346 Broadway. Image Credit: Brett.

Landmarks permit that would have seen designated interior converted to inaccessible private residence, and historic clock mechanism disconnected, is ruled to have been issued irrationally and influenced by erroneous legal counsel. The Landmark Preservation Commission designed spaces in the former New York Life Insurance Building, located at 346 Broadway, constructed in 1894 to 1898, as an interior City landmark in 1987. The designation included the 13th floor clock tower, which held the four glass clock faces and the clock mechanism, driven by a 1000-pound weight, with a 5,000-pound bell above the mechanism. At the time of designation, the property was owned by the City, and the clock tower was occupied by a gallery, artist studios, and a public service radio station. (read more…)