is a dividing partition between two adjoining buildings that is shared by the occupants of each residence or business. Typically, the builder ...
and partitions. As built, the articulation of the second and third stories was designed as if they were a single story, and a similar architectural treatment was used for the fourth and fifth floors.
Cornices In architecture, a cornice (from the Italian ''cornice'' meaning "ledge") is generally any horizontal decorative moulding that crowns a building or furniture element—for example, the cornice over a door or window, around the top edge of a ...
separated these horizontal groupings, but there was no horizontal separation between the second/third and fourth/fifth floors, leading some observers to describe the Equitable Life Building erroneously as five stories. Rather, the double-story sections contained windows measuring . Vertical
piers Piers may refer to: * Pier, a raised structure over a body of water * Pier (architecture), an architectural support * Piers (name), a given name and surname (including lists of people with the name) * Piers baronets, two titles, in the baronetages ...
with paired columns separated the windows.


Features


Interior

Equitable leased the basement and first floor to banks, taking the second and third floors for its own offices; commercial tenants leased the remaining floors. The Equitable offices featured the world's "most complete and imposing business hall", a domed clerking hall measuring and supported by twelve marble-clad
Corinthian columns The Corinthian order (Greek: Κορινθιακός ρυθμός, Latin: ''Ordo Corinthius'') is the last developed of the three principal classical orders of Ancient Greek architecture and Roman architecture. The other two are the Doric order w ...
. Also within the Equitable Life Building were two raised skylights at the top of the ceiling. On the second floor a marble counter enclosed a workspace for 120 or 150 clerks. The offices of 40 officers and agents ran along the periphery of the workroom. A gallery enclosed three sides of the third floor, accessed from a spiral staircase in a corner of the second floor office of
Henry Baldwin Hyde Henry Baldwin Hyde (February 15, 1834–May 2, 1899) was an American businessman. He is notable for having founded The Equitable Life Assurance Society of the United States in 1859. By the time of Hyde's death, The Equitable was the largest l ...
, founder of the Equitable Life Assurance Society. Since Equitable occupied the second and third floors, which were seen as relatively unappealing, it could rent out the more desirable quarters in the basements, ground floor, and upper floors. The ground floor and the raised upper basement had banking rooms. Three of the banking rooms had marble floors, as did the entrance hall. When the building was renovated in the late 1880s, the lobby was expanded to stretch the entire block from Broadway to Nassau Street. The enlarged lobby was composed of a , arcade lined with convenience shops, post office boxes, a restaurant, and a barber. The arcade also included a
barrel-vaulted A barrel vault, also known as a tunnel vault, wagon vault or wagonhead vault, is an architectural element formed by the extrusion of a single curve (or pair of curves, in the case of a pointed barrel vault) along a given distance. The curves are ...
ceiling with skylights, as well as a mosaic by the
Herter Brothers Herter is a German occupational surname for a herdsman. Notable people with the surname include: * Albert Herter (1871–1950), American painter; son of Christian, the furniture maker * Christian Herter (1895–1966), American politician; son of ...
; one critic described the arcade as a "marvel of the architect's and builder's art", in that respect superseding the nearby
280 Broadway 280 Broadway – also known as the A.T. Stewart Dry Goods Store, the Marble Palace, and the Sun Building – is a seven-story office building on Broadway, between Chambers and Reade Streets, in the Civic Center neighborhood of Lower Manhattan i ...
, a grand
Italianate The Italianate style was a distinct 19th-century phase in the history of Classical architecture. Like Palladianism and Neoclassicism, the Italianate style drew its inspiration from the models and architectural vocabulary of 16th-century Italian R ...
department-store building nearby. Also in the lobby was the Cafe Savarin, a French-cuisine eatery on the Pine Street side of the building. A cross-passage stretched from Cedar to Pine Streets. The fourth through sixth floors had 50 offices, which were occupied almost exclusively by lawyers. There was also a law library with nearly 40,000 volumes, as well as a separate insurance library with 8,000 volumes. Prior to the late 1880s, the seventh floor contained suites for the building's janitorial staff; after the renovation, the seventh and eighth floors were furnished with offices, similar to the fourth through sixth floors. There were also three dining rooms in the Equitable Life Building.


