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Silk Exchange Building ยท 487 Broadway
Silk Exchange Building
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Broadway near Broome Street; Changing New York

The tall building on the left is the Banco di Sicilia at the southwest corner of Broadway.

1935

Silk Exchange Building

Broadway near Broome Street; Changing New York

The tall building on the left is the Banco di Sicilia at the southwest corner of Broadway.

IMAGE DATE1935
FromMuseum of the City of New York logoMuseum of the City of New York

Silk Exchange Building, October 7, 1935.

This long and narrow building (the Broadway frontage is only 28 feet, while the Broome Street frontage is 200 feet) dates to 1896. In the late 19th century this corner was the center of the silk district. The designer, contractor, and real estate developer for the building was John Townsend Williams. The ornate facade of the 12-story building was limestone, buff-colored brick and terra cotta. The plain limestone base is in contrast to the highly decorated and textured terra cotta ornamentation at the upper levels.

The original tenants included a number of silk manufacturing companies earning it the name The Silk Exchange Building.The silk focus of the structure survived through the 1910s after which it began to move uptown, and by the 1920s most of the silk merchants had moved out. In 1938 (when this Federal Art Project photograph was taken) the building was the headquarters of the Banco di Sicilia Trust Company. After suffering through the financially unstable and gritty years of the 1970s, along with the rest of SoHo (and the city), the building was converted to residential units, and is now known as the Haggin Building.

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