37 Wall Street (Trust Company of America Building)
37 Wall Street | Financial District | built 1904
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The city photographed every building for its tax records around 1940 and again in the 1980s. NYC Municipal Archives.
Written with AI from the source each entry cites, then fact-checked.
- 1906
An earlier Metropolitan Trust Company building on this site is torn down for a 25-story skyscraper
The New-York Tribune reported on May 20, 1906 that the Trust Company of America was demolishing the Metropolitan Trust Company's building at 37-39 Wall Street, along with the neighboring United States Bank Building at 41-43. The paper marveled that a 10-story building was already being razed to make way for something taller. The company planned a 25-story tower on the combined plot, and demolition alone was budgeted at $12,000.
Source: Daytonian in Manhattan
- 1906
A burst steam pipe collapses 75 feet of Wall Street beside the half-built tower
Six months into construction, a 16-inch steam main belonging to the New York Steam Heating Company burst below Wall Street. Over 75 feet of asphalt-covered roadway sank between three and eleven feet, with a crash heard for blocks. Businessmen fled, fearing the Trust Company building would fall. The Foundation Company's treasurer said the building's footings were undamaged.
Source: Daytonian in Manhattan
- 1907
Francis H. Kimball's 25-story Beaux-Arts tower opens for a trust company
Kimball designed the marble-clad skyscraper on the combined sites of the former United States Bank Building and Metropolitan Trust Company, with six-story bay windows and carved lion heads and cherubs on its facade. The Trust Company of America occupied a two-story ground-floor banking room finished in mahogany, marble, and bronze.
Source: Daytonian in Manhattan
- 1907
A banking panic engulfs the building's main tenant
The Trust Company of America became a flashpoint of the Panic of 1907 after a failed scheme to corner the copper market triggered a run on New York trust companies. J.P. Morgan personally organized $8.25 million in loans to keep the company solvent and calm the broader panic.
Source: Daytonian in Manhattan
- 1921
Lawyers for John D. Rockefeller fight a federal tax suit from offices in the building
The law firm Murray, Prentice & Howland moved into 37 Wall Street in 1908 and stayed for decades, becoming Murray, Prentice & Aldrich. Its best-known and richest client was John D. Rockefeller. In 1921 the firm was in federal district court defending him against a government suit for $292,678.78 in unpaid income tax dating back to 1915.
Source: Daytonian in Manhattan
- 1954
The New York Institute of Finance, which taught securities markets, moves into the tower
In 1954 the New York Institute of Finance took space at 37 Wall Street. It began in 1921 solely to train Stock Exchange employees, opened to member firms' staff in 1930 and to the public in 1938. Enrollment peaked at 1,200 students in 1946, and most instructors were partners in Stock Exchange firms, according to a New York Times report of September 12, 1954.
Source: Daytonian in Manhattan
- 2006
Tiffany & Co. signs for the old banking hall as the tower becomes 373 rental apartments
The tower's old ground-floor space, 7,700 square feet, was leased to Tiffany & Co., which thus returned to Lower Manhattan. Real Estate Weekly reported the deal on June 28, 2006. Architect Costas Kondylis converted the office floors into 373 rental apartments with a gym, a lounge with pool tables, a screening room and a roof terrace.
“373 rental apartments and a 7,700-square-foot commercial space for Tiffany & Co's return to Lower Manhattan…”
Source: Wikipedia
Further reading
- 37 Wall StreetWikipedia
- Francis Kimball's 1907 -- 37 Wall Street Daytonian in Manhattan
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