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| Article Page url: http://www.thehistorybox.com/ny_city/society/printerfriendly/nycity_society_registers_article00188.htm | |||||||||||||
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Social Centre is Moving Eastward
Toward Park Avenue: 1913 Centre Now Placed at Madison Avenue and Sixty-fourth Street. New York's social centre is moving eastward. It is breaking away from Fifth Avenue, and, under the magnetizing force of Park Avenue, is being gradually drawn toward that thoroughfare. Never before, since the social
records of the city have been
kept, has society, figuratively
speaking, taken so big a jump
eastward as this season. Two years
ago the social centre was placed
by The New York Social Register on
the east side of Fifth Avenue,
between Sixty-second and
Sixty-third Streets. This year it
is established on the southeast
corner of Madison Avenue and
Sixty-fourth Street, the site of
the Verona, one of the finest
apartment houses on the avenue,
and which was put up some ten or
twelve years ago, when it seemed
to many that Madison Avenue was
destined to be the choice
apartment thoroughfare of the east
side. This private-house development
of the avenue on high-class lines
has been an interesting feature in
the new era which has opened for
Park Avenue within the last few
years. Elaborate as it has been in
some respects, as shown by the
handsome new residences of Percy
R. Pyne on Sixty-seventh Street,
Jonathan Bulkeley on Sixty-fourth
Street, Geraldyn Redmond on
Sixty-ninth Street, now nearing
completion; George Blumenthal at
Seventieth Street, George S.
Brewster at Seventy-first Street,
Oakleigh Thorne at Seventy-third
Street, and the Pinchot and De
Koven residences at Eighty-fifth
Street, the private house growth
or improvement is but incidental
to Park Avenue's distinguishing
characteristic, its long chain of
sumptuous apartment houses
stretching all the way from
Thirty-second nearly to
Eighty-sixth Street. In less than ten years about
Twenty-five high class
Twelve-story houses have gone up
and within the last two years the
decision of the New York Central
Railroad to close up the open cut
south of Fifty-ninth Street and
build suitable thoroughfares to
the cross streets has made all the
blocks below Fifty-ninth Street to
the railroad yards at about
Fiftieth Street available for high
Class improvement similar to the
blocks north of Fifty-ninth
Street. This development, which is
well under way seems destined to
continue actively for many years. Douglas L. Elliman, who has been actively identified with many of the large real estate movements which have brought about the present-day transformation, says that Park Avenue is regarded as better and stronger to-day than it has ever been. Despite the mediocre apartment renting season, Park Avenue added over half a dozen large houses to its list, including two or three adjoining on the side streets, and they all rented readily. In the seventeen-story house at Seventy-ninth Street, erected by Bing & Bing, the seventeen suites were rented early at from $12,000 to $14,000 per year. What will take rank as one of the best on the avenue is now under construction on the north-west corner of Sixty-sixth Street by the Fullerton-Weaver Company. There will be but one apartment on a floor of eighteen rooms and six baths, and the rental will be $12,000. "Fully 400 to 500 fine
apartments have been put on the
market this season in and adjacent
to Park Avenue," said Douglas L.
Elliman. "This, taken into
consideration with the rapid
annual growth during the last five
years, gives some idea of these
remarkable east side changes, and
will serve to explain the social
movement away from Fifth Avenue.
The bright feature about this
change is its apparent permanency.
Most of the expensive leases are
taken on five-year terms, and the
steady demand for large suites of
$5,000 and over has been well
sustained. The character and
standing of the private house
residents who have built their own
dwellings or are planning to, in
the private residential blocks are
all an added proof of the
long-contained stability assured
for this wide east side
thoroughfare."
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