Grand Central Hotel
In March last it was sold at public auction by the heirs of the Lafarge estate E. S. Higgins, Esq., who is recorded fourth on the list of wealthy citizens for the sum of $1,000,000.The halls and rooms will require carpeting sufficient to cover seven acres [28,000 m²], and will be of the finest quality - Brussels and velvet.There will be three large dining-rooms extending from the main hall on the second story to the Mercer street wall, the largest of which will accommodate 500 guests.There are at present 350 men employed on the building, and the contractor calculates that he will complete it by the 1st of June next but the hotel will not be open for the reception of guests until the following August.The remains of the hotel were demolished, and New York University subsequently built a 22-story dormitory for law students on the site.