Even though it’s not scheduled to be finished for a couple of years, NYC’s iconic and historic Woolworth Building is being renovated. Built, obviously, by the five-and-dime store millionaire, Frank Woolworth and completed in 1913, the neo-Gothic style was designed by MIT-trained, Cass Gilbert. Woolworth financed the entire project personally, with the initial estimate almost tripling in amount by the time it was completed ($5 million to $13.5 million). The 58-story building was the tallest for 17 years and the slender tower “coming out of the” steel frame was new and awe-inspiring worldwide. Encompassing an entire city block, the luxe finishes included a gold ceiling and hand-laid mosaics in the lobby.
The condo conversion is underway with 34 units designed; including, a $110 million penthouse. Opening the walls has been quite interesting as newspapers, among others, from 1913 have been found between the frames. Completion is slated for 2017; but watching the progress within the interior should be exciting to watch!