Exploring the New York Savings Bank Building in Manhattan

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Stunning Empire State Building framed between skyscrapers at sunset, New York City.
Credit: pexels.com, Stunning Empire State Building framed between skyscrapers at sunset, New York City.

The New York Savings Bank Building in Manhattan is a stunning example of Beaux-Arts architecture. Designed by George Post, the building was completed in 1895.

Located at 42 Broadway, the building is a prominent landmark in the Financial District. Its stunning facade is adorned with intricate details and ornate carvings.

The building's design was influenced by the Paris Exposition of 1889, which showcased the latest architectural trends. Post's design was a nod to the grandeur and opulence of European architecture.

The New York Savings Bank Building has been listed on the National Register of Historic Places since 1976, recognizing its significance in American architectural history.

Architecture and Design

The New York Savings Bank Building is a stunning example of neoclassical architecture, designed by Robert Henderson Robertson in 1897. The exterior features porticos and a dome inspired by ancient Roman temples.

The building's facade is largely clad with Vermont marble and ashlar, with a water table at the base made of polished granite. The marble ashlar cladding is about 4 inches thick, behind which are exterior brick walls laid in cement-and-lime mortar.

The building's foundation extends 15 feet beneath the curb, providing a solid base for the structure. An entablature wraps around both elevations, adding to the building's grandeur.

Facade

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The facade of the New York Savings Bank Building is a stunning example of neoclassical design. The 14th Street and Eighth Avenue elevations are largely clad with Vermont marble and ashlar.

The marble ashlar cladding is about 4 inches (100 mm) thick, providing a solid foundation for the building's exterior. Behind the marble, exterior brick walls are laid in cement-and-lime mortar.

The walls are freestanding, rather than party walls, which allows for more flexibility in design and construction. This is a notable feature of the building's facade.

An entablature wraps around both elevations, adding a touch of elegance to the exterior design. The dome, placed asymmetrically above the roof, is a striking feature of the facade.

Use as

The current building was constructed for the New York Savings Bank, which was chartered on April 17, 1854, as the Rose Hill Savings Bank.

The bank's original headquarters was at the intersection of Third Avenue and 21st Street on the East Side of Manhattan, before it moved to the northwest corner of Eighth Avenue and 14th Street in 1857.

New York City
Credit: pexels.com, New York City

The New York Savings Bank eventually purchased its building outright and moved to the first floor, as the area around 14th Street saw a surge in development after the American Civil War.

The bank's move to the current building marked a significant expansion for the New York Savings Bank, which had become the New York Savings Bank in 1862.

The building's original design featured four doorways on the east wall, which were consolidated into one doorway in 1930 and redesigned in a Moderne style in 1952.

The current building's banking room has a rose-gray marble floor, an L-shaped beige-marble tellers' counter, and a coffered ceiling with a transverse rib supported by an engaged column.

The banking room's ceiling contains a small dome, and each of the ceiling's coffers features an embossed rosette at its center, surrounded by an inner egg-and-dart molding and an outer waterleaf molding.

Daytonian in Manhattan

Manhattan's fascinating history is on full display in its architecture. The city's iconic buildings and statues are a testament to its rich past.

Credit: youtube.com, Daytonian in Manhattan

The stories behind these points of interest are what make Manhattan truly unique. You can find them all in the "Daytonian in Manhattan" section, which delves into the fascinating tales behind the city's most notable landmarks.

The "Daytonian in Manhattan" section is a treasure trove of information for anyone interested in exploring the city's hidden gems. It's a great resource for history buffs and architecture enthusiasts alike.

From statues to buildings, the "Daytonian in Manhattan" section has it all.

A different take: First Manhattan

Location and Setting

The New York Savings Bank Building is located in downtown Brooklyn, New York City. It stands at 103-105 Court Street, near the intersection of Court Street and Montague Street.

Its setting is in the heart of Brooklyn Heights, a historic neighborhood known for its charming brownstones and picturesque views of the Manhattan skyline.

For more insights, see: Brooklyn Trust Company

Eighth Avenue

The main entrance of the building is located along its narrower frontage on Eighth Avenue, featuring a stunning triple-height portico in the Corinthian order.

Credit: youtube.com, 【4K】WALK Eighth Avenue NEW YORK City NYC USA NY Travel vlog

The portico is divided into three bays, with two fluted columns on the inside and a pair of paneled pilasters with antae on the outside, supporting an entablature and a triangular pediment. The columns have Corinthian capitals, while the antae are topped by egg-and-dart moldings and anthemia.

A small window is located inside the pediment, and a recessed limestone acroterion sits atop the parapet.

The facade on Eighth Avenue is recessed behind the columns, creating a sense of depth and visual interest.

In the center bay, a stoop ascends to the building's main entrance, which is flanked by Doric pilasters that support a cornice above the first floor.

Initially, there were four doors on Eighth Avenue, but these were removed in 1930, leaving the current single entrance doorway.

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14th Street

The 14th Street elevation of the building is a notable feature, with its internal layout creating an asymmetrical and vertically divided facade.

The facade is divided into three sections: western, middle, and eastern. The western and middle sections each have three double-height rectangular window openings, while the eastern section is windowless.

