The Woolworth Building

June 13, 2014

 

233 Broadway (between Park Place and Barclay)

 

The Woolworth Building was designed by architect Cass Gilbert in the neo-Gothic style to house the F.W. Woolworth Company's corporate headquarters. At the time of its completion in 1913, the 792-foot building was the tallest in the world and boasted 60 stories and over 5,000 windows.

 

The Woolworth Company began as a single 5-cent store in 1879. The concept expanded to include 10-cent merchandise, and the first "five-and-dime" store grew into 586 stores nationwide. By the late 20th century, most of Woolworth's discount stores were gone: rebranded, shut down, or sold to Walmart. Since 2001, the Woolworth empire is largely limited to its top-performing retailer -- Foot Locker. F.W. Woolworth's granddaughter, socialite/heiress Barbara Hutton (the "Poor Little Rich Girl"), brought notoriety to the Woolworth family through her lavish yet very troubled life. 

 

The building has housed numerous tenants through the years: corporate offices for many retailers, Columbia Records, Fordham and NYU education facilities, a federal probation office. Most recently, developer Alchemy Properties began converting the top 30 floors of the building into 34 condominiums. This month preliminary pricing on the nine-story penthouse was revealed to be a whopping $110 million!

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Isil Yildiz Team

 

Compass 

110 5th Avenue

New York, NY 10011

(P) 985-714-4470

isil@compass.com

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Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is not intended to solicit property already listed.