#MapMondays – Manhattan Land Values (1903) This 1903 map lists the price per square foot for Lower Manhattan land. The highest values ($350-$400 per square foot) were concentrated on Wall Street between Broadway and Broad, where the major banks and large corporations competed for office space. With such high demand and cost of land, companies had to build up into the sky to make their real estate development profitable. A couple blocks to the east on South Street, prices dropped 100 times, down to $4 a square foot. Despite the common myth that Manhattan skyscrapers need a solid bedrock foundation, the tallest towers locations were determined by the expensive real estate, not the geography, with many tall buildings occupying sites that were reclaimed landfill from the harbor. #mapmonday #realestate #newyorkcityhistory #downtown #nychistory #trinitychurch #wallstreet #worldtradecenter #fidi #hudsonriver #nyhistory #cartography #map #mapping #subway #skyscraper #downtownmanhattan #midtown #urbanplanning #southstreetseaport #batterypark #historicmap #landmap #zoningmap #nyarchitecture #brooklynhistory #downtownbrooklyn #urbanism #urbanhistory (at Wall Street, Lower Manhattan) https://www.instagram.com/p/CGQObUfn0p7/?igshid=96w8htc696we
