On March 23, 1897, the
Alpha chapter of the Fraternity of Delta Psi (
St. Anthony Hall) purchased a wide lot on 434 Riverside Drive from Harriet B. Hale. The fraternity intended to build a new chapter house closer to
Columbia University, which had recently moved to
Morningside Heights. In addition to proximity to campus, the new site "afforded breathtaking views of the Hudson River and
New Jersey palisades." The architects were
Henry Hornbostel and
George Carnegie Palmer; the latter was a member of the
Columbia chapter of St. Anthony Hall. The architects filed plans with the city on August 26, 1898. The plans called for a five-story building constructed of brick and stone, costing $45,000 (equivalent to $ in today's money). However, the actual cost of the chapter house was closer to $80,000 (equivalent to $ in today's money). In 1899, the lot was worth another $20,000 (equivalent to $ in today's money). At the time the fraternity built this chapter house, students did not live on Columbia's campus. Thus, "Delta Psi was not only the first fraternity to erect its own chapter house near the new Columbia campus, but, in 1899, when it was completed, it was one of only a handful of buildings on
Morningside Heights where students could live." Although two other fraternities also built chapter houses in the Morningside neighborhood, this is the only one still in use by a fraternity. Ultimately, land values increased so quickly that its cost outpriced student housing. By 1905, Columbia University provided on-campus residences for students. == Description ==