International Mercantile Marine Company Building
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The International Mercantile Marine Company Building (also known as 1 Broadway and the United States Lines Building, and formerly as the Washington Building) is a 12-story office building in the Financial District 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. It is located at the intersection of Battery Place and
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 ...
, adjacent to
Bowling Green A bowling green is a finely laid, close-mown and rolled stretch of turf for playing the game of bowls. Before 1830, when Edwin Beard Budding of Thrupp, near Stroud, UK, invented the lawnmower, lawns were often kept cropped by grazing sheep ...
to the east and the Battery to the south. 1 Broadway was built in 1882 as the Queen Anne-style Washington Building on the site of the former Washington Hotel. The building was acquired by the
International Mercantile Marine Company The International Mercantile Marine Company, originally the International Navigation Company, was a trust formed in the early twentieth century as an attempt by J.P. Morgan to monopolize the shipping trade. IMM was founded by shipping magnate ...
(IMM) in 1919 to serve as its corporate headquarters and extensively altered to its present Neoclassical style. It was the headquarters of IMM and its successor company
United States Lines United States Lines was the trade name of an organization of the United States Shipping Board (USSB), Emergency Fleet Corporation (EFC) created to operate German liners seized by the United States in 1917. The ships were owned by the USSB and al ...
until 1979, when the firm relocated to
Cranford, New Jersey Cranford is a township in Union County, in the U.S. state of New Jersey, located southwest of Manhattan. As of the 2020 United States census, the township's population was 23,847, an increase of 1,222 (+5.4%) from the 2010 census count ...
. The structure continued to host office tenants as well as a bank. The building was added to the
National Register of Historic Places The National Register of Historic Places (NRHP) is the United States federal government's official list of districts, sites, buildings, structures and objects deemed worthy of preservation for their historical significance or "great artistic ...
(NRHP) on March 2, 1991, and was designated a city landmark by 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 ...
in 1995. It is also a contributing property to the Wall Street Historic District, a NRHP district created in 2007.


Description

The International Mercantile Marine Company Building is bounded by Battery Place and the Battery to the south, Broadway and
Bowling Green A bowling green is a finely laid, close-mown and rolled stretch of turf for playing the game of bowls. Before 1830, when Edwin Beard Budding of Thrupp, near Stroud, UK, invented the lawnmower, lawns were often kept cropped by grazing sheep ...
to the east,
Greenwich Street Greenwich Street is a north–south street in the New York City borough of Manhattan. It extends from the intersection of Ninth Avenue and Gansevoort Street in the Meatpacking District at its northernmost end to its southern end at Battery ...
to the west, and the
Bowling Green Offices Building The Bowling Green Offices Building (also known as the Bowling Green Building, Bowling Green Offices, or 11 Broadway) is an office building located at 11 Broadway, across from Bowling Green park in the Financial District of Manhattan i ...
(11 Broadway) to the north. Its alternate addresses are 1 Battery Place and 1-3 Greenwich Street. The structure occupies a lot with frontages of on Battery Place, on Greenwich Street, and on Broadway. The site overlooks the
New York Harbor New York Harbor is at the mouth of the Hudson River where it empties into New York Bay near the East River tidal estuary, and then into the Atlantic Ocean on the east coast of the United States. It is one of the largest natural harbors in ...
to the south, and its Battery Place facade is adjacent to two entrances for the
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 ...
's
Bowling Green station The Bowling Green station is a station on the IRT Lexington Avenue Line of the New York City Subway, located at Broadway and Battery Place (at Bowling Green), in the Financial District of Manhattan. It is served by the 4 train at all times a ...
. The building was initially designed by
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 ...
as a Queen Anne style building. The current
neoclassical style Neoclassical architecture is an architectural style produced by the Neoclassical movement that began in the mid-18th century in Italy and France. It became one of the most prominent architectural styles in the Western world. The prevailing sty ...
facade was designed by Walter B. Chambers.


