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N.Y. Times Article:
Merchant Marine
House Sold to Insurance Company
of North America
(1919)
The Merchant Marine House ( a.k.a. The Delmonico Building ). This building at Beaver and South William Streets - the second to occupy the site - was built in 1891 by the Delmonico Family whose widely acclaimed restaurant occupied the ground floor. ( The ubiquitous Produce Exchange can be seen in the right background. ) Construction of the new Cotton Exchange Building across the street, and plans to build a Coffee Exchange Building next to that, inspired the Delmonicos to branch out into commercial leasing. The building still stands today. [ Continued ]
REFERENCES: First Delmonico Building, N.Y. Produce Exchange, Second Cotton Exchange, Coffee Exchange, Delmonico Building today
REFERENCES: First Delmonico Building, N.Y. Produce Exchange, Second Cotton Exchange, Coffee Exchange, Delmonico Building today
The Own-Your-Own-Home Movement in Shipping
[ From The Rudder Magazine, pp. 6, 9 ( 1920 ) ]
"In 1914 in all New York City there were only three buildings owned and occupied by shipping interests. Today [ 1920 ] there are seventeen built, building or to be built. These properties represent an investment of well over $20,000,000 and they include some of the finest examples of architecture in the country.
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Marine insurance interests have also been prominent recently in the general movement towards securing quarters of their own. The old Delmonico Building on the point of the wedge between Beaver and South William Streets, has now become Merchant Marine House. The property was bought in August, 1917, for $750,000 by the American Merchant Marine Insurance Company. The structure, eight stories in height, with an extension, is now tenanted solely by marine insurance underwriters and brokers." [ Continued ]
