'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.
September 16, 1920 Bombing
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.
Recent History
In 1957 the building was linked to neighboring
15 Broad Street, a 42-story tower.
[ Project Updates: 15 Broad Street ] In 1989, JP Morgan moved its operations to
60 Wall Street, a larger and more modern building two blocks to the east. The building was extensively renovated in the 1990s as a training and conference facility for J.P. Morgan & Co., destroying the grand banking hall.
This building and 15 Broad Street were sold in 2003 for $100 million.
[ 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.][ Starck intends to make the roof of 23 Wall into a garden and pool, accessible to the residents of the development.[4]]
References
1. NRHP
2. New York Architecture: Morgan Guaranty Trust Building
3. The American Pageant (10th ed.), , Thomas A, Baily, D.C. Heath and Company, 1994,
4. Condos, Not Roll-Tops, on Finance's Holiest Corner
External links
★ 23 Wall Street at NYC-architecture.com
★ Downtown by Philippe Starck condominium development
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