First Avenue, at the N.W. corner of E. 54th Street

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First Avenue (right foreground), at the N.W. corner of E. 54th Street, showing East Side tenements against a back drop of Fifth Avenue hotels. The most prominent of these is the Ritz Tower. To the right and left respectively are the Pierre and the Savoy-Plaza. In the center is the Hotel Delmonico. Note the excavation in the right foreground and upon which will rise a modern apartment house as one of the forerunners of the rehabilitation of this Beekman Hill section. January 7, 1928 P. L. Sperr