The
Chamber of Commerce of the State of New York was founded in 1768 as the first organization of its type in North America. After the chamber was granted a formal charter by King
George III of Great Britain in 1770, it held an inaugural meeting at the
Fraunces Tavern with twenty merchants in attendance. Before the current building at 65 Liberty Street was built, the chamber had never been housed in a building specifically constructed for use as its headquarters. Instead, the chamber occupied several office buildings or
trading exchange buildings.
Abiel Abbot Low was the first president of the Chamber of Commerce to suggest a dedicated headquarters building for the chamber, in 1865, but nothing came of that plan. This structure was an iron-fronted building with six stories.
Planning and construction By the end of the 19th century, the Chamber of Commerce was looking to construct a building with enough space for offices and an assembly room. According to
Architectural Record magazine, the Chamber of Commerce wished for its assembly hall to be "spacious and imposing" and for the exterior to be "large enough to avoid insignificance". At the time, the Chamber of Commerce was housed in a "small apartment". In addition to offices, a library, and an assembly room, Orr planned to include space on the first floor for a space that could be rented out to a bank. The New York Realty, Bond, Exchange and Trust Company bought the 65 Liberty Street site in 1899 for $580,000. The chamber had raised its original goal of $1 million by the following April. Wealthy members of the chamber ultimately raised a collective $1.5 million. Subscribers to the fund included
Andrew Carnegie,
J. P. Morgan,
John D. Rockefeller,
Cornelius Vanderbilt III,
William Collins Whitney, and the
Guggenheim family. News media reported in December 1900 that the chamber was considering paying $300,000 for a site on Pine Street. at a cost of $700,000. James B. Baker had been selected as the architect by May 1901. In May 1902, chamber members
Morris Ketchum Jesup,
John Stewart Kennedy, and
William E. Dodge donated the statues of DeWitt Clinton, Alexander Hamilton, and John Jay. The sculptures, to cost $12,000 each, were contracted to Martiny and French after the original plan to decorate the Liberty Street facade with allegorical sculptures was abandoned. The Chamber of Commerce Building opened on November 11, 1902, just more than a year after the opening ceremony. Former U.S. President
Grover Cleveland was the primary orator at the opening ceremony. while the guests included then-current U.S. President
Theodore Roosevelt and various ambassadors and representatives from other nations. The sculptures by Martiny and French were dedicated on November 17, 1903, with a ceremony attended by 400 chamber members.
Chamber of Commerce use During the first decade of the 20th century, the Lawyers' Title Insurance and Trust Company had offices in the Chamber of Commerce Building, with 700 employees. The company moved to its own structure between July and September 1908. The Lawyers' Mortgage Company occupied the basement and ground floor from 1906 until 1921, when the space was leased by the Guaranty Trust Company. Following World War I, the Chamber of Commerce's influence started to shrink as corporations became more prominent. The sculptural groups on the facade, having worn down significantly due to chemical reactions and weather conditions, were removed in 1926. The
Piccirilli Brothers made casts for the sculptural groups so they could be redone in granite or bronze if the chamber ever requested their reinstallation, although that never occurred. after alterations were made to these stories. The ground-floor space was occupied by the Harriman National Bank by 1929. Harriman only stayed in the building through the mid-1930s. The ground floor and basement were leased to the
Wanamaker's department store in 1944, with the space to be used by Wanamaker's men's division. After World War II, most of the chamber's day-to-day operations were outsourced and the chamber was staffed exclusively by volunteers. The Great Hall was consequently no longer used frequently.
Later use The chamber decided to sell 65 Liberty Street in 1979, relocating to
200 Madison Avenue in
Midtown Manhattan and merging with the New York City Partnership to create the
Partnership for New York City. The chamber's collections curator, Evelyn G. Ortner, said in early 1983 that the chamber was no longer selling portraits. Some of these portraits were subsequently exhibited at the
New-York Historical Society. The Chamber of Commerce Building remained unoccupied for ten years because potential tenants balked at the cost of retrofitting it to modern standards, and potential buyers had already twice failed to complete the sale. Two years later, Haines Lundberg Waehler finished renovating the building into office space at a cost of more than $12 million. The badly damaged wall covering was replaced with velvet; a plywood floor surface was laid atop the original marble floor of the Great Hall, and cables were run beneath the plywood floor. The mechanical systems were also overhauled. Since the building was on the
National Register of Historic Places (NRHP) and was a
New York City designated landmark, the bank hoped to receive a tax credit for the renovation. , Mega International still owned the building. == Impact ==