Innovations

The Equitable Life Building was the first office building in the world to feature passenger elevators, with hydraulic elevators made by the
Otis Elevator Company Otis Worldwide Corporation (trade name, branded as the Otis Elevator Company, its former legal name) is an American company that develops, manufactures and markets elevators, escalators, moving walkways, and related equipment. Based in Farming ...
. Before the structure's completion, there were three elevators in the city—one each at the
Astor House The Astor House was a luxury hotel in New York City. Located on the corner of Broadway and Vesey Street in what is now the Civic Center and Tribeca neighborhoods of Lower Manhattan, it opened in 1836 and soon became the best-known hotel in Amer ...
, the
Fifth Avenue Hotel The Fifth Avenue Hotel was a luxury hotel located at 200 Fifth Avenue in Manhattan, New York City from 1859 to 1908. It had an entire block of frontage between 23rd Street and 24th Street, at the southwest corner of Madison Square. Sit ...
, and a private apartment building; office building heights had never exceeded four stories. Hyde had been advised against constructing elevators; at the time, prestigious firms did not rent offices above the second floor, since that entailed climbing more flights of stairs, exhausting the workers. Initially, the Equitable Life Building had two steam elevators, but four more were added during the mid-1870s. Four additional elevators were installed in the late 1880s, bringing the elevator count to 10. The elevators and the views from the top floors attracted thousands of passersby. In addition to the elevators, the Equitable Life Building had other amenities like electric lighting. After expansion in 1887, the building had nine steel boilers and three hydraulic pumping engines that could pump per minute, and a engine that powered the lighting fixtures.
Securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...
were stored in a welded-chrome and
Bessemer steel The Bessemer process was the first inexpensive industrial process for the mass production of steel from molten pig iron before the development of the open hearth furnace. The key principle is steelmaking, removal of impurities from the iron by ox ...
vault above the Broadway entrance, which was built in 1899–1900. The vault had the latest security systems, including doors and
time lock A time lock (also timelock) is a part of a locking mechanism commonly found in bank vaults and other high-security containers. The time lock is a timer designed to prevent the opening of the safe or vault until it reaches the preset time, eve ...
s. The Equitable Life Building was one of the first buildings in the city to use iron floor beams, and exposed iron was common throughout the interior of the building. While touted as fireproof, the Equitable Life Building still contained combustible components and non-fireproof materials. The floors were made of wood atop brick- or hollow-tile arches; in turn, the arches were located between the
I-beam An I-beam, also known as H-beam (for universal column, UC), w-beam (for "wide flange"), universal beam (UB), rolled steel joist (RSJ), or double-T (especially in Polish language, Polish, Bulgarian language, Bulgarian, Spanish language, Spanish ...
s, which were made of iron and steel. The roof was made of wood and slate. Dumbwaiters in the tile shaft had wooden doors and platforms, while the rest of the building had massive hardwood trim, wooden window sash, and wood-and-glass partitions that were ineffective against fire. The Equitable Life Building also had no automatic sprinklers or chemical extinguishers. The storage vaults were fireproof and survived the 1912 fire.


Artwork

The sculptor
John Quincy Adams Ward John Quincy Adams Ward (June 29, 1830 – May 1, 1910) was an American sculptor, whose most familiar work is his larger than life-size standing Statue of George Washington (Wall Street), statue of George Washington on the steps of Federal Hall, Fe ...
was hired to produce ''Protection'', a group of statues for the facade of the Equitable Life Building. Ward carved a group that resembled a
vignette Vignette may refer to: * Vignette (entertainment), a sketch in a sketch comedy * Vignette (graphic design), decorative designs in books (originally in the form of leaves and vines) to separate sections or chapters * Vignette (literature), short, i ...
used on Equitable's
insurance policies In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as ...
. Because of defects in the first carving, Ward commissioned a second carving weighing , which was made from one block of marble. The final carving depicted a goddess protecting a widow. This sculptural group was carved in Italy and was unveiled when
Grand Duke Alexei Alexandrovich of Russia Grand Duke Alexei Alexandrovich of Russia (russian: Алексе́й Алекса́ндрович; in St. Petersburg – 14 November 1908 in Paris) was the fifth child and the fourth son of Alexander II of Russia and his first wife Maria Alex ...
traveled to the United States in 1871. Badly corroded by rain, it was removed in 1886–1887. The heads survived removal and passed through various owners. Ward's statue commemorating Hyde was unveiled in 1901. It was placed in the building's corridor. The statue survived the fire that burned down the building. Other statues lined the other halls and stairs in the building. The Herter Brothers mosaic in the lobby was described as being "the largest in America" when it was completed in 1887. The mural was composed of a draped woman with two draped children, flanked by nude figures of Greek warriors.


