Preservationists fight to save historic clock

A condo conversion will cut off the public from a landmarked mechanical clock

TRD New York /
Jun.June 20, 2015 04:30 PM

Preservationists have filed suit to stop Elad Properties and the Peebles Corporation to save a 19th Century mechanical clock.

The developers are converting 346 Broadway in Tribeca into luxury condos. The conversion would make the suite that houses the historic clock off limits to everyday New Yorkers, according to the New York Daily News.

“The loss of the New York Life Tower Clock would be devastating,” said Christopher DeSantis, author of “Clocks of New York” and a plaintiff in the suit. “It’s a living architectural fossil, a last vestige of a by-gone era to be treasured and preserved.”

The Landmarks Preservation Commission has already approved the plan to close the clock suite. However, back in 1987, the commission designated the clock tower suite an interior landmark.

The developers bought the landmarked building from the city for $160 million in 2013.  [NYDN]Christopher Cameron


Related Articles

arrow_forward_ios

Minority real estate professionals still fight racial and gender barriers: TRD Miami Showcase & Forum

Ben Carson on how Opportunity Zones are unlike red and black ants: TRD Miami Showcase & Forum

From left: The El Ad Group's Isaac Tshuva, 108 Leonard Street and the Peebles Organization's Don Peebles (Credit: Delek Group, Google Maps, and Peebles Corporation)

El Ad, Peebles land $450M condo inventory loan for Tribeca’s Clock Tower conversion

A court case could kill plans for a $21M penthouse at the Clock Tower building

Edgardo Defortuna joins Peebles, Stern, Karmely and Karp for Future City 2019

Rentlogic adds advisory board to weigh in on landlord ratings

Highlights from The Real Deal’s 15th anniversary bash

Talking LA’s latest supertall Angels Landing, with developer Don Peebles

arrow_forward_ios