In 1915 the Budd haberdashery was surrounded by equally high-end shops -- photo collection of the Museum of the City of New York |
Between 46th and 47th Streets on the
east side of the avenue, the elaborate Beaux Arts style Windsor Arcade engulfed
the block front. On the west side the
Chevalier mansion at No. 574 had been transformed in 1903 into a Northern
Renaissance fantasy to house upscale retail shops. Its next door neighbor at No. 572 had also
become a commercial building.
In 1906 the area was called by The New York Times “the
gilt-edged section of Fifth Avenue.”
Once the most exclusive residential neighborhood in Manhattan, it was
now home to the most exclusive retail stores—jewelers, fine art dealers and
high-end clothiers. That year Henry A.
Budd purchased the building at No. 572 for $350,000.
Budd was a partner in his father’s haberdashery, Samuel Budd—more
familiarly known as “Budd.” Samuel had
come to New York City in 1861 at the age of 26 from New Paltz, New York, to
start a men’s clothing business. The store remained on Fifth Avenue at 24th
Street for 45 years, earning a reputation as one of New York’s most respected
men’s outfitters. But now, with high-end
retailers entrenching themselves further up Fifth Avenue, Henry Budd intended
to establish a second store.
Budd patiently waited for the lease, held by confectioners
Charles A. Dean, to expire in 1907. In
the meantime he commissioned architect Augustus N. Allen to draw up plans to
renovate the structure. The Times
reported that Budd intended to “remodel it and open it as a branch store.”
And remodel it he did.
Drawing inspiration from Southern Italian villas Allen
created a white marble façade under a red-tiled Mediterranean sloped roof. A three-story arcade rose gracefully to the
fifth floor where three openings were separated by Corinthian pilasters,
simulating a loggia. A frieze of carved
shields and the name “Budd” surmounted the impressive bronze store front
fabricated by Estey Bros. Company.
The elegant men's store featured a bronze storefront -- Architectural Record June 1916 (copyright expired) |
Budd leased space above ground level to other high-end
retailers. K. E. Hanley Company was
among the first tenants, sellers of women’s apparel. On January 13, 1907 the store advertised a
clearance sale of women’s suits “made up completed of foreign materials in
fancy velveteens, in colors, and French Broadcloth. The models are particularly exclusive and the
workmanship throughout bears our well known stamp of superiority,” promised the
ad. The prices hinted at the wealth of
the store’s clientele. On sale some of
the suits were priced at $62.50—about $1,100 today.
Shoppers on Fifth Avenue are dressed against the chill in 1915 -- photo collection of the Museum of the City of New York |
Samuel Budd died in 1912 at the age of 77 after half a
century of outfitting moneyed gentlemen.
Henry A. Budd continued the family business until 1933 when the Great
Depression took its toll. On June 7, 1933 the Mutual Life Insurance
Company foreclosed on the building. It
would be the first of a rapid-fire string of turn overs of ownership. In May 1943 Clarke G. Dailey purchased the
property, selling it four months later to Frederick Brown. Brown quickly turned a profit, selling the
building a few weeks later, in November 1945.
The area remained the “Queen of Avenues” for several decades—the very term “Fifth Avenue” being synonymous world-wide with high-priced jewelry, clothing and artwork. But by the end of the 20th century more tawdry businesses elbowed their way onto the Avenue and several airlines headquarters took over former retail buildings—often brutalizing the architecture with their modernizations. And such was the case with No. 572 Fifth Avenue. In the 1960s Irish International Airlines moved in, to be replaced by a two-story bookstore in 1971. The upper floors were renovated to offices at the time.
The area remained the “Queen of Avenues” for several decades—the very term “Fifth Avenue” being synonymous world-wide with high-priced jewelry, clothing and artwork. But by the end of the 20th century more tawdry businesses elbowed their way onto the Avenue and several airlines headquarters took over former retail buildings—often brutalizing the architecture with their modernizations. And such was the case with No. 572 Fifth Avenue. In the 1960s Irish International Airlines moved in, to be replaced by a two-story bookstore in 1971. The upper floors were renovated to offices at the time.
The delicate panel carvings, the rope-twist detailing and the slender white marble columns hint at the lost elegance--photo by Alice Lum |
The surviving traces of the Budd Building could indignantly be called "ruins." -- photo by Alice Lum |
Shedding some tears over this building's current state knowing what it once was.
ReplyDelete