London Terrace Explained

London Terrace
Location Town:Chelsea, Manhattan, New York City
Location Country:United States
Mapframe-Wikidata:yes
Coordinates:40.7472°N -74.0019°W
Opened Date:1930
Architecture Firm:Farrar & Watmough

London Terrace is an apartment building complex in the Chelsea neighborhood of Manhattan in New York City. It occupies an entire city block on Manhattan's West Side, bounded by Ninth Avenue to the east, Tenth Avenue to the west, 23rd Street to the south, and 24th Street to the north. Construction began in late 1929 and cost more than $25 million on what was to be the largest apartment buildings in the world.[1]

London Terrace has about 1,700 apartments in 14 contiguous buildings of 17 to 19 stories, and an Olympic-sized swimming pool.[2] The complex was built by Henry Mandel Companies[3] and the architectural firm Farrar & Watmough. The building is operated by two entities: London Terrace Towers is a co-op and managed by Douglas Elliman Property Management;[4] London Terrace Gardens is a rental building, managed by Rose Associates.[5]

History

The name of the building stems from the former development also known as London Terrace, which consisted of roughly 80 houses resembling London flats. These were built in 1845 by Alexander Jackson Davis.[6] The location was selected by investor Henry Mandel due to the short walk to midtown Manhattan offices, as a way to provide modern low-priced housing for "white collar" workers. Victor C. Farrar, architect of London Terrace, compared the project to Rockefeller Center, and stated that large-scale projects conserve valuable space and rehabilitate the city with modern apartment buildings and stores.

Descendants of Clement Clarke Moore leased the property to Mandel in 1929, which permitted the demolition of the six-story "London Terrace" buildings and the smaller "Chelsea Cottage" in the rear, which were mostly constructed in 1845, after their 85-year leases expired.[7] Mandel stated that "The section which we will develop is one of the most logical areas in downtown section for the purpose... here may be found about the only unbroken rows of old-style buildings which lend themselves readily to destruction without the interference of newer structures. The convenience of the section to the midtown and shopping centers offers another logical reason for such development". The cornerstone was laid by Clement Clarke Moore, great-great-grandson of his namesake, in December 1929.[8] To finance construction of the complex, two separate $5.5 million bonds were issued, one for the "End Units" (now London Terrace Towers) and one for the "Garden Units" (now London Terrace Gardens), which leads to the buildings' bifurcated structure. The first buildings were opened for occupancy May 1930.[3]

When the complex was complete in November 1930, the population of the block increased from approximately 400 to roughly 5,000, making better use of the valuable real estate.[9] The complex included restaurants, swimming pool, gymnasium, and a "modernistic garage with club rooms for both patrons and chauffeurs". The pool was regularly used for swim meets. An internal dial telephone system connected the apartments and businesses in the complex.[10]

At the 1932 London Terrace Christmas party, Yankees baseball legend Babe Ruth dressed as Santa Claus and distributed gifts to hundreds of children. Some guests were residents of London Terrace, while others were invited by The Salvation Army. After handing out the gifts, Babe revealed his identity to wild shouts and cheers from the crowd. Babe and his wife thrilled the crowd by signing autographs and visiting apartments.[11]

The building fell into default in May 1933,[12] shortly after the complex was complete, due in part to the Great Depression. Henry Mandel entered into personal bankruptcy in 1932 with debts of more than $14 million .[13]

Three years after completion, on January 1, 1934, it was 94% rented (1,560 out of 1,665).[14] The property agent, William A. White & Sons credited this to four factors: the opening of the Independent Subway System's Eighth Avenue Line station at 23rd Street (hosting the current of the New York City Subway); lowered rental prices; advertising campaigns; and addition of facilities available to residents without charge.

