American Bank Note Company Building

American Bank Note Company Building

Former headquarters of the American Bank Note Company
Location 70 Broad Street, New York, New York
Coordinates 40°42′17″N 74°0′42″W / 40.70472°N 74.01167°W / 40.70472; -74.01167Coordinates: 40°42′17″N 74°0′42″W / 40.70472°N 74.01167°W / 40.70472; -74.01167
Built 1908
Built by Hedden Construction Co.
Architect Kirby, Petit & Green
Architectural style Classical Revival
NRHP Reference # 99001436[1]
Significant dates
Added to NRHP November 30, 1999
Designated NYCL June 24, 1997

The American Bank Note Company Building is a historical building located at 70 Broad Street, New York, New York (at the corner of Beaver Street, near Bowling Green in Financial District, Manhattan).

Description

The building is a New York City landmark built by architects Kirby, Petit & Green.[2] It is a neo-classical five-story structure with 20,000 square feet [3] consisting of office space and luxury apartments on the upper floors.[4] According to a New York City realtor, the building is a residential, office, retail or mixed-use building.[2] Another Bank Note Company building, also a designated NYC Landmark, on Garrison Avenue in the Bronx borough of New York City, was the company's printing plant until the 1960s.[5]

History

It was built in 1908 as the home of the American Bank Note Company, a leading engraving company which produced bank notes, currency and stock certificates. The building was sold in 1988[6][7] The Bank of Tokyo sold the building in 1995 [8] and in 1996 it was remodeled into a restaurant and was given historical landmark status in 1997.[2] It was purchased for USD$5.5m in 2004 by Maharishi Mahesh Yogi's organization, the Global Country of World Peace (GCWP) and required $4.9 million in renovations.[3] It was sold to an unnamed Chinese construction and investment company for $18 million in 2010.[9] The Bronx Academy of Arts and Dance used to be located in the building.[10]

References

  1. ↑ National Park Service (2008-04-15). "National Register Information System". National Register of Historic Places. National Park Service.
  2. 1 2 3 Fractenberg, Ben (July 2, 2010). "Historical Financial District Landmark on Sale for $25 Million". DNAinfo.com. Archived from the original on August 4, 2010.
  3. 1 2 Aspan, Maria (July 2, 2007) Maharishi's Followers Set Up Shop, New York Times, accessed Dec 16, 2012
  4. ↑ Carmiel, Oshrat (December 28, 2009). "Wall Street Meditation Group Cuts Landmark Building Price 33%". Bloomberg.com. Archived from the original on August 4, 2010.
  5. ↑ Siegel, Nina (April 10, 2000) At Long Vacant Plant Dabs of Life New York Times, "in the early 1960's, the American Bank Note Company building in the Bronx was quite literally a capitalist machine", accessed Dec 17, 2012
  6. ↑ NYC Landmark Review
  7. ↑ Kathleen Howe (August 1999). "National Register of Historic Places Registration: American Bank Note Company Building". New York State Office of Parks, Recreation and Historic Preservation. Retrieved 2011-02-01. See also: "Accompanying 20 photos".
  8. ↑ Unknown Author (February 22, 1995) Eastern off to record start with $32M in sales (Eastern Consolidated Properties) Real Estate Weekly
  9. ↑ Barbanel, Josh (December 22, 2010). "Landmark Sold To Chinese Buyer". Wall Street Journal. p. A.24.
  10. ↑ https://www.nytimes.com/2014/04/28/nyregion/in-new-home-bronx-dance-academy-seeks-to-step-up-its-presence.html?_r=0
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