In March 1836, businessman and former New York City Mayor Philip Hone noted in his diary that he had sold his house on Broadway across from City Hall Park for $60,000 ($2.2 million in current dollars) with the buyer planning to convert it into shops and a hotel. “Almost everybody down-town is in the same predicament, for all the dwellinghouses are to be converted into stores,” Hone wrote. “We are
World News Bloomberg Sep 30, 2026
