April Theme Day - Pedestrians Crossing

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The Flatiron

The Flatiron Building (or Fuller Building, as it was originally called) is located at 175 Fifth Avenue in the borough of Manhattan, New York City and is considered to be a groundbreaking skyscraper. Upon completion in 1902, it was one of the tallest buildings in the city and one of only two skyscrapers north of 14th Street – the other being the Metropolitan Life Insurance Company Tower, one block east. The building sits on a triangular island-block formed by Fifth Avenue, Broadway and East 22nd Street, with 23rd Street grazing the triangle's northern (uptown) peak. As with numerous other wedge-shaped buildings, the name "Flatiron" derives from its resemblance to a cast-iron clothes iron.

The building anchors the south (downtown) end of Madison Square and the north (uptown) end of the Ladies' Mile Historic District. The neighborhood around it is called the Flatiron District after its signature building, which has become an icon of New York City. The building was designated a New York City landmark in 1966, was added to the National Register of Historic Places in 1979, and designated a National Historic Landmark in 1989.

THE CURRENT CHALLENGE

Fri Jan 25, 2013

This week's challenge:
'Shadow'.

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The Flatiron Building

The 22-story Flatiron Building, at the intersection of New York City’s Fifth Avenue, Broadway, and 23rd Street, is instantly recognizable for its triangular shape. At the time of completion in 1902, it was among the first and tallest of New York City’s signature skyscrapers. It has been a National Historic Landmark since 1989. During the US financial crisis, a top Italian real-estate investment firm, Sorgente Holdings, acquired majority stock in the iconic Flatiron Building. Their long-range plan is to turn the building into a luxury hotel. Since many of the current leases will not expire for ten years, this is a long term project. To Americans, weary of the strains of national debt, it is just another signal of the “melting pot” melting. This purchase of yet another American icon did not shock the country as badly as when Rockefeller Center fell into foreign hands in 1989, a purchase of Japan’s Mitsubishi Group. Still, it carries symbolic weight, as international investors take advantage of the upheaval in the real estate market and the weakness of the US dollar. Overseas investors are jumping into Manhattan’s office market as prices fall and landlords struggle to refinance debt, in numbers that stagger the mind. (by Rap361)

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