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Frank StantonFrank Stanton
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Session:         Page of 755

estate wasn't that easy to deal with, and the church had--the downtown side of that building was occupied by the church administrative offices from across the street. That looked like a sticky thing to try to work out of, and as a matter of fact, the Palace Hotel never solved that either. They built behind it, but they didn't tear down the building.

I was going to tear down the brown buildings there. Maybe it would have been a mistake to have done that, but that's--I wanted to stay on Madison Avenue.

Q:

For those people who are not in New York, could you describe why Madison Avenue was an important address to you.

Stanton:

I've never liked Fifth Avenue as a site for an office building. I thought Fifth Avenue was retail, and I just didn't see it as the place for us. Also I didn't want to go as splashy as I thought we'd have to go, if we went on Fifth Avenue. On Fifth Avenue I thought we'd have to put up a very fancy front. I thought Madison Avenue had the character of Rue St. Honoré in Paris. I thought it was a great shopping street, and yet it wasn't the Fifth Avenue kind of place.

It had a lot of distinguished companies on Madison Avenue. And I just--as against Broadway, Avenue of the Americas, which I didn't like as a name. Fifth Avenue I didn't. Lexington was too far. So it was--I just loved Madison Avenue. But when we finally decided we had to do something, we simply couldn't find a plot that would work for what I thought we needed.

In the meantime [William] Zeckendorf was in and out of my life and Paley's life on real





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