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Columbia University Digital Knowledge Ventures The Architecture and Development of New York City with Andrew S. Dolkart
image The Birth of the Skyscraper The Future of the City
Non-Skyscrapers
TimelinesKey FiguresGlossary
Maps & Key Buildings
The Future of the City
Non-Skyscrapers
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But before we return to the effects of the zoning law, it is very important to remember that even in the late nineteenth and early twentieth centuries, all commercial buildings were not tall buildings. Small buildings were still being built. In fact, in many cases the construction of a small building on a plot of land that was enormously valuable showed just how powerful a company was. J. P. Morgan, for example, built the Morgan Bank in about 1912 on the corner of Wall and Broad Streets on one of the most valuable plots of land in the world. Instead of constructing a skyscraper for his bank, he built a three-story building. Morgan was saying, in effect, I can own one of the most valuable pieces of space in the world, and I can build just a small building on that plot because I can afford to do so.
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