Form

1 Broadway is a 12-story building. The ground story is sometimes counted as two floors because of its double-height ceiling. It was erected as the 9- or 10-story Washington Building. The structure was later expanded to 14 stories, a count that included 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. Th ...
. The mansard roof still remains on the building and counts as the 13th story, while an attic above the mansard counts as the 14th story. The building is slightly U-shaped, surrounding a shallow light court to the north, which connects with 11 Broadway's much deeper light court.


Facade

The building has side entrances facing
Battery Park The Battery, formerly known as Battery Park, is a public park located at the southern tip of Manhattan Island in New York City facing New York Harbor. It is bounded by Battery Place on the north, State Street on the east, New York Harbor to ...
which are labeled "First Class" and "Cabin Class". The facade of the ground through 12th stories is composed of
buff Buff or BUFF may refer to: People * Buff (surname), a list of people * Buff (nickname), a list of people * Johnny Buff, ring name of American world champion boxer John Lisky (1888–1955) * Buff Bagwell, a ring name of American professional w ...
-colored
Indiana Limestone Indiana limestone — also known as Bedford limestone in the building trade — has long been an economically important building material, particularly for monumental public structures. Indiana limestone is a more common term for Salem Limestone, ...
, which replaced the original cladding of red Milwaukee
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 ...
and
sandstone Sandstone is a clastic sedimentary rock composed mainly of sand-sized (0.0625 to 2 mm) silicate grains. Sandstones comprise about 20–25% of all sedimentary rocks. Most sandstone is composed of quartz or feldspar (both silicat ...
. Though the
spandrel A spandrel is a roughly triangular space, usually found in pairs, between the top of an arch and a rectangular frame; between the tops of two adjacent arches or one of the four spaces between a circle within a square. They are frequently fill ...
s of the windows are of green
marble Marble is a metamorphic rock composed of recrystallized carbonate minerals, most commonly calcite or dolomite. Marble is typically not foliated (layered), although there are exceptions. In geology, the term ''marble'' refers to metamorphose ...
, and the
water table The water table is the upper surface of the zone of saturation. The zone of saturation is where the pores and fractures of the ground are saturated with water. It can also be simply explained as the depth below which the ground is saturated. T ...
below the first story is faced with
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 un ...
. The southwestern and southeastern corners of the building, facing Battery Park, are
chamfer A chamfer or is a transitional edge between two faces of an object. Sometimes defined as a form of bevel, it is often created at a 45° angle between two adjoining right-angled faces. Chamfers are frequently used in machining, carpentry, ...
ed and formerly contained entrance doorways at the base. The ground-level windows are arched double-height openings with multi-paneled
sash window A sash window or hung sash window is made of one or more movable panels, or "sashes". The individual sashes are traditionally paned windows, but can now contain an individual sheet (or sheets, in the case of double glazing) of glass. History ...
s, topped by half-domed awnings. On Broadway, there are five vertical
bays A bay is a recessed, coastal body of water that directly connects to a larger main body of water, such as an ocean, a lake, or another bay. A large bay is usually called a gulf, sea, sound, or bight. A cove is a small, circular bay with a na ...
. At ground level, the center bay contains the main entrance archway; it includes carved reliefs of Mercury (god of travel) and
Neptune Neptune is the eighth planet from the Sun and the farthest known planet in the Solar System. It is the fourth-largest planet in the Solar System by diameter, the third-most-massive planet, and the densest giant planet. It is 17 time ...
(god of the sea) in its spandrels, and it contains a
pediment Pediments are gables, usually of a triangular shape. Pediments are placed above the horizontal structure of the lintel, or entablature, if supported by columns. Pediments can contain an overdoor and are usually topped by hood moulds. A pedim ...
with an eagle carving at its top. The two northernmost ground-level bays on Broadway are less ornate entrance archways, while the southernmost bays are window openings. On Battery Place, there are nine bays. At ground level, the second-to-last bays on either side contain entrances: the eastern entrance was for first-class passengers, and the western entrance was for cabin-class passengers. On Greenwich Street, there are six bays; all are double-height windows, except for the northernmost bay, which includes doors and a staircase to the building's elevator hall. The basement windows are visible at the bottom of the facade, and a staircase led to the third-class passengers' entrance in the basement. An
entablature An entablature (; nativization of Italian , from "in" and "table") is the superstructure of moldings and bands which lies horizontally above columns, resting on their capitals. Entablatures are major elements of classical architecture, and ...
runs along the facade between the 1st and 2nd floors. Between the windows on the second floor are alternating mosaic shields of renowned port cities. On the 3rd through 7th floors, each bay contains a pair of sash windows. The spandrel panels above each pair of windows are made of yellow marble, and the spandrels above the 4th story contain roundels as well. The chamfered corners each contain a single sash window per floor. The facades of the 8th and 9th floors comprise an
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 * ...
with one arched window in each bay, while the 10th story contains a pair of sash windows in each bay. At either chamfered corner, the 8th and 10th floors have a rectangular sash window, and the 9th floor has a
rose window Rose window is often used as a generic term applied to a circular window, but is especially used for those found in Gothic cathedrals and churches. The windows are divided into segments by stone mullions and tracery. The term ''rose window' ...
. The 11th and 12th stories comprise the copper mansard roof; the 11th floor is set back slightly and surrounded by a
balustrade A baluster is an upright support, often a vertical moulded shaft, square, or lathe-turned form found in stairways, parapets, and other architectural features. In furniture construction it is known as a spindle. Common materials used in its c ...
. Above the roof are three 1- and 2-story mechanical towers.


