Fred F. French Explained

Frederick Fillmore French
Birth Date:14 October 1883
Birth Place:Manhattan, New York
Education:Horace Mann School, Columbia University
Occupation:Real estate developer
Spouse:Cordelia W. French
Children:4

Frederick Fillmore French (October 14, 1883 – August 30, 1936) was a real estate developer active primarily in New York City. His largest developments include the Fred F. French Building, Tudor City, and Knickerbocker Village.

Biography

He was born in Manhattan, New York City, on October 14, 1883, and initially lived at East 86th Street on the Upper East Side.[1] [2] His middle name, Fillmore, honored his great-uncle on his mother's side, President Millard Fillmore. He grew up at East 162nd Street in the Bronx and attended the Horace Mann High School through a Pulitzer scholarship.[3] Although French's mother was a college graduate, his father was a poor cigar maker who died when French was young. French was the oldest of four siblings and, in his youth, supported his family by taking part-time jobs.

After graduating high school, French went to Princeton University for one year before moving to Mexico "for a taste of ranching". In 1905, he returned to New York City and started taking engineering classes at Columbia University.

Career

French founded the Fred F. French Companies in 1910, aged 27, with one boy on his payroll and a $15 per week salary for himself. French's first purchase was his Bronx house. French prospered in spite of a "betrayal by his first partner", and in 1920, took out a loan to build a 16-story building at 41st Street and Madison Avenue in Midtown Manhattan. By the early 1920s, French's former Columbia professor and some of his early employers were working for him. In 1925, the French Companies commissioned the Fred F. French Building at Fifth Avenue and 45th Street as its new headquarters. At the time of the French Building's 1927 completion, the company was involved in at least $90 million worth of investments. French built Tudor City, a housing development on Manhattan's East Side, for the rising middle class in the 1920s.[4] Early the following decade, he also developed Knickerbocker Village, middle-class housing on the Lower East Side between the Brooklyn Bridge and the Manhattan Bridge. His original intention for the project was to build housing for "junior Wall Street executives".[5] Knickerbocker Village was important in the history of landlord–tenant law. When the tenants were to take possession of their apartments, they found conditions to be unlivable.[6] [7] The tenants formed the Knickerbocker Village Tenants Association and started a strike, withholding their rent checks until their grievances were dealt with. The conflict that arose from the tenants' dissatisfaction led to New York City's rent control laws.

French was reportedly most interested in his work, and he supposedly had few acquaintances. One aspect of his work was what he called the "French Plan" which prioritized small returns on large ventures, rather than large returns on small ventures. As such, the French Companies were split into several smaller companies, which handled investment, design, construction, and management. After constructing a development, the French Companies turned it over at its actual cost, without additional expenses. Before the construction of the Fred F. French Building, the French Plan was applied exclusively to small residential developments. In addition to Tudor City and Knickerbocker Village, French was also involved in the planning of what would have been the world's tallest building on Sixth Avenue, although this plan was abandoned in 1932.[8]

Personal life

French was married to Cordelia Williams, with whom he had four children:[9]

The Frenches lived at 1140 Fifth Avenue in New York City.[9]

He died on August 30, 1936, of a heart attack at his summer home, Hammersley Hills, in Pawling, New York, that he had been going to since 1929.[12] [13] His estate was valued at under $10,000 and did not include any real estate holdings.[14]

Legacy

The life of Fred F. French and his contribution to the development of New York City was covered in detail by Alexander Rayden in "The People's City, A History of the Influence and Contribution of Mass Real Estate Syndication in the Development of New York City".[15] [16]

External links

Notes and References

  1. Web site: March 18, 1986. Fred F. French Building. October 8, 2020. New York City Landmarks Preservation Commission. 2–3.
  2. Web site: December 19, 2003. Fred F. French Building. October 8, 2020. National Register of Historic Places, National Park Service. 14–15. .
  3. News: Irving S. Broun, Realty Man, Dies. Retired President of Fred French Investing Was 82. . . January 4, 1969 . January 14, 2009 .
  4. News: Mrs. Frederick French . . October 31, 1960 . January 14, 2009 .
  5. News: Knickerbocker Village . https://web.archive.org/web/20090130100535/http://www.time.com/time/magazine/article/0,9171,747998,00.html . dead . January 30, 2009. . January 14, 2009 . October 15, 1934.
  6. Who in the World Was Fred F. French? . James . Morrison . . Autumn 1998 . May 4, 2008 .
  7. Book: Naison, Mark. The Tenant Movement in New York City, 1904-1984. 0-8135-1203-4. Lawson. Ronald. From Eviction Resistance to Rent Control – Tenant Activism in the Great Depression: The rebirth of Activism. May 4, 2008. Naison. Mark. http://www.tenant.net/Community/history/hist03f.html. registration.
  8. News: August 23, 1932. 6th Av. Tower Plan Finally Abandoned. en-US. The New York Times. October 8, 2020. 0362-4331.
  9. News: Special To The New York Times. FRED F. FREHGH DIES $tlDDEHLY IJP-STATE; Leader in Developing New York Residential Sections Rose From Poverty, HAD NOVEL FINANCE PLAN Tudor .City and Knickerbocker; Village Were the Builder's Chief Accomplishments. October 28, 2016. The New York Times. August 31, 1936.
  10. Web site: John Winslow French '39 *42. Princeton Alumni Weekly. October 28, 2016. January 21, 2016.
  11. Book: Alpern. Andrew. Luxury Apartment Houses of Manhattan: An Illustrated History. 1992. Dover Publications. New York. 9780486273709. October 28, 2016. en.
  12. News: Died . https://web.archive.org/web/20081215090034/http://www.time.com/time/magazine/article/0,9171,847839,00.html . dead . December 15, 2008 . . January 14, 2009 . September 7, 1936.
  13. News: Fred F. French Dies Suddenly. . August 30, 1936. January 14, 2009 .
  14. News: F.F. FRENCH'S WILL FILED; Builder's Estate, With No Realty, Valued at 'Less Than $10,000.'. October 28, 2016. The New York Times. September 4, 1936.
  15. http://www.thepeoplescity.com www.thepeoplescity.com
  16. Web site: 'French Plan' ahead of its time. Greg Aunapu. May 29, 2009. The Real Deal New York.