Charles Lewis Tiffany and
John B. Young founded the stationery store Tiffany, Young and Ellis in 1837; the store was housed at 259 Broadway in
Lower Manhattan. The company began selling jewelry, glassware, and clocks in 1839, and these items comprised most of the firm's sales four years later. This prompted the firm to expand to a neighboring building. Tiffany & Co. moved to 271 Broadway in 1847 With the
uptown movement of commerce, Tiffany & Co. built a headquarters at
15 Union Square West in 1870. As late as 1893, Charles Tiffany denied rumors that the company would move yet again to Fifth Avenue and 34th Street, even as other companies were doing so. Tiffany's successor as company president, Charles T. Cook, bought a site at Fifth Avenue and 37th Street from George C. Boldt in April 1903. The site cost $2 million and measured on Fifth Avenue by on 37th Street. Cook planned to build a new headquarters on the site, hiring McKim, Mead & White to "build me a palace". The next month, the Charles T. Wills Company was hired as the building's
general contractor. As the site was being excavated that October, the foundation walls collapsed, killing one laborer. The building's
cornerstone was laid on March 16, 1904. That month, city inspectors alleged that the Tiffany Building's contractors were violating construction codes by hastily erecting steel frames in the winters and then installing the brick-arched floors in the summers. At the time, New York City law mandated that the top of a development site's steel structure could not progress more than three stories beyond the highest brick-arched floor. The southern
lot line, which abutted the home of
Henry O. Havemeyer, was originally irregular in shape; this created a situation in which parts of one lot were surrounded on three sides by the other lot. In August 1904, Havemeyer and Tiffany & Co. swapped two of the interior lots to straighten out the boundary of the site. The building ultimately cost $600,000 to complete, excluding the cost of the land. At the time, the seventh floor was not complete. That December, McKim, Mead & White filed plans to remove the marble steps in front of the building. Three months later, the firm filed plans for a seven-story building to the south, later the
Gunther Building. Although that site was owned by Tiffany & Co., the Tiffany store did not occupy that land lot. Tiffany & Co. had been one of the earliest stores to move uptown to Fifth Avenue, which at the time was still primarily residential. In 1910, the
New-York Tribune reported that the Altman and Tiffany buildings had prompted high demand "of high-class retail houses for locations on the avenue". By the late 1930s, commerce on Fifth Avenue had relocated still further uptown to
57th Street. The new flagship store opened on October 21, 1940. The same day, Tiffany & Co. deeded the 37th Street site to the Astor estate, with National City Bank paying $1.2 million. The interior of the old store was disassembled immediately after the Astors acquired the building.
1940s to mid-1970s For three years in the early 1940s, the ground floor was leased to the
American Red Cross, as well as volunteer art exhibitions. In 1945, Alad Holding Inc., led by Alan N. Adelson, leased the building for $2 million and then sold the leasehold to industrial company
Textron. Textron then remodeled the first to third floors and, in the interim, opened an office on the seventh floor in April 1946. Textron planned to eventually occupy the entire building and rename it. The company also added an
air conditioning system. In July 1949, Textron announced plans to move its men's division to the
Empire State Building while keeping the women's division at 401 Fifth Avenue. That November, Textron sold the leasehold, which was then acquired by Charles A. Frueaoff. and the
Office of Price Stabilization also briefly occupied the building until early 1952.
Henry Goelet of the
Goelet real-estate family obtained full ownership of the Tiffany Building in January 1951 in a series of transactions worth $8.5 million. He bought the leasehold from the Frueaoff estate, as well as the
fee interest in the land, from the Astor estate, obtaining $1.5 million in short-term financing. In 1952, Goelet detailed his plans to renovate the building. He planned to lower the first story slightly, add a mezzanine above it, remodel the storefronts, and add new air conditioning and elevators. Charles N. and Selig Whinston conducted the renovations, which cost $1 million. Ten tons of bronze and $1 million of marble were removed during the project. and American Bleached Goods opened a second-story office with two showrooms the same year. Other tenants in the 1950s included shoe chain Stuart Brooks Red Cross Shoes, as well as a
Horn & Hardart restaurant. Goelet sold the Tiffany & Co. Building in 1957 to a syndicate of Nelson Properties Inc. and Burnebrook Manor Inc. Allied renovated the fifth to seventh floors in 1960, consolidating its marketing department there. Allied continued to occupy the Tiffany Building until 1973, when it moved to 1120 Avenue of the Americas. The surrounding stretch of Fifth Avenue had begun to decline by the 1970s. A
Burger King fast-food restaurant had opened within the Tiffany Building by 1976.
Late 1970s to present In 1977,
Sun Myung Moon of the
Unification Church bought the Tiffany & Co. Building for a reported $2.4 million. The Tiffany & Co. Building was added to the
National Register of Historic Places (NRHP) as a
National Historic Landmark on June 2, 1978. The church promised to restore the Tiffany Building into offices for its daily newspaper,
The News World. The
New York City Tribune, a subsidiary of
The News World, was formed in 1983 and also had its offices in the Tiffany Building.
Noticias del Mundo, a newspaper also run by the Unification Church, took some office space as well. If built, it would have been 40 stories tall and made of precast concrete. Most of the facade of the original building would have been restored, except for two bays on the highest tier, which would have been removed to create a
light court. The next year, the LPC designated the building as a landmark. Meanwhile, News World Communications acquired three lots beside the Tiffany Building to enable the construction of a tower with . The Unification Church canceled its plans to build a tower above the Tiffany Building in 1990, after the LPC rejected a similar tower over the
Metropolitan Club building. The Image Group also produced ''
The People's Court'' in the building, and
American Eagle Outfitters occupied two floors by the end of the 20th century. and a $95 million loan on 401 Fifth Avenue went to
special servicing the same year. == Reception ==