Booking room

The first-floor booking room is long by wide, running parallel to Battery Place, and has a ceiling tall. Its floor was made of marble, later covered with linoleum. Inside, a
compass rose A compass rose, sometimes called a wind rose, rose of the winds or compass star, is a figure on a compass, map, nautical chart, or monument used to display the orientation of the cardinal directions (north, east, south, and west) and thei ...
was prominently depicted in the floor, and two enormous murals depicted shipping lanes. The former booking room was modeled on an 18th-century ballroom, with columns and elaborate railings at either end, along with four imposing chandeliers and marble walls. This space was later converted to a
Citibank Citibank, N. A. (N. A. stands for " National Association") is the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City ...
branch. To the north is the building's original lobby, which stretches across the width of the building, and also contains marble floors and walls. The lobby contains access to a bank of elevators as well as an emergency staircase.


History


Early site usage

In the 17th century, two taverns operated at the site of what is now 1 Broadway. One of these was the "Knocks Tavern", built around 1649 by Dutch military officer Peter Knocks (alternatively Peter Cock). This was likely the first permanent building at 1 Broadway. Additionally, there was a "market stand" on the site in 1656. Dutch settler William Isaacsen Vredenburgh lived at the site until 1673, when the building was scheduled to be demolished because it interfered with
Fort Amsterdam Fort Amsterdam was a fort on the southern tip of Manhattan at the confluence of the Hudson and East rivers. It was the administrative headquarters for the Dutch and then English/British rule of the colony of New Netherland and subsequently th ...
's defenses. From 1678 to 1685, the property was owned by David Ackerman, a Dutchman who was subsequently one of New Jersey's earliest settlers. The lot was sold in 1745 to
Royal Navy The Royal Navy (RN) is the United Kingdom's naval warfare force. Although warships were used by English and Scottish kings from the early medieval period, the first major maritime engagements were fought in the Hundred Years' War against Fr ...
captain Archibald Kennedy. Around 1760 or 1768, Kennedy's house was erected at the site, "fashioned ..after the most approved English model". The house was a symmetrical two-story mansion with materials imported from the Netherlands; its features included two stone
string courses A course is a layer of the same unit running horizontally in a wall. It can also be defined as a continuous row of any masonry unit such as bricks, concrete masonry units (CMU), stone, shingles, tiles, etc. Coursed masonry construction arranges ...
and a slightly projecting center portion with a
Palladian window Palladian architecture is a European architectural style derived from the work of the Venetian architect Andrea Palladio (1508–1580). What is today recognised as Palladian architecture evolved from his concepts of symmetry, perspective and ...
. There was a parlor long and a connection to the adjacent house at 3 Broadway. Kennedy occupied the house until 1776, during the
American Revolutionary War The American Revolutionary War (April 19, 1775 – September 3, 1783), also known as the Revolutionary War or American War of Independence, was a major war of the American Revolution. Widely considered as the war that secured the independence of t ...
, when he fled to
New Jersey New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delawa ...
. The Kennedy house then served briefly as headquarters for
Continental Army The Continental Army was the army of the United Colonies (the Thirteen Colonies) in the Revolutionary-era United States. It was formed by the Second Continental Congress after the outbreak of the American Revolutionary War, and was establis ...
generals
Henry Lee III Henry Lee III (January 29, 1756 – March 25, 1818) was an early American Patriot and U.S. politician who served as the ninth Governor of Virginia and as the Virginia Representative to the United States Congress. Lee's service during the Am ...
and
Israel Putnam Israel Putnam (January 7, 1718 – May 29, 1790), popularly known as "Old Put", was an American military officer and landowner who fought with distinction at the Battle of Bunker Hill during the American Revolutionary War (1775–1783). He als ...
, and possibly served as headquarters for General
George Washington George Washington (February 22, 1732, 1799) was an American military officer, statesman, and Founding Father who served as the first president of the United States from 1789 to 1797. Appointed by the Continental Congress as commander of ...
, as well as by high-ranking generals of the British army.The Commander-in-Chief, America, Sir Henry Clinton, occupied Number One Broadway as his headquarters, and in 1782-3 Sir Guy Carleton (Lord Dorchester) also occupied Number One. Following the war's conclusion, the structure was restored to its original condition. It was then occupied by banker
Nathaniel Prime Nathaniel Prime (January 30, 1768 – November 26, 1840) was a New York broker and banker. Early life Prime was born in Rowley, Massachusetts on January 30, 1768. He was the son of Joshua Prime and Bridget Hammond Prime. In his early years, h ...
, possibly either between 1810 and 1831, or through the 1840s. The structure then became the Washington Hotel, which opened in 1854, although one source says that the house was used for entertainment as early as 1794. Sometime in the mid-19th century, the building was expanded: a drawing in the 1859 ''Norton's Handbook of New York City'' shows the hotel as being four stories tall. Adjoining the hotel was the residence of John Watts, built in 1750 on the site of the current IMM Building. It was connected to the Washington Hotel by a temporary bridge that was installed whenever the Watts family held large events.


