Joseph Medill Patterson, a member of a large publishing family, founded the
Daily News in 1919 as the United States' first widely published daily
tabloid. While the
Daily News was not an immediate success, it had become the city's largest newspaper by 1925, with a daily circulation of over a million. The newspaper was originally based at 25 City Hall Place in the
Civic Center of
Lower Manhattan, moving in 1921 to the nearby 23 Park Place; six years later, it sought to relocate again. In looking for a new location, the
Daily News followed the example of
The New York Times and
New York Herald in moving from Lower to
Midtown Manhattan. it was easier to coordinate newspaper distribution from Manhattan than from Queens. Additionally, the site was on the same street as
Times Square, where the rival
Times headquarters were located. On February 3, 1928, the
Daily News bought a tract facing 41st and 42nd streets, between Second and Third avenues, from the
Tishman Construction Company for $2.5 million (equivalent to $ million in ). Patterson planned to build a 20-story structure for the
Daily News on the site. Less than two weeks later, the newspaper bought another at 41st Street and Second Avenue. This gave the
Daily News an L-shaped lot measuring approximately on 41st Street, on 42nd Street, on Second Avenue, and to the west. Patterson hired Hood and Howells as architects. Hood proposed a tower for the
Daily News, but Patterson, who did not want a "monument", initially rejected it. To convince Patterson, Hood framed the tower plan as an "efficient" business decision and prepared numerous models for the building, concluding that it would be most efficient to erect a structure of 35 and 40 stories. A plan to use a stone facade was scrapped due to cost, and brick was used instead. Hood carved a plastic model of the building's tapered design, and he drew up plans for a blocky massing with several setbacks. To the west of the building was the Commercial High School, which the
New York City Board of Education was planning to demolish. however, only the
Daily News section of the alley was built. Nonetheless, because of the alley's presence, Hood was able to incorporate decorations into the western elevation. In addition to the
Daily News, the new structure was to include offices for companies affiliated with the
Chicago Tribune.
International Paper had offered to lend $5 million to the
Daily News to fund the building's development, but the loan was ultimately canceled. Construction of the steel frame was finished in August 1929, and the Daily News Building was almost complete by the end of the year. along with the
Lincoln Building,
Chanin Building,
Chrysler Building, and
Tudor City. In November 1929, several construction workers and craftsmen received awards for "outstanding work" on the building; at that point, the structure was over 75 percent rented. The
Daily News started moving into the building in February 1930. The structure, including the newspaper's new printing presses, had cost $10.7 million ().
Daily News use Early years and expansion When the Daily News Building opened,
The New Yorker characterized the office space as "actually a factory, done at factory prices", saying that Hood had focused on practicality rather than artistic effect. During the building's first decade, the
Daily News rented out space to tenants such as
American Locomotive Company subsidiary Alco Products, the Ahrens Publishing Company, the
Museum of the Peaceful Arts, a branch of the
National City Bank of New York, and
United Press International (which moved its headquarters there in 1931). The lobby's research desk was serving 625,000 annual visitors by 1938. The newspaper filed plans in October 1944 for a 24-story annex at Second Avenue and 41st Street. The annex, designed by Harrison, Fouilhoux & Abramovitz (later Harrison & Abramovitz), would have cost $3 million (equivalent to $ million in ) WPIX broadcast from the building's mast until 1951, when transmission facilities were relocated to the Empire State Building's mast. The News Syndicate Company, the subsidiary of
Tribune Media that published the
Daily News, had acquired all of the lots at the southwest corner of 42nd Street and Second Avenue by August 1950, with plans to build a broadcasting station there. In the late 1950s, as part of a $20 million expansion of the newspaper's facilities (equivalent to $ million in ), Harrison & Abramovitz were hired to design an expansion and renovation of the building, and excavation of the site started later that year. and the facade of the annex was substantially completed by April 1959.
Daily News president Francis Marion Flynn also oversaw a renovation of the lobby. The project increased the building's floor area to .
1960s to early 1990s By 1964, a combined heating–cooling system was installed in the building. A 61-week-long restoration of the lobby globe was completed three years later, The
Daily News and the International Paper Company were the main occupants of the building by the 1970s, though the latter moved out in 1978. Tribune Media placed the
Daily News and the building for sale in 1981 but had trouble finding a buyer. At the time, media and real-estate concerns cited by
The New York Times projected that the building might be worth $150–250 million (equivalent to $– million in ), To reduce costs,
Daily News publisher Robert M. Hunt had proposed shutting down the printing plant and spending $60 million to upgrade a printing plant in Brooklyn. By then, the
Daily News printing operations were split evenly between the Daily News Building and the Brooklyn plant. Though the financier
Joe Allbritton tentatively agreed to buy the paper in April 1982, the transaction excluded the building. Tribune Media agreed in November 1982 to sell the building to 220 East Limited Partnership, a
limited partnership led by the La Salle Street Fund. The sale was finalized the next month for approximately $90 million. As part of the sale, the
Daily News leased back its office space from the new owners, and it renovated the existing of office space. Tribune Media leased the refurbished offices to tenants such as architectural and law firms, doubling the annual rental rates to between . by then, the structure housed only the paper's business offices and newsrooms, while production and distribution had been relocated to New Jersey.
Post-Daily News era on the Daily News Building. The TV station had expanded its production facilities in the old building in 1994. At the time, the newspaper occupied across 21 floors at the Daily News Building, since the newspaper no longer needed to occupy so much space due to declining circulation. was to remain in place. at which point the building had an occupancy rate of more than 80 percent, despite the departure of the
Daily News. The developer
Steve Witkoff of Stellar Management, along with JAG Capital, agreed that September to buy the building for $110–115 million. To obtain a $140 million mortgage loan, the new owners leased out most of the vacant space, and the
Omnicom Group moved in as the primary tenant in 1997. The building was again being placed for sale by 2001, and the building's owners had narrowed the bids down to three finalists by that May. finalizing its purchase in 2002 for $265 million. By then, the building was fully occupied, with tenants such as the
Tribune affiliates, Omnicom,
Verizon Communications,
Value Line,
Neuberger Berman, and the
United Nations Population Fund. and the developer
Jacob Chetrit agreed to pay $815 million for the building that October. The sale was canceled in March 2020 after
Deutsche Bank withdrew its financing as a result of
economic uncertainty during the COVID-19 pandemic. SL Green sued Chetrit to obtain the $35 million deposit that he had paid, though this dispute was later
settled. When SL Green refinanced the building with a $510 million mortgage that June, the structure had nearly 60 tenants and was almost fully leased. == Tenants ==