2 Horatio Street
Between 1959 and 1963, an addition to the western end of the building, fronting on Horatio Street, added four apartments per floor, as well as air conditioning and new windows. This section of the building occupies what was the site of the Caledonian Club, at #8-10 from 1880 to 1897 after which it was occupied by a number of church-related organizations. Altogether, the building, along with the 17-story apartment building at 54 Eighth Avenue – also known as #14-18 Horatio Street – at the other end of the block, replaced six older low-level buildings. The building is known for having a number of celebrity residents.
Development
On April 1, 1929, the real estate development firm Bing & Bing – founded in 1906 by brothers Leo S. Bing and Alexander Bing – announced that they had quietly acquired 75 small lots and old buildings largely around Abingdon Square, Sheridan Square and Jackson Square Park, on Horatio, West Twelfth and Christopher Streets, sufficient to build five high-end residential buildings in a concerted effort to "recreate" the Greenwich Village neighborhood. In addition to 2 Horatio Street, the project would result in 299 West 12th Street, 59 West 12th Street, 302 West 12th Street, and 45 Christopher Street.
Although Bing & Bing had built many residences on the Upper West and Upper East Sides, this project was their first major venture this far downtown. According to a 1985 article in The New York Times, the firm's structures were "regarded as among the city's finest prewar properties ... [Bing & Bing] built hotels and apartments at a time when luxurious in New York was still synonymous with spacious."
The firm hoped to take advantage of some of the amenities which would make the western part of Greenwich Village a more desirable place to live, including the coming Eighth Avenue Subway, the recent completion of the West Side Elevated Highway, and easy access to the Holland Tunnel.
Leo Bing said in the firm's announcement that the goal of the project was to "recreate the entire district as a modern counterpart of the high-class residential section it once was", saying that it would "rival Central Park West and the fashionable east side within a few years." He cited the goal of neighborhood reinvention as the reason for the simultaneous building, saying his hope was that "complete transformation of the section may be achieved as quickly as possible."
Seven months after the announcement that the land had been bought and that clearing and construction would commence, the Wall Street crash of 1929 occurred on October 29.
Architect
For 2 Horatio Street, Bing & Bing chose architect Robert T. Lyons, who they had just worked with on the Gramercy Park Hotel, which had opened in 1925. The Bing brothers and Lyons also partnered on what was then a major technological breakthrough – creating the world's tallest apartment building – 17 stories – at 903 Park Avenue, which was completed in 1916.