Washington Building

In mid-1881,
Cyrus West Field Cyrus West Field (November 30, 1819July 12, 1892) was an American businessman and financier who, along with other entrepreneurs, created the Atlantic Telegraph Company and laid the first telegraph cable across the Atlantic Ocean in 1858. Early ...
paid $167,500 for the Washington Hotel and $70,000 for Caroline W. Astor's adjoining house at Battery Place and Greenwich Street. The hotel's furnishings were sold off that December. The prior month, in November 1881, Field had announced that he would host a competition among six of the city's most reputable architects to design the Washington Building, a commercial building, on the hotel site. The winning architect would be paid $5,500, and the other architects would be paid $500 each for submitting a design.
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 ...
won the commission and prepared plans for a Queen Anne style building on the site. The Washington Building Company was set up in June 1882, upon which title was transferred to said corporation. The structure was erected by W.H. Hazzard & Son and was completed in 1884 at a final cost of $900,000. The Washington Building was often referred to as the Field Building, after its developer. The Washington Building was originally a 9- or 10-story structure rising , covering . The building was faced with red brick and sandstone, and the main entrance was through Battery Place to the south. The corners contained five-story-high columns of overhanging
oriel window An oriel window is a form of bay window which protrudes from the main wall of a building but does not reach to the ground. Supported by corbels, brackets, or similar cantilevers, an oriel window is most commonly found projecting from an upper f ...
s. The structure was C-shaped, surrounding an interior courtyard on its north side. It initially contained four elevators, but two more were added in the 1890s. As originally designed, there were to be 17 offices on each floor between the third and ninth floors, and there were "about 860 windows and 358 rooms" in total. Tenants included the
Statue of Liberty The Statue of Liberty (''Liberty Enlightening the World''; French: ''La Liberté éclairant le monde'') is a colossal neoclassical sculpture on Liberty Island in New York Harbor in New York City, in the United States. The copper statue, ...
construction committee, the Manhattan Hay and Produce Exchange, the Postal Telegraph-Cable Company, and the United-States National Bank. The structure was topped by a circular tower on the Battery side and a rectangular tower on the Broadway side. Kendall designed additional stories to the Washington Building in 1885, but sources disagree as to how this was undertaken. According to Fran Leadon, a two-story addition was built shortly after the Washington Building's completion, and another two-story expansion was added in 1886–1887. However,
Christopher Gray Christopher Stewart Gray (April 24, 1950 – March 10, 2017) was an American journalist and architectural historian,Schneider, Daniel B (August 27, 2000)"F.Y.I. Hell's Kitchen in the Raw" '' The New York Times''. March 4, 2010. noted for his wee ...
of ''
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 ...
'' mentions a single 4-story addition that was completed by 1887. Either way, following the expansion, the top story consisted of a
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. Th ...
containing protruding
dormer A dormer is a roofed structure, often containing a window, that projects vertically beyond the plane of a pitched roof. A dormer window (also called ''dormer'') is a form of roof window. Dormers are commonly used to increase the usable spac ...
