On the corner of Fifth Avenue and 34th Street, there was a mansion so grand and expansive that it was dubbed "one of the wonders of the city." At the time of its completion in 1855, it was thought to be one of the costliest and largest private homes ever built in New York. However, this post is not about that mansion. That mansion (the Samuel P. Townsend Mansion) was bought and promptly razed by Alexander Turner Stewart.
The fact that Stewart would buy and then raze one of the grandest houses in the city astonished New Yorkers. But Alexander Stewart was nothing if not astonishing. Born in Ulster, Ireland, Stewart came to New York in 1823. He used some money that his grandfather left him to open a dry goods store and quickly availed himself of a natural talent for business. His empire quickly expanded into wholesaling and real estate, building massive and spectacular stores. Moreover, his wholesale empire made him extraordinarily rich, in fact, it made him one of the wealthiest men in the country. Called "the Merchant Prince of America," a 2007 New York Times article argued that Stewart numbered amongst the wealthiest Americans ever to have lived (with an adjusted net worth that equaled 90 billion dollars.)
Thus Alexander Turney Stewart was a man who wanted to build his own home, nor would he settle for something modest. Moreover, he had just the man for the job. Stewart had worked hired John Kellum to build his famous "marble palace" store on Broadway so it was only natural that "the Merchant Prince" would work with Kellum again. Kellum did not let Stewart down. Eschewing the typical brownstone mansions of New York, Kellum designed Stewart a stunning home built of Tuckahoe marble. Another marble palace, the home was in the French Empire style replete with paired Corinthian pilasters, a mansard roof, iron detailing, and a broad marble staircase leading to the entrance. The grand interiors with their high ceilings, ornate fixtures, marble railings were fittingly described as palatial. The Italian painter Mario Brigaldi, who just finished decorating the Petrópolis Imperial Palace in Brazil for Emperor Dom Pedro, painted ceiling frescos in the art gallery, dining room, and breakfast room. The home had a price tag worth of a palace. Completed in 1869, it cost 2 million dollars (a staggering cost at the time.) Four stories high, the mansion dominated the corner. It was so unmistakable that the Stewarts didn't bother with an address.
The house became famous for its extensive and valuable art collection, which the Stewarts sourced from throughout Europe, as well as a grand library. Despite the palatial premises, the Stewarts were not grand entertainers. While they made exceptions for heads of state like President Grant (one of the guest rooms would be named after him) they largely enjoyed their home privately. In 1876, Stewart got ill and died in the house, leaving his massive fortune to his wife (as well as more than 10 million dollars to charity.) Upon her death, the mansion stood vacant for years until it was leased by the Manhattan Club. However, burdened by debt (a theme that would continue with its occupation of the Jerome Mansion) the Manhattan Club didn't finish its lease and in 1899 it moved out. While many schemes were proposed to save the home, none came to fruition and, in 1901, it was demolished.