23 Wall Street

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23 Wall Street
U.S. National Register of Historic Places
Location: 23 Wall Street, Manhattan, New York City, New York
Built/Founded: 1924
Architect: Trowbridge & Livingston
Added to NRHP: June 19, 1972
NRHP Reference#: 72000874[1]

23 Wall Street or "The Corner" is an office building formerly owned by J.P. Morgan & Co. (later the Morgan Guaranty Trust Company) located at the southeast corner of Wall Street and Broad Street, in the heart of New York City's Financial District. Designed by Trowbridge & Livingston and completed in 1914,[2] the building was for years the headquarters of the powerful JP Morgan & Co. bank, earning the name "The House of Morgan". The building is known for its beautiful architecture and formerly for its well-appointed interior, including a massive crystal chandelier and English oak panelling.

Across the street from this building is the New York Stock Exchange and Federal Hall. Directly outside are entrances to the Broad Street station on the BMT Nassau Street Line of the New York City Subway.

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[edit] September 16, 1920 Bombing

Damage from the bombing on 23 Wall Street. Photo taken Jan. 2006.
Damage from the bombing on 23 Wall Street. Photo taken Jan. 2006.

On September 16, 1920, the building was the site of the Wall Street Bombing. 38 were killed and 400 injured by the bombing.[3] The building received heavy damage, with shrapnel entering the building through its large wide windows. To this day, the damage to the limestone façade is visible on the outside of the building, as the company said it would never repair the damage in defiance to those who committed the crime.

[edit] Recent History

In 1957 the building was linked to neighboring 15 Broad Street, a 42-story tower.[4] In 1989, JP Morgan moved its operations to 60 Wall Street, a larger and more modern building two blocks to the east.[citation needed] The building was extensively renovated in the 1990s as a training and conference facility for J.P. Morgan & Co., destroying the grand banking hall.[citation needed]

This building and 15 Broad Street were sold in 2003 for $100 million.[4] The two buildings have become a condominium development, Downtown by Philippe Starck, named for French designer Philippe Starck, one of a growing number of residential buildings in the Financial District.[4] Starck intends to make the roof of 23 Wall into a garden and pool, accessible to the residents of the development.[5]

[edit] References

  1. ^ NRHP
  2. ^ New York Architecture: Morgan Guaranty Trust Building. nyc-architecture.com. Retrieved on 2007-01-25.
  3. ^ Baily, Thomas A; Kennedy, David M. (1994). The American Pageant (10th ed.). D.C. Heath and Company. ISBN 0-669-33892-3. 
  4. ^ a b c Project Updates: 15 Broad Street. LowerManhattan.info. Retrieved on 2007-01-25.
  5. ^ David W. Dunlap. "Condos, Not Roll-Tops, on Finance's Holiest Corner", The New York Times, May 11, 2004. Retrieved on 2007-01-25. 

[edit] External links