History

When Equitable was founded in 1859, the company's first "home office" was located at 98 Broadway, in the same building as Hyde's previous employers, the
Mutual Life Insurance Company of New York The Mutual Life Insurance Company of New York (also known as Mutual of New York or MONY) was the oldest continuous writer of insurance policies in the United States. Incorporated in 1842, it was headquartered at 1740 Broadway, before becoming a wh ...
. American life insurance had begun "to take on the properties of an important institution" according to the
National Park Service The National Park Service (NPS) is an agency of the United States federal government within the U.S. Department of the Interior that manages all national parks, most national monuments, and other natural, historical, and recreational propertie ...
, and life insurance firms were some of the first companies to build high-profile skyscrapers. Further, many firms in the Financial District were building to the north of
Wall Street Wall Street is an eight-block-long street in the Financial District of Lower Manhattan in New York City. It runs between Broadway in the west to South Street and the East River in the east. The term "Wall Street" has become a metonym for t ...
, the traditional center of commerce in the neighborhood. Hyde was a member of the
Fifth Avenue Presbyterian Church Fifth Avenue Presbyterian Church is a Presbyterian Church (U.S.A.) church in New York City. The church, on Fifth Avenue at 7 West 55th Street in Midtown Manhattan, has approximately 2,200 members and is one of the larger PCUSA congregations. The ...
, which helped contribute funding to get Equitable started. William C. Alexander, brother of the church's pastor
James Waddel Alexander James Waddel Alexander (March 13, 1804 – July 31, 1859) was an American Presbyterian minister and theologian who followed in the footsteps of his father, Rev. Archibald Alexander. Early life Alexander was born in 1804 in Louisa County, Vir ...
, was Equitable's first president. The company grew quickly and moved to 92 Broadway in December 1859; at the time, Equitable had $1.14 million of insurance in force (equal to $ million in ). Initially, Equitable occupied four rooms on the second floor, but by 1862, they leased additional space on the third floor. In the mid-1860s Equitable leased more space at 94 and 96 Broadway owned by different landlords. By 1867, Equitable had $82.5 million of insurance in force (equal to $1.275 billion in ).


Planning and construction

The company's success led Equitable's board to hold a meeting in December 1865, because the firm needed extra space and had already been subjected to two fires. Over the next two years, the company acquired seven lots at 116–124 Broadway and 84–86 Cedar Street; the lots totaled and had cost an average . When Hyde suggested to Equitable's building committee he wanted to build an eight-story edifice, the committee viewed the proposal skeptically; Hyde stated the building would include elevators. The committee looked at buildings in other cities across the U.S. and hosted a building competition with several contestants.
Charles D. Gambrill Charles D. Gambrill FAIA (1834–1880) was an American architect in practice in New York City from 1860 until his death in 1880. Life and career Charles Dexter Gambrill was born January 19, 1834, in Roxbury, Massachusetts, now part of Boston." ...
and
Henry Hobson Richardson Henry Hobson Richardson, FAIA (September 29, 1838 – April 27, 1886) was an American architect, best known for his work in a style that became known as Richardsonian Romanesque. Along with Louis Sullivan and Frank Lloyd Wright, Richardson is one ...
,
Richard Morris Hunt Richard Morris Hunt (October 31, 1827 – July 31, 1895) was an American architect of the nineteenth century and an eminent figure in the history of American architecture. He helped shape New York City with his designs for the 1902 entrance fa ...
, and George B. Post each submitted proposals, which were rejected by the committee. Gambrill and Richardson's plan, which featured a large central clerking hall lit by skylights, prioritized the usage of the site. By contrast, Hunt proposed three schemes in which a geometric clerking hall was illuminated by exterior walls. While Post's plans no longer exist, his designs influenced the inclusion of the sculptural pediment and the facade pavilion. In January 1868, Equitable's building committee announced that Gilman and Kendall had won the competition. Their partnership had been strained at the time of the commission; an October 1869 ''New York Herald'' article called the Equitable Life Building Kendall's "first great work", implying that Gilman was no longer involved in the project. Furthermore, even though Post had not won the design competition for the building, he was still credited as one of the building's architects. Post had redesigned the structural system for the office floors and had recommended the use of brick and terracotta above a granite base. Architectural historian
Montgomery Schuyler Montgomery Schuyler AIA, (August 19, 1843, Ithaca, New York – July 16, 1914, New Rochelle, New York) was a highly influential critic, journalist and editorial writer in New York City who wrote about and influenced art, literature, music ...
wrote the elevators were included after Post and Hyde had insisted on them. To demonstrate his confidence in the elevator, Post offered to take an office on the seventh story, the top rental floor, at a price "based on and equaling the highest rent paid on Broadway" for similar office space. Hyde doubled the offer, which Post accepted. The seven buildings on the site were demolished in mid-1868, and construction on the lots at Broadway and Cedar Street began the same year. The first portion of the structure opened on May 1, 1870. The building had cost nearly $4.16 million (equal to $ million in ). Despite Equitable's growing assets—which had increased from $5 million in 1868 to $11 million in 1870—competitors and the public accused the company and Hyde of "extravagance". The Equitable Life Building was more lavish than other office buildings because of its construction materials and the use of elevators. The building was profitable, earning $136,000 a year in rent by 1871, with 400 people working inside the building. Its features led other landlords to add elevators and additional floors to their buildings. The design inspired the addition of mansard roofs to other insurance buildings nearby, including those of Mutual Life,
New York Life 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 State ...
,
Metropolitan Life MetLife, Inc. is the Holding company, 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, Annuity (US financial produc ...
, and Germania Life.


