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Broad Street (Manhattan)

Broad Street (Manhattan)Financial District, ManhattanStreets in Manhattan
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Broad Street is a north–south street in the Financial District of Lower Manhattan in New York City. Originally the Broad Canal in New Amsterdam, it stretches from today's South Street to Wall Street. The canal drew its water from the East River, and was infilled in 1676 after numerous fruit and vegetable vendors made it difficult for boats to enter the canal. Early establishments on Broad Street in the 1600s included the Fraunces Tavern and the Royal Exchange. Later on the area became the center of financial activity, and all smaller buildings in turn were replaced with grand banks and stock exchange buildings. Most of the structures that stand today date from the turn of the 20th century, along with more modern buildings constructed after the 1950s.

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Broad Street (Manhattan)
Beaver Street, New York Manhattan

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N 40.705 ° E -74.0116 °
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Beaver Street
10005 New York, Manhattan
New York, United States
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Drexel Burnham Lambert
Drexel Burnham Lambert

Drexel Burnham Lambert was an American multinational investment bank that was forced into bankruptcy in 1990 due to its involvement in illegal activities in the junk bond market, driven by senior executive Michael Milken. At its height, it was a Bulge Bracket bank, as the fifth-largest investment bank in the United States.The firm had its most profitable fiscal year in 1986, netting $545.5 million—at the time, the most profitable year ever for a Wall Street firm, and equivalent to $1.16 billion in 2021. Milken, who was Drexel's head of high-yield securities, was paid $295 million, the highest salary that an employee in the modern history of the world has ever received. Withal, Milken deemed his salary to be insufficient for his contributions to the bank, and received $550 million the next fiscal year.The firm's aggressive culture led many Drexel employees to stray into unethical, and sometimes illegal, conduct. Milken and his colleagues at the high-yield bond department believed the securities laws hindered the free flow of trade. Eventually, Drexel's excessive ambition led it to abuse the junk bond market and become involved in insider trading. In February 1990, Drexel was forced into Chapter 11 bankruptcy by the chairmen of the New York Federal Reserve and the Securities and Exchange Commission. It was the first Wall Street firm to be forced into bankruptcy since the Great Depression. After Drexel's collapse, Kurt Eichenwald of The New York Times noted that the bank "fueled many of the biggest corporate takeovers of the 1980s."

Broad Exchange Building
Broad Exchange Building

The Broad Exchange Building, also known as 25 Broad Street, is a residential building at Exchange Place and Broad Street in the Financial District of Lower Manhattan in New York City. The 20-story building was designed by Clinton & Russell and built between 1900 and 1902. The Alliance Realty Company developed the Broad Exchange Building as a speculative development for office tenants. The Broad Exchange Building is either 20 or 21 stories tall. its articulation consists of three horizontal sections similar to the components of a column, namely a base, shaft, and capital. The lowest three stories of the facade are clad with rusticated granite blocks; the fourteen-story shaft is clad with brick; and the top stories are clad with granite and terracotta, topped by a copper cornice. Inside, the building originally contained office space, but as of 2019, has 307 residential units. With 326,500 square feet (30,330 m2) of rental space in total, the Broad Exchange Building was Manhattan's largest office building upon its completion. Due to the Broad Exchange Building's proximity to the New York Stock Exchange Building, many financial firms sought space in the building. The Broad Exchange Building was sold off numerous times in the late 20th and early 21st centuries. The Broad Exchange Building was gutted and renovated into apartments in the late 1990s, and a southern wing of the building was demolished in the early 21st century. The building was added to the National Register of Historic Places (NRHP) in 1998, and was designated a city landmark by the New York City Landmarks Preservation Commission in 2000. It is also a contributing property to the Wall Street Historic District, a NRHP district created in 2007.

