1908: New Mutual Alliance building brings high finance to the LES The Mutual Alliance Trust Company’s third office building officially opened for business in the Lower East Side 111 years ago this month, the New York Times reported. The firm’s new outpost reportedly heralded the banking industry’s arrival in a neighborhood known more for its impoverished tenements than wealth management. The six-story building on Grand Street, designed by architect John Hamilton, cost the company $175,000 to […]
source https://therealdeal.com/issues_articles/this-month-in-real-estate-history-135/#new_tab
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