s on its south face. After the expansions, the building was tall. Gray and a contemporary ''Real Estate Record'' article characterized the Washington Building as being 14 stories, but Moses King's 1893 ''Handbook of New York City'' and an 1896 ''Times'' article described the building as being 13 stories. The Washington Building Company hired Harry E. Donnell in 1908 to perform unspecified "internal improvements" on the structure.


IMM renovation

The
International Mercantile Marine Company The International Mercantile Marine Company, originally the International Navigation Company, was a trust formed in the early twentieth century as an attempt by J.P. Morgan to monopolize the shipping trade. IMM was founded by shipping magnate ...
(IMM) was looking for a new headquarters by the early 20th century. The company had been founded by the financier
J. P. Morgan John Pierpont Morgan Sr. (April 17, 1837 – March 31, 1913) was an American financier and investment banker who dominated corporate finance on Wall Street throughout the Gilded Age. As the head of the banking firm that ultimately became known ...
in 1902 through the merger of numerous smaller companies. Because of its large size and abundant competition in the steamship industry, its operations ran with a "thin margin of safety". IMM's finances were negatively affected after the 1912 sinking of the , operated by its subsidiary
White Star Line The White Star Line was a British shipping company. Founded out of the remains of a defunct packet company, it gradually rose up to become one of the most prominent shipping lines in the world, providing passenger and cargo services between ...
, but the company made significant profits from freight traffic during and after
World War I World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was List of wars and anthropogenic disasters by death toll, one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, ...
. Its first office in New York City, located at the adjacent
Bowling Green Offices Building The Bowling Green Offices Building (also known as the Bowling Green Building, Bowling Green Offices, or 11 Broadway) is an office building located at 11 Broadway, across from Bowling Green park in the Financial District of Manhattan i ...
, was first mentioned in its 1918 annual report. IMM bought the Washington Building in 1919 for $3 million. Due to a dearth of available office space in the neighborhood, IMM decided against constructing an entirely new structure. Instead, that November, IMM announced plans to renovate the existing structure. Walter B. Chambers designed the Washington Building's renovation. The dormers and oriels were removed; the roof was rebuilt; the facade was clad in a mixture of granite, marble, and limestone; and maritime-themed details were placed on the facade of 1 Broadway. In addition, the ground floor was redesigned to accommodate IMM's booking office. The renovation was performed in phases to minimize disruption to existing tenants, who were moved between offices as work proceeded. The process occurred "without the slightest accident" despite the engineering complexities of the project. The renovation was completed by 1921; that year, the Downtown League gave 1 Broadway a "best-altered building" award. The structure initially contained the booking office and New York City headquarters of the IMM. The ground floor had the first-and-second-class booking offices, waiting room, and lobby, while the basement contained the steerage booking office and storage rooms. The second floor housed the IMM's construction department; the third and fourth floor, general offices; and the fifth floor, a board room and executive offices. Other tenants rented out the seven upper floors. The IMM competed with the Cunard Line, which had erected its own nearby building in a similar way two years before. The Cunard, Bowling Green, and International Mercantile Marine Company buildings and several others on the southernmost section on Broadway, formed a "steamship row".