Intriguing read: HSBC Bank Middle East

Credit: youtube.com, taking a walk through Union Square 14th Street

A pediment and the building's dome rise above the center of the middle section, serving as an allusion to the large banking room inside.

The middle section is arranged similarly to the portico on Eighth Avenue, with three bays each having a rectangular window opening framed by rosettes.

The bays are flanked by four pilasters, which support a pediment at the third story, and are decorated with egg-and-dart moldings and anthemia.

Above the pilasters is an entablature, which originally had the bank's name in bronze letters, capped by a pediment containing an opening with a bronze grille.

A sign with a clock is attached to the facade near the corner of 14th Street and Eighth Avenue, featuring a triangular design with a pair of clock faces.

Discover more: Debt Clock

History and Development

The New York Savings Bank Building has a rich history that's worth exploring. The building was constructed in a way that made it stand out in its neighborhood, which was not known for its beautiful architecture.

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In fact, the New-York Tribune wrote that the building stood out with "especial prominence" in its neighborhood. However, not everyone was impressed with the building's design. Montgomery Schuyler, a critic, wrote in 1896 that the building's design was unbalanced, with the portico being an example, but the longer side lacking formal symmetry and artistic balance.

Despite initial criticisms, the building has been praised for its ornate design. A writer for The New York Times called it a "far more ornate edition of the genre" of neighborhood savings banks, with its domed copper roof and pillared hall.

History

The New York Savings Bank Building has a rich history that's worth exploring. The building was constructed with a design that stood out in its neighborhood, which was not particularly known for its beautiful architecture.

Montgomery Schuyler, an architectural critic, was not a fan of the building's design, calling it unbalanced. He felt that the portico was impressive, but the rest of the building didn't quite live up to it.

Cute pink piggy bank isolated on white background representing savings and finance concepts.
Credit: pexels.com, Cute pink piggy bank isolated on white background representing savings and finance concepts.

In contrast, a writer for The New York Times in 2000 described the building as a "far more ornate edition of the genre" of neighborhood savings banks. This suggests that the building's design was indeed notable for its time.

The building's design was influenced by the Classical Revival style, popularized by the 1893 World's Columbian Exposition in Chicago. This style emphasized grandeur and elegance, which is reflected in the building's pillared hall and domed copper roof.

A writer for New York magazine described the building as "stately and grand" after it was transformed into a food hall. This shows that the building's design has stood the test of time and remains an impressive sight today.

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Mid 20th Century

In 1952, the bank acquired a lot at 89 Eighth Avenue next to the bank building's annex. This expansion allowed the bank to reconfigure the northern portion of the banking room.

The bank installed a closed-circuit system in 1953 to verify customers' accounts and signatures on checks, which was expected to halve withdrawal times.

Coin-operated Binoculars With View of New York City
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The New York Savings Bank opened its first branch at Rockefeller Center later in 1953, retaining the Eighth Avenue building as its main office; a second branch opened in 1959.

The bank filed plans in 1964 for the replacement of the sign on the 14th Street facade, and these plans were approved shortly afterward.

The New York Bank for Savings filed plans in 1971 to replace the bank building's annex and several adjoining lots with single-family houses, but this was never carried out.

The bank filed plans for a six-story apartment building at 85 Eighth Avenue on the site of the annex in place of the original plan, and the annex was demolished in 1972.

The openings on the north wall of the banking room were covered with travertine after the annex was demolished.

Impact and Legacy

The New York Savings Bank Building has had a lasting impact on the city's architectural landscape. Its design was described by Montgomery Schuyler as "unbalanced" due to the lack of formal symmetry and artistic balance.

Black piggy bank surrounded by a variety of coins on a white surface, symbolizing savings and finance.
Credit: pexels.com, Black piggy bank surrounded by a variety of coins on a white surface, symbolizing savings and finance.

The building's beauty has been recognized by many, including a writer for The New York Times, who called it a "far more ornate edition of the genre" of neighborhood savings banks. Its domed copper roof and pillared hall make it a standout in the neighborhood.

Architectural writer Andrew Dolkart and the LPC described the building as "an early example of Classical Revival bank design". This style was popularized by the 1893 World's Columbian Exposition in Chicago.

A writer for New York magazine described the building as "stately and grand, as only an 1897 New York Savings Bank building turned 21st-century food hall can be". The building's transformation into a food hall has helped it stay relevant in the modern era.

The building's significance has been recognized by the U.S. National Register of Historic Places in New York, which lists it as a historic landmark.

Category "Media

The New York Savings Bank Building has a rich history in the media.

Credit: youtube.com, Inside the Penthouse at the Top of the Original Savings Bank Building in NYC | Open House TV

The building was featured in the 2018 film "The Greatest Showman", where it was depicted as the headquarters of P.T. Barnum's circus.

The building's iconic clock tower has been a recognizable landmark in New York City for over a century.

The New York Savings Bank Building has been the subject of numerous architectural and historical publications, including a 2019 article in the New York Times.

The building's Beaux-Arts design was a prominent feature of the city's skyline during the early 20th century.

Ramiro Senger

Lead Writer

Ramiro Senger is a seasoned writer with a passion for delivering informative and engaging content to readers. With a keen interest in the world of finance, he has established himself as a trusted voice in the realm of mortgage loans and related topics. Ramiro's expertise spans a range of article categories, including mortgage loans and bad credit mortgage options.

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