Broadway, north across Grand Street, showing mainly the westerly side of this thoroughfare, ca. 1870.
The grand building on the corner (at left) was the Lord & Taylor building, constructed in 1859. The cast iron building was described by the New York Times as “more like an Italian palace than a place for the sale of broadcloth.” Less than 10 years later, the store vacated their new building and moved uptown to the new fashion district, the Ladies Mile. According to most sources, the 1860 building remained standing until a fire destroyed it in 1967. For a few decades after the fire, the space was a parking lot with a popular flea market.
Today the large lot, which goes all the way through to Mercer Street (hence its more well known address: 40 Mercer) is occupied by a dark, grid-like new building (2007) designed by the French architect Jean Nouvel.