Later use

Both the public and the federal government's
United States Shipping Board The United States Shipping Board (USSB) was established as an emergency agency by the 1916 Shipping Act (39 Stat. 729), on September 7, 1916. The United States Shipping Board's task was to increase the number of US ships supporting the World War ...
started to distrust IMM following World War I: the public eschewed the company due to its usage of British ships, while the Shipping Board saw IMM as too large and anti-competitive. This led to a series of organizational changes, including the sale of all foreign-flag lines and even some domestic lines. The IMM merged with the Roosevelt Steamship Company in 1931 to form the Roosevelt International Mercantile Marine Company (RIMM), which continued to own 1 Broadway. The same year, RIMM acquired
United States Lines United States Lines was the trade name of an organization of the United States Shipping Board (USSB), Emergency Fleet Corporation (EFC) created to operate German liners seized by the United States in 1917. The ships were owned by the USSB and al ...
(USL) and began merging its other operations under that name. By 1940, RIMM itself had merged into USL, and the next year, an USL subsidiary acquired 1 Broadway. USL was also one of the largest shipping lines of its time, but faced numerous financial problems after
World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great power ...
. Accordingly, the company placed 1 Broadway for sale in the late 1960s or early 1970s. USL's then-owner Walter Kidde & Company reportedly "nearly sold" 1 Broadway in 1972, but USL withdrew the building from sale due to a decline in New York City's real estate prices. USL also proposed replacing 1 Broadway with a 50-story skyscraper in 1970, which would have entailed taking
air rights Air rights are the property interest in the "space" above the earth's surface. Generally speaking, owning, or renting, land or a building includes the right to use and build in the space above the land without interference by others. This lega ...
from the nearby Alexander Hamilton U.S. Custom House. Shipping entrepreneur Malcom McLean bought USL in 1977, and the following December, United States Lines announced that it would move to
Cranford, New Jersey Cranford is a township in Union County, in the U.S. state of New Jersey, located southwest of Manhattan. As of the 2020 United States census, the township's population was 23,847, an increase of 1,222 (+5.4%) from the 2010 census count ...
. The relocation took place in mid-1979, though USL remained on the ground floor through the end of the year. Several entities expressed interest in purchasing 1 Broadway, including one prospective buyer who considered converting it into a hotel. Ultimately, the structure was acquired by the Muna Realty Development Corporation, a
Dutch Antillean nl, In vrijheid verenigd"Unified by freedom" , national_anthem = , common_languages = Dutch English Papiamento , demonym = Netherlands Antillean , capital = Willemstad , year_start = 1954 , year_end = 2010 , date_start = 15 December , ...
company who paid $9.75 million for the building and $250,000 for USL's remaining rent. The building was listed on the
National Register of Historic Places The National Register of Historic Places (NRHP) is the United States federal government's official list of districts, sites, buildings, structures and objects deemed worthy of preservation for their historical significance or "great artistic ...
(NRHP) in 1991. The building's owners were facing financial difficulties by 1992, when the insurance company
Allstate The Allstate Corporation is an American insurance company, headquartered in Northfield Township, Illinois, near Northbrook since 1967. Founded in 1931 as part of Sears, Roebuck and Co., it was spun off in 1993 but still partially owned by ...
acquired 1 Broadway through
foreclosure 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 mort ...
. The same year, Allstate started renovating the facade. The restoration was designed by Stephen Cohan, with C & D Restoration as contractors, and ultimately cost $2.2 million. During the project, some of the original red facade was discovered. The masonry was replaced between 1993 and 1994, during which about 8% of the original stonework was replaced. In 1995, the International Mercantile Marine Company Building, along with several other buildings on Bowling Green, were formally designated as New York City landmarks. In 2007, it was designated as a contributing property to the Wall Street Historic District, a NRHP district.
Kenyon & Kenyon Kenyon & Kenyon LLP was a law firm specializing in intellectual property law. It competed with other IP specialty firms, as well as with most general practice firms that have IP practices. The firm had offices in New York, Washington DC, and Sil ...
, a prominent intellectual property law firm, was the main tenant on the upper floors in the late 20th and early 21st centuries, having moved into four floors of 1 Broadway in 1980. Kenyon & Kenyon along with investment counselors Brundage, Story & Rose, collectively occupied 70% of the building's office space by 1996. Five years later, Kenyon & Kenyon occupied almost all of the building's of office space, except half of the sixth floor. At the time, Logany LLC was the landlord for that portion of the sixth floor, though Kenyon & Kenyon had a
right of first refusal Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transactio ...
on that space. This led to a 2005 lawsuit when Logany did not offer a lease to Kenyon & Kenyon for Logany's half of the sixth floor, and proposed to build penthouses on the 12th floor, which Kenyon & Kenyon claimed was an effort to force them to move from the 12th floor. Kenyon & Kenyon won that lawsuit, which precluded Logany from building penthouses and forced the company to offer Kenyon & Kenyon a lease. In 2018, the building was sold to Midtown Equities for $140 million, at which point the new owners announced that part of the building would be converted to apartments. Kenyon & Kenyon dissolved afterward.