Expansions

Equitable's operations increased further, so that by 1872 workers were cramped for space, leading the company to purchase property to the rear and create a law library. The lots at 122–124 Broadway were leased to a
Delmonico's Delmonico's is the name of a series of restaurants that operated in New York City, with the present version located at 56 Beaver Street in the Financial District of Manhattan. The original version was widely recognized as the United States ...
restaurant. ''The New York Times'' wrote in 1875 that the building's site and facilities allowed it to "embrace perhaps greater advantages than any other commercial building in the City". A large expansion began in March 1875 was completed two months later. Electric lighting was added on a trial basis in 1878, making the Equitable Life Building the city's first office building with such lighting. The Equitable Life Building was extremely profitable: in 1892, Equitable's annual income from renting was estimated to be $300,000, which real-estate developers estimated was four percent of the true value of the building. In 1885, Equitable filed plans with the
New York City Department of Buildings The New York City Department of Buildings (DOB) is the department of the New York City government that enforces the city's building codes and zoning regulations, issues building permits, licenses, registers and disciplines certain construction tra ...
to build a large extension to the Equitable Life Building. Several lots on Broadway and Pine Street, measuring , would be acquired for the annex. The mansard roof would be removed and replaced with the eighth and ninth stories. The expansion was completed by 1887. It was during the late-1880s expansion that the block-through lobby was added, and the Cafe Savarin was opened. At the time, the Equitable Life Building occupied the entire block except for the corner lots on Nassau Street. Author
R. Carlyle Buley Roscoe Carlyle Buley (July 8, 1893, in Georgetown, Floyd County, Indiana – April 25, 1968, in Indianapolis, Indiana) was an American historian and educator. Personal life and educational background The son of David M. Buley – a Hoosier scho ...
stated that Equitable did not assume control of the entire block until 1906, when it bought the lots at 17 and 23–25 Nassau Street. These buildings were respectively the Belmont Building and the Western National Building, which were never subsumed by the Equitable Life Building. Post was asked to prepare plans for a 40-story structure in 1897, though the design was ultimately not executed. The securities vault and the statue of Hyde were added at the end of the 19th century. By 1900, the Equitable Life Building had over 3,000 occupants. In 1907, Daniel H. Burnham's company D. H. Burnham & Company had proposed replacing the Equitable Life Building with a 33-story structure (later changed to a 62-story building), but the plan was ultimately dropped. Rather, Equitable constructed the Hazen Building on nearby
Greenwich Street Greenwich Street is a north–south street in the New York City borough (New York City), borough of Manhattan. It extends from the intersection of Ninth Avenue (Manhattan), Ninth Avenue and Gansevoort Street in the Meatpacking District, Manhat ...
to store its files.