Description

The London Terrace building contains approximately 1,700 apartments in 14 contiguous buildings of between 17 and 19 stories,[2] and was constructed by Henry Mandel Companies[3] and architectural firm Farrar & Watmough.[1] On the outside, the building still appears to be one large complex, but it is operated on the inside as two separate organizations, London Terrace Towers and London Terrace Gardens; many of the internal connections have been closed off. All London Terrace residents are still able to enjoy amenities such as the swimming pool, health club, roof deck,[15] and internal garden. However, whether the swimming pool at London Terrace is included in the rent has been disputed since 1992.[16] In, both the Gardens and the Towers have invested significant sums to modernize and repair the building.[17]

London Terrace is situated very close to the High Line and within less than 1miles of Penn Station, Chelsea Market, Chelsea Piers, and the Hudson River Park.

Notable residents

References

Notes

External links

Notes and References

  1. News: Block Development Will Benefit City; Architect Sees Solution of Many Civic Problems in Large Scale Construction. February 22, 1931. The New York Times. 0362-4331. 2023-03-12. April 8, 2023. https://web.archive.org/web/20230408204420/https://timesmachine.nytimes.com/timesmachine/1931/02/22/109343115.html. live.
  2. News: London Terrace Enters Middle Age Gracefully; 37-Year-Old Chelsea Project Retains Its Charm. Leonard. Neil. May 7, 1967. The New York Times. 0362-4331. 2023-03-12. April 8, 2023. https://web.archive.org/web/20230408204421/https://timesmachine.nytimes.com/timesmachine/1967/05/07/83598673.html. live.
  3. News: First Units Ready in London Terrace; Work on Nineteen-Story Apartment Hotels Is Expected to Start in July. May 11, 1930. The New York Times. 0362-4331. 2023-03-12. April 8, 2023. https://web.archive.org/web/20230408214345/https://timesmachine.nytimes.com/timesmachine/1930/05/11/97799797.html. live.
  4. Web site: London Terrace Towers Management. September 14, 2012. dead. https://web.archive.org/web/20120524101053/http://www.londonterracetowers.com/mgmt.html. May 24, 2012.
  5. Web site: London Terrace Gardens. September 14, 2012. dead. https://web.archive.org/web/20120903035253/http://www.londonterrace.com/index.htm. September 3, 2012.
  6. 763.
  7. News: Apartments Doom Old Chelsea Homes; $25,000,000 Project Planned by Mandel in Block From 23rd to 24th St., 9th to 10th Av.. The New York Times. March 6, 1929. 0362-4331. 2023-03-12. April 8, 2023. https://web.archive.org/web/20230408204431/https://timesmachine.nytimes.com/timesmachine/1929/03/06/121608698.html. live.
  8. News: Clement Moore Relic Used as Cornerstone, Is laid by Great Grandson of Author of 'Night Before Christmas.'. December 18, 1929. The New York Times. 0362-4331. 2023-03-12. April 8, 2023. https://web.archive.org/web/20230408204414/https://timesmachine.nytimes.com/timesmachine/1929/12/18/92037911.html. live.
  9. News: London Terrace in Modern Garb, Huge Apartments in Famous Chelsea Block Will Accommodate 5,000 Persons. November 16, 1930. The New York Times. 0362-4331. 2023-03-12. April 8, 2023. https://web.archive.org/web/20230408204405/https://timesmachine.nytimes.com/timesmachine/1930/11/16/118394464.html. live.
  10. News: Swim Crown Won by Miss Thorenz, German-American A. A. Star Takes Metropolitan Senior 100-Yard Breast-Stroke Title. April 13, 1932. The New York Times. 0362-4331. 2023-03-12. April 8, 2023. https://web.archive.org/web/20230408204405/https://timesmachine.nytimes.com/timesmachine/1932/04/13/100715385.html. live.
  11. News: Babe Ruth is Santa at London Terrace, Distributes Gifts to Chelsea Children at Special Fete Before Revealing Identity. December 25, 1932. The New York Times. 0362-4331. 2023-03-12. April 8, 2023. https://web.archive.org/web/20230408204432/https://timesmachine.nytimes.com/timesmachine/1932/12/25/100885372.html. live.
