This 30-story Park Row Building was the tallest office building in the world from the time of its completion until the completion of the Singer Building in 1908. Built as a speculative office building by a syndicate of investors lead by August Belmont (also the entrepreneur behind the Interborough Rapid Transit Company (IRT), a private company responsible for the building and operation of the original subway line) the office block originally accommodated 950 offices and over 4,000 workers. It exploited the newly developed all steel skeleton technology. The syndicate bought and consolidated seven smaller lots to create this large but very irregularly shaped site which lacked the corner lot. The exterior lacks the soaring profile and slender tower of the office buildings that would take the title of tallest building in the next decade, the Singer Building, Metropolitan Life Tower and Woolworth Building. The most distinctive elements of its design are the two three-story cupolas and four life-sized sculpted figures projecting from the fourth floor of the Park Row front.