Marketfield Street
Marketfield Street

Marketfield Street is a short one-way, one-block-long alleyway in the Financial District of Manhattan, New York City. The street begins as a southern branch of Beaver Street, then veers east and north, ending at Broad Street. Alternative past names include Exchange Street, Field Street, Fieldmarket Street, Oblique Road, and Petticoat Lane.The name Marketfield Street is a translation from the Dutch. The street originally ran to the Dutch livestock market, Marcktveldt, located near where Battery Park is now, which was then outside the walls of the city. The market operated from 1638 to 1647. In 1641, the Governor-General of New Netherland, Willem Kieft, opened the colony's first cattle market there.By 1680, mainly poor people were living on Marketfield Street. In 1688, the city's first French Huguenot church was built there.In September 1776, Marketfield Street was part of the area devastated by the Great Fire of New York, which engulfed the southwestern tip of Manhattan. In 1821, a hurricane hit the East Coast, destroying the street's dock. In 1821, Marketfield Street, which overlooked the Hudson River, had a single name throughout its length, but by the 1830s, the street was renamed "Battery Place" from Bowling Green to the Hudson River. The 1882 construction of the New York City Produce Exchange demolished the block of the street that contained the French church.The American Bank Note Company Building at 70 Broad Street, between Marketfield and Beaver Street, was erected in 1908 as the headquarters of the American Bank Note Company.

56 Beaver Street
56 Beaver Street

56 Beaver Street (also known as the Delmonico's Building and 2 South William Street) is a structure in the Financial District of Manhattan in New York City, United States. Designed by James Brown Lord, the building was completed in 1891 as a location of the Delmonico's restaurant chain. The current building, commissioned by Delmonico's chief executive Charles Crist Delmonico, replaced Delmonico's first building on the site, which had been built in 1837. The building is a New York City designated landmark and a contributing property to the Wall Street Historic District, a National Register of Historic Places district. The eight-story structure, clad in brick, brownstone, architectural terracotta, occupies a triangular lot at the western corner of the five-pointed intersection of William, South William, and Beaver Streets. The facade is articulated into three horizontal sections similar to the components of a column, namely a two-story base, a five-story shaft, and a one-story capital. The building contains a curved corner with a portico that provides access to the restaurant on the lower stories. Inside, there is a restaurant space in the basement and first story, while the upper floors contain 40 condominiums. The current building opened on July 7, 1891, with the restaurant at the base and top floor, as well as office space on the third through seventh floors. After 56 Beaver Street was sold to the American Merchant Marine Insurance Company in 1917, the restaurant was closed and the building became an office structure known as the Merchant Marine House. The building was then sold twice in the 1920s before the City Bank-Farmers Trust Company foreclosed on the building in 1933. Oscar Tucci purchased the lower level and first floor, then opened a restaurant. Tucci eventually acquired the entire building in 1953, occupying all floors; his family continued to run the restaurant until the 1980s. The building's upper stories were renovated in the early 1980s, and Ed Huber operated Delmonico's there from 1982 to 1993. Time Equities acquired the building in 1995; converting the upper stories into apartments; the lower stories operated yet again as a restaurant from 1998 to 2020.

Stone Street (Manhattan)
Stone Street (Manhattan)

Stone Street is a short street in the Financial District of Manhattan in New York City. It runs in two sections between Whitehall Street in the west and Hanover Square in the east. The street originally ran as one continuous roadway from Whitehall Street to Hanover Square, but the section between Broad Street and Coenties Alley was eliminated in 1980 to make way for the Goldman Sachs building at 85 Broad Street. The one-block-long western section between Whitehall and Broad Streets carries vehicular traffic, while the two-block-long eastern section between Coenties Alley and Hanover Square is a pedestrian zone. Stone Street is one of New York's oldest streets, incorporating two 17th-century roads in the Dutch colony of New Amsterdam. In 1658 it became the first cobbled street in New Amsterdam. Following the British conquest of the colony, the street was called Duke Street before being renamed Stone Street, for its cobblestone paving, in 1794. Many of the early structures around Stone Street were destroyed in the Great Fire of 1835, after which Stone Street was redeveloped with stores and lofts for dry-goods merchants and importers. Following many decades of neglect, Stone Street was restored in the late 20th century and the eastern section became a restaurant area. Stone Street contains several prominent structures, including 1 Hanover Square, a National Historic Landmark. The eastern portion of the street and the surrounding buildings are designated as the Stone Street Historic District, which is both listed on the National Register of Historic Places and protected by the New York City Landmarks Preservation Commission. In addition, the remaining portions of the street are part of the Financial District's street layout, a city landmark.