  12. News: Investors' Guide: London Terrace Apartments. 2023-03-12. September 3, 1937. Chicago Daily Tribune. March 12, 2023. https://web.archive.org/web/20230312160004/https://www.newspapers.com/clip/120701829/london-terrace-apartments/. live.
  13. News: Receiver is Named for Henry Mandel. March 13, 1932. The New York Times. 0362-4331. 2023-03-12. April 8, 2023. https://web.archive.org/web/20230408204406/https://timesmachine.nytimes.com/timesmachine/1932/03/13/100694162.html. live.
  14. News: London Terrace Now 94% Rented, 4,300 Persons Under One Roof in New York. February 18, 1934. 0190-8286. The Washington Post. R3. .
  15. Web site: London Terrace Towers – About the Building. September 28, 2012. dead. https://web.archive.org/web/20120524101133/http://www.londonterracetowers.com/building.html. May 24, 2012.
  16. Web site: Tenants gain in heated battle over pool at London Terrace . The Real Deal . August 5, 2014 . September 28, 2014 . Jones, David . October 6, 2014 . https://web.archive.org/web/20141006103118/http://therealdeal.com/blog/2014/08/05/agency-backs-tenants-in-heated-battle-over-pool-at-london-terrace/ . live .
  17. News: Gregor. Alison. A Restoration Revealed Piece by Piece. The New York Times. July 10, 2011. February 27, 2017. October 6, 2014. https://web.archive.org/web/20141006071921/http://www.nytimes.com/2011/07/10/realestate/restoration-of-london-terrace-gardens-nears-completion.html?pagewanted=all&_r=0. live.
  18. Web site: Larocca. Amy. September 22, 2003. Enter, Chelsea F.C.. New York. September 21, 2012. January 4, 2011. https://web.archive.org/web/20110104120438/http://nymag.com/nymetro/news/people/features/n_9232/. live.
  19. News: Barker. Olivia. This Apartment is a Guide to Tim Gunn's Style; Bravo Show Keep Him Busy; New Digs Keep Him Happy. USA Today. August 31, 2007.
  20. Web site: Odell. Michael. June 11, 2011. Debbie Harry- Still bold, still blonde. The National. September 21, 2012. dead. https://web.archive.org/web/20140728045039/http://www.thenational.ae/arts-culture/music/debbie-harry-still-bold-still-blonde. July 28, 2014.
  21. Web site: Salkin. Allen. August 2, 2009. Photographer Annie Leibovitz owes $24 million, may lose rights to her pictures. The Seattle Times. September 21, 2012. dead. https://web.archive.org/web/20150402140014/http://o.seattletimes.nwsource.com/html/nationworld/2009584090_leib02.html. April 2, 2015.
  22. Web site: THE JOHN O'HARA SOCIETY. oharasociety.blogspot.com. August 3, 2015. April 2, 2015. https://web.archive.org/web/20150402161648/http://oharasociety.blogspot.com/2012/10/ohara-in-new-york-city-by-richard.html. live.
  23. Web site: London Terrace Towers. City Realty. October 20, 2019. October 20, 2019. https://web.archive.org/web/20191020210952/https://www.cityrealty.com/nyc/chelsea/london-terrace-towers-470-west-24th-street/apartment-19E-F/sold/A241877. live.
  24. Web site: Stiffler. Scott. May 7, 2010. Q&A with Quinn reveals positions on affordable housing, Chelsea citizenship. Chelsea Now. September 21, 2012. dead. https://archive.today/20130119033545/http://chelseanow.com/articles/2010/05/07/features/doc4bd9d183afed3167408078.txt. January 19, 2013.
  25. Web site: Diduch. Mary. April 29, 2019. These are some of the most notable resi sales of the week. The Real Deal. October 20, 2019. October 20, 2019. https://web.archive.org/web/20191020204352/https://therealdeal.com/2019/04/29/these-are-some-of-the-most-notable-resi-sales-of-the-week-8/. live.
  26. Web site: Abelson. Max. April 29, 2019. Park Slope Celebrity Tour!. The New York Observer. September 21, 2012. April 15, 2012. https://web.archive.org/web/20120415180819/http://www.observer.com/2006/10/park-slope-celebrity-tour/. live.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "London Terrace".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.