Destruction

The Equitable Life Building, described as fireproof, was destroyed by a massive fire on January 9, 1912. The fire started in the basement at about 5:00 a.m. EST but quickly spread to the rest of the building, exacerbated by the open stairways and elevator shafts. Fire crews from Manhattan and
Brooklyn Brooklyn () is a borough of New York City, coextensive with Kings County, in the U.S. state of New York. Kings County is the most populous county in the State of New York, and the second-most densely populated county in the United States, be ...
were called to put out the blaze, holding up traffic on the
Brooklyn Bridge The Brooklyn Bridge is a hybrid cable-stayed/ suspension bridge in New York City, spanning the East River between the boroughs of Manhattan and Brooklyn. Opened on May 24, 1883, the Brooklyn Bridge was the first fixed crossing of the East River ...
and nearby streets. The outside temperature at the time was , causing the water from the fire trucks to freeze on the building. The tower's height was a disadvantage: the fire trucks' ladders could not reach the upper stories, and lifelines from nearby buildings snapped before they could be secured onto the building. There were several high-profile rescues, including that of William Giblin, president of major tenant Mercantile Safe Deposit Company, who had been trapped in a vault. The fire was brought under control at about 9:30 p.m. EST. Smoke continued to billow from the site two days later, and two of the outer structural walls remained standing after the blaze. Six people died, including five employees and one firefighter. Three of the victims had been trapped on the roof while trying to escape. The money in the vaults, appraised at $385 million, was unscathed. Though the building was not covered by insurance policies, Equitable suffered a relatively small loss, since the building was valued at less than $3 million, the amount the company had saved by self-insuring its properties. Damage was estimated at $2 million, but the structure was considered "no asset"—it was worthless because of the high demand for vacant land in the Financial District. Most of the losses were in the value of the building's law library. The land was actually worth more after the fire than beforehand. Equitable quickly set up temporary quarters at the
City Investing Building The City Investing Building, also known as the Broadway–Cortlandt Building and the Benenson Building, was an office building and early skyscraper in Manhattan, New York. Serving as the headquarters of the City Investing Company, it was on ...
. The society also sold the land to T. Coleman du Pont in October 1912 for $13.5 million. Du Pont developed the present Equitable Building, designed by Ernest R. Graham & Associates, on the same plot between 1913 and 1915. The massive bulk of the newer building was a major impetus behind the city's
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 ...
, which placed limits on building height and shape.


Legacy

The initial structure has been described as one of three influential
early skyscrapers The earliest stage of skyscraper design encompasses buildings built between 1884 and 1945, predominantly in the American cities of New York and Chicago. Cities in the United States were traditionally made up of low-rise buildings, but significan ...
of
Lower Manhattan Lower Manhattan (also known as Downtown Manhattan or Downtown New York) is the southernmost part of Manhattan, the central borough for business, culture, and government in New York City, which is the most populated city in the United States with ...
, along with the
Western Union Telegraph Building The Western Union Telegraph Building was a building at Dey Street and Broadway in the Financial District of Manhattan in New York City. The Western Union Building was built with ten above-ground stories rising . The structure was originally d ...
and the
New York Tribune Building The New York Tribune Building (also the Nassau-Tribune Building) was a building in the Financial District of Manhattan in New York City, across from City Hall and the Civic Center. It was at the intersection of Nassau and Spruce Streets, at 154 ...
. Architectural historians
Sarah Bradford Landau Dr. Sarah Bradford Landau (born 1935) is a noted architectural historian who taught for many years in the Department of Art History at New York University. Landau earned her B.F.A. at the University of North Carolina (1957). She earned her M.A. ...
and Carl W. Condit wrote that the Equitable Life Building was considered to be one of the first skyscrapers. However, the classification of the Equitable Life Building as a skyscraper is disputed. The Tribune and Western Union Buildings are variously cited as being either the first-ever skyscrapers, or the next major skyscrapers after the Equitable Life Building because of their substantial height increase. While Robert A. M. Stern did not consider the building to be a skyscraper, he wrote that the structure was "the city's, and therefore the world's, first modern office building".


References


Notes


Citations


Sources

* * * * *


External links


"100 Years Ago—The Equitable Building Fire"
from th
Museum of the City of New York Collections blog

''Equitable building: destroyed by fire January 9th, 1912''
pamphlet about the fire, published in 1912 and available at the Internet Archive {{Authority control 1870 establishments in New York (state) Broadway (Manhattan) Building fires in New York City Buildings and structures demolished in 1912 Commercial building fires Commercial buildings completed in 1870 1912 fires in the United States Demolished buildings and structures in Manhattan Skyscraper office buildings in Manhattan Buildings with mansard roofs