American Bank Note Company Building

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

American Bank Note Company Building
NYC Landmark No. 1955
Former headquarters of the American Bank Note Company
Location70 Broad Street, New York, New York
Coordinates40°42′17″N 74°0′42″W
Built1908
Built byHedden Construction Co.
ArchitectKirby, Petit & Green
Architectural styleClassical Revival
NRHP reference No.99001436[1]
NYCL No.1955
Significant dates
Added to NRHPNovember 30, 1999
Designated NYCLJune 24, 1997

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 (1,900 m2) [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] The American Bank Note Company Printing Plant, built at the same time and also a designated NYC Landmark, was the company's printing plant until the 1960s.[5]

History

The building was erected in 1908 as the home of the American Bank Note Company, a leading engraving company which produced bank notes, currency, stamps, and stock certificates. It was sold in 1988 to The Bank of Tokyo,[6][7] which in turn sold it in 1995.[8] It was remodeled into a restaurant in 1996 and given historical landmark status in 1997.[2] It was purchased for USD$5.5 million 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]

See also

References
  1. "National Register Information System". National Register of Historic Places. National Park Service. April 15, 2008.
  2. 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. 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. Archived from the original on 2012-10-19. Retrieved 2011-02-01. See also: "Accompanying 20 photos". Archived from the original on 2012-10-19.
  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.
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