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Coordinates: 40°42′17″N 74°00′48″W / 40.7046°N 74.0133°W / 40.7046; -74.0133

2 Broadway is an office building at the south end of Broadway, near Bowling Green Park in New York City. 2 Broadway was built on the site of the Produce Exchange Building, and now houses the headquarters of the Metropolitan Transportation Authority.

2 Broadway
Bowling Green 8921.JPG
General information
TypeOffice
Architectural styleInternational
Address2-8 Broadway
Town or cityFinancial District, Manhattan, New York City, New York
CountryUnited States
Coordinates40°42′17″N 74°00′48″W / 40.7046°N 74.0133°W / 40.7046; -74.0133
Construction started1958
Completed1959
Renovated1999
Height421 feet (128 m)
Technical details
Floor count32
Design and construction
Architecture firmEmery Roth & Sons
Renovating team
Renovating firmSkidmore, Owings & Merrill
References
[1]
New York Produce Exchange (1883)

Contents

Description and historyEdit

The Produce Exchange was a representative structure of brick with terracotta decorations. Its grand skylighted hall, based on French retail structures, cast daylight into the lower floors. Its architect was George B. Post, who built it from 1881–84.

The Produce Exchange Building was demolished in 1957 and replaced by a 32-story tower constructed in 1958-1959. The developer, Uris Buildings Corporation, first preferred a design by William Lescaze with Kahn & Jacobs, which featured a tower slab set at right angles to Broadway. However, ultimately Emery Roth & Sons was given the contract, which saw a radically different design which would fill most of the lot, with the building rising in triple setbacks. The facade is now covered in blue-green tinted glass.[2]

In the 1990s, the Metropolitan Transportation Authority was vacating its headquarters at 370 Jay Street in Downtown Brooklyn. The MTA rented space in 2 Broadway where it moved some of its operations.[3][4] In 1995, Tamir Sapir, a Russian immigrant and cab driver turned real-estate investor, bought 2 Broadway for $20 million, with the MTA as the only tenant in the building. The MTA signed a 49-year lease in July 1998, shortly after selling its New York Coliseum. Shortly after, Sapir and the MTA agreed to conduct $39 million worth of renovations to 2 Broadway. However, the renovations had become delayed and over budget, and Sapir and the MTA became involved in numerous lawsuits and countersuits. By 2000, the renovations were expected to cost $135 million.[5] By 2003, the cost of the renovations had risen to $435 million. Part of the budget increase was attributed to corruption by contractors who were renovating the buildings.[6] One such contractor was later ordered to pay restitution to the MTA for corruption.[7]

In popular cultureEdit

ReferencesEdit

  1. ^ "2 Broadway". Emporis. Retrieved 14 March 2017.
  2. ^ "2 Broadway". Nyc-architecture.com.
  3. ^ "Saying Farewell to an Old Friend". Metropolitan Transportation Authority. April 26, 2012. Retrieved October 14, 2016.
  4. ^ Spellen, Suzanne (January 16, 2013). "Building of the Day: 370 Jay Street". Brownstoner. Retrieved October 14, 2016.
  5. ^ Bagli, Charles V. (2000-08-09). "Brass Knuckles Over 2 Broadway; M.T.A. and Landlord Are Fighting It Out Over Rent and Renovations". The New York Times. Retrieved 2018-06-20.
  6. ^ "BUILDING BLOCKHEADS – MTA'S HQ RENOVATION $300M OVER BUDGET". New York Post. 2003-05-05. Retrieved 2018-06-20.
  7. ^ "MTA Gets $6.5 M. for 2 Broadway Mess". Observer. March 13, 2007. Retrieved 2018-06-20.

External linksEdit