The
completion of the underground Grand Central Terminal in 1913 resulted in the rapid development of Terminal City, the area around Grand Central, as well as a corresponding increase in real-estate prices. Among these were the
New York Central Building at 47th Street and Park Avenue, as well as the
Grand Central Palace across 42nd Street from the present Chanin Building. By 1920, the area had become what
The New York Times called "a great civic centre". One site that had yet to be redeveloped was the Manhattan Storage Warehouse, which was built in 1882 He and his brother
Henry I. Chanin designed their first Manhattan buildings in 1924. They then built and operated a number of theaters and other structures related to the entertainment industry, including the
Roxy Theatre and the
Hotel Lincoln. Chanin believed the area around Grand Central Terminal had potential for growth because of the construction of hotels and apartment buildings at
Tudor City,
Sutton Place, and Lexington and Park Avenues.
Development The first plan for a skyscraper at the Chanin Building site was made in 1925, when a developer proposed a 35-story skyscraper. The Chanin brothers initially planned to erect a bulky square 45-story tower designed by
Rouse & Goldstone. The warehouse itself was difficult to clear, since its walls had been designed to protect against "burglary, fire and assault". The process entailed clearing away 7,500 truck loads of brick, 1,000 of scrap metal, and 3,500 of loose earth. The official plans for the Chanin Building were filed with the
New York City Department of Buildings in June 1927, at which point 60 percent of the warehouse had been demolished. Sloan & Robertson, architects of the nearby
Graybar Building,
Pershing Square Building, and 110 East 42nd Street, were hired to design the Chanin Building. The steel frame weighed an estimated and was held together by 1.5 million rivets and 160,000 bolts. Crowds frequently stopped to observe the construction process. The erection of the frame was not without problems: in one incident, the boom of a construction
derrick fell from the 20th floor, nearly splitting a truck in half, though no one was injured or killed. The steelwork was completed by that June, The building held its
topping out ceremony in August 1928. The Chanin Building thus became the first major skyscraper in Terminal City, and the
third-tallest building in New York City behind the
Woolworth Building and the
Metropolitan Life Insurance Company Tower. Irwin Chanin was instead focused on attracting tenants with an "efficient, up-to-date" facility. Initially, the lobby space was occupied by the
Baltimore and Ohio Railroad's bus terminal, ticket offices, and waiting rooms. The office space included such tenants as the
Kimberly-Clark paper company,
Pan American Petroleum and Transport Company, and
Fairchild Aircraft, while the Chanin company took all the space above the 50th floor. and a self-service and table-service restaurant opened in the basement. Through the
Great Depression, leasing proceeded actively. The building's owners filed to reorganize the operations of the Lexington Avenue and 42nd Street Corporation, which operated the Chanin Building, in 1947. In subsequent years, the Chanin Building continued to attract tenants such as
Guest Keen and Nettlefolds, a
Howard Johnson's restaurant, and the
Barry Goldwater 1964 presidential campaign's New York state headquarters. In addition, the building hosted
U.S. Chess Championships. Despite this success, the Chanin Building faced some issues: its owners, along with those of the
Nelson Tower and
Century Apartments, were charged with real estate tax fraud in 1974. The Chanin Building's owners were estimated to have evaded $138,549 in real estate taxes. The Chanin Building was designated a city landmark by the
New York City Landmarks Preservation Commission in 1978, and was added to the
National Register of Historic Places in 1980. By the 1990s, the building was owned by a syndicate headed by
Stanley Stahl. Modern tenants include
Apple Bank, of which Stahl was the only stockholder, as well as the
International Rescue Committee, which had moved to the building in 1994. == Critical reception ==