Leo Bing announced on April 1, 1929 that his firm had quietly acquired 75 small lots and old buildings largely around Abingdon Square, Sheridan Square and Jackson Square Park. And the lots would be combined to allow for a set of larger-scale, 17-story apartment buildings.[8]
He said his goal was to "recreate the entire district as a modern counterpart of the high-class residential section it once was" saying 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."[8]
Despite the start of the Great Depression just months after Leo Bing's announcement, by September 1931, Bing & Bing reported that the "five new buildings on Christopher, Horatio and West Twelfth Streets are proving among the most popular of all the Bing & Bing apartment properties. Callers have been numerous … and a high percentage of the space has been leased."[9]
Joseph Cataldo (1908 - 1980), a former restaurateur, club owner, casino operator in Havana, Cuba and a "made man" in the Greenwich Village crew of the Genovese crime family under the nickname "Joe the Wop"[16]
^Neuman, William. "Big Deal: Lutèce's Founder Moves On, And Gets a New Home Kitchen", The New York Times, June 13, 2004. Accessed July 5, 2023. "The same West 12th Street block that Meryl Streep is abandoning has just become home to the Hollywood agent Bryan Lourd. Mr. Lourd, a managing partner at the Creative Artists Agency, plunked down $4.9 million for a one-bedroom penthouse condominium at 59 West 12th Street in early April."
^"Isaac Mizrahi Buys Four Apartments in One Building", WNBC, November 23, 2010, updated April 27, 2012. Accessed July 5, 2023. "Fashion designer Isaac Mizrahi is snatching up apartments in his Greenwich Village building. The Wall Street Journal reported that Mr. Mizrahi has just bought a $3.5 milion apartment at 59 West 12th street."
^Knutsen, Elise. "Bring On The Waterworks: Marisa Tomei Sued for Water Damage", The New York Observer, February 3, 2012. Accessed July 5, 2023. "While we have no idea what goes on in the bedroom of Marisa Tomei’s apartment, it seems her bathroom habits are coming under public scrutiny. Ms. Tomei has been sued for causing water damage to several downstairs apartments at her New York home, 59 West 12th Street."