The building in Manhattan that houses the home and office of former hedge fund manager Morton Holdings has been given the moniker RYze Building, after the R-word.RYZE has a long and storied history in the city.
The building was originally built in 1884 and later used as a factory for the textile industry.
In 1894, the RYZE Company opened the Rye House, a two-story brick building with a view of the Manhattan skyline.
The RYXE Building is now the headquarters of the New York State Department of Housing Preservation and Development.
In the 1970s, the building housed the offices of the National Rifle Association.
Rye House was a site of resistance to gentrification.
In 1975, the owners of the building sued the city for refusing to evict them from their property.
A year later, the city lost the case.
RYGE was awarded a $6 million settlement, which included demolition of the RYE Building and the building’s exterior.
The city and RYCE also agreed to establish an anti-gentrification program.
“The RYKE Building, like many other buildings in New York City, was originally designated a residential structure, and it was deemed unsafe for the building to remain on that designation,” said Chris S. Miller, the acting executive director of the Preservation Alliance.
Miller said the city has since re-classified RYGES buildings to a historic designation, adding that the building is no longer considered a residential building.
In a statement, RYME said the building was built with the intention of providing affordable housing to New Yorkers.
“In the case of the Rye House, it was constructed with the intent of providing a space for families to live together.
Today, the buildings name is synonymous with a building that was designed by one of New York’s wealthiest architects.
Our team has been actively seeking to move RYLEs name to an appropriate place for decades,” the statement read.