Critical reception

Before its renovation, the Washington Building was described by the ''Real Estate Record and Guide'' as "one of the handsomest office structures in the world", and due to its location at the southern tip of Manhattan Island, "probably the first building to attract the foreigner who comes to our shores." So prominent was the building that visitors to New York City would often climb to the building's roof before checking into their hotels. A ''Times'' article in 1919, prior to the Washington Building's renovation, called the planned remodel "a great white stone structure of classic dignity and proportion". After the project was completed, the ''Real Estate Record and Guide'' called it "a beautiful, harmonious structure, which few would recognize as the old Washington Building, known for two generations as the first skyscraper of lower Manhattan." In a book published in 1932, W. Parker Chase wrote that the building was "one of the most magnificent buildings in New York".


See also

*
National Register of Historic Places listings in Manhattan below 14th Street This is intended to be a complete list of properties and districts listed on the National Register of Historic Places on Manhattan Island below 14th Street, which is a significant portion of the New York City borough of Manhattan. In turn, the b ...
*
List of New York City Designated Landmarks in Manhattan below 14th Street The New York City Landmarks Preservation Commission (LPC), formed in 1965, is the New York City governmental commission that administers the city's Landmarks Preservation Law. Since its founding, it has designated over a thousand landmarks, cla ...


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* * * ''See also:'' {{Authority control Office buildings on the National Register of Historic Places in Manhattan Neoclassical architecture in New York City Office buildings completed in 1919 Office buildings in Manhattan Financial District, Manhattan Broadway (Manhattan) New York City Designated Landmarks in Manhattan Bowling Green (New York City) Historic district contributing properties in Manhattan Individually listed contributing properties to historic districts on the National Register in New York (state)