1850 American Gold Baron

Chapter 230 New York Business District

"Boss, Stewart rejected our acquisition."

When Van Daze held a family meeting, Kony brought some bad news to Liang Yao.

Stewart opened the first shopping mall in New York in 1848, and the Irish owner of the original Broadway textile store became one of New York's richest men.

Of course, before opening a shopping mall, Stewart had already merged hundreds of small shops, which gave him the ability to open a shopping mall.

"Give him a chance and he will miss."

Liang Yao was also helpless. Since he couldn't cooperate, he could only become a competitor.

Liang Yao placed a map of the New York City area on his walnut desk and unfolded it. His eyes fell on the map at the intersection of West 42nd Street and Broadway Avenue in Manhattan.

This place has a name that is familiar to people all over the world in later generations: Times Square, New York.

"You want to buy land in New York? Do you also want to be a real estate tycoon?"

Kony speculated on Liang Yao's thoughts.

"To build a shopping mall, you need land. This land doesn't belong to Backhouse, right?"

Liang Yao took out a pencil from the pen holder on the desktop and drew a circle at the junction of West 42nd Street and Broadway Avenue in Hatton District, where he planned to acquire a piece of land to build a New York business district.

Even if the Van Daze family fails to cooperate with him in the end, he will still build New York's business district and turn this place into New York's city card.

This is not because he wants to contribute to the urban construction of New York, but to earn dollars in the pockets of New York people.

The huge pie in the retail market is very big and it is really too tempting.

"You are right, this piece of land belongs to Backhouse, and it is one of the lands that Backhouse is most interested in." Coney said with a smile, "Backhouse once said that this land will soon become the home of the entire New York City.

, even the commercial center of the world.

Of course, there was a lot of bragging involved. The land that Backhouse and Astor valued most was Fifth Avenue between 48th Street and 57th Street in New York. They would definitely not sell this land.

But for the area drawn on your map, as long as the offer can impress Backhouse, he is still willing to sell it."

"Then he really has a bright eye." Liang Yao sighed.

These wealthy people in the United States are all very visionary in their own professional fields.

The retail rents on Fifth Avenue between 48th Street and 57th Street in New York City were among the highest in the world in later generations.

"Do you also think this piece of land has great potential for appreciation?" Coney looked at the circle drawn by Liang Yao on the map of New York City.

Not only does it have great potential, but as long as New York does not weaken and holds this land, future generations can live a happy life of collecting rent.

In later generations, half of the ten commercial streets with the most expensive shop rents in the world were in New York. Even when Japan's real estate bubble was at its worst, Tokyo could not shake the status of New York's business district.

After Japan's real estate bubble burst, only Ginza, Tokyo, barely made it into the top ten.

Astor was very fond of real estate, so it makes sense for his descendants to be deeply involved in the real estate industry.

"How many dollars will it cost to acquire this piece of land?" Liang Yao asked Kony.

Coney grew up in New York, and even if he doesn't know the specific low prices in Manhattan, he at least has a general understanding.

"I don't know the exact land price in the circle you drew, but the price of land in Manhattan's business district is no less than $200,000 per acre."

An acre of land costing US$200,000 is indeed a sky-high price. Liang Yao bought a 50-acre piece of land along the Hudson River in the suburbs of New York to build a manor for less than US$100,000. The price per acre is

The price is less than $2,000.

"So expensive?"

Although he was mentally prepared, Liang Yao was still a little surprised when he heard the price. In this era, land prices in New York were already so high.

“It wasn’t so expensive originally, all thanks to the Astor family.” Coney said with a smile, “Before Astor entered New York real estate, although land in Manhattan was expensive, the unit price per acre would not exceed US$100,000.

, the land prices in New York were not so exaggerated at that time.”

“How many deposits has Bank of America taken?”

The New York branch of Bank of America has been open for more than a month. Liang Yao wants to know how much deposits the New York branch has absorbed over the past month.

"Thanks to your good reputation and high reputation, the citizens of New York have great confidence in your bank, which has attracted more than 2 million US dollars in deposits in more than a month." Kony thought for a while and said.

Bank of America has already attracted US$2 million in deposits. It seems that if you bite the bullet, you can still buy a piece of land in the Manhattan business district.

In the evening, Fan Daze brought news to Liang Yao. He persuaded other family members to cooperate with Liang Yao at the family meeting.

This is good news for Liang Yao.

With the Van Daze family’s resource channels in the industry and the credibility accumulated by three generations of the Van Daze family in New York, it will become much easier to build New York shopping malls and create New York business districts.

"It's still early, let's go to the New York shopping mall and take a look. Stewart rejected my offer of an olive branch. We are going to open a shopping mall in New York, and Stewart will be our biggest rival."

Liang Yao put away the map on his walnut desk and said that he had asked Coney to inspect Stewart's shopping mall, but he had not yet seen New York's first large shopping mall with his own eyes.

He had never seen with his own eyes how far Stewart had made shopping malls, and he was full of curiosity about Stewart's shopping malls.

"You want to go shopping? I want to go too."

Elizabeth said very excitedly when she heard that Liang Yao was going to the mall.

"Let's go."

Liang Yao agreed, asked his servants to prepare the carriage, and then drove to Stewart's shopping mall.

Stewart's shopping mall is located on Fifth Avenue between 48th Street and 57th Street in New York, which is one of the most prosperous areas in New York.

Of course, the rent is also the most expensive. According to the information Liang Yao learned, Stewart originally planned to buy a small piece of land from Backhouse.

Unfortunately, Stewart's offer failed to impress Backhouse, and Backhouse himself didn't really want to sell the land. In the end, Stewart had to give up. He could only settle for the next best thing and rent a piece of land from Backhouse.

Built America's first large shopping mall.

“This shopping mall is really big.”

After arriving at Fifth Avenue between 48th Street and 57th Street in New York, Van Daze couldn't help but sigh while looking at the luxurious marble-decorated buildings in front of him.

This brand new mall looks even more luxurious than the New York City Municipal Building.

Competing with such an opponent made Fan Daze feel a little frightened.

Obviously this is not the first time Elizabeth has come here, and she is already used to shopping malls.

“Have you ever seen a mall that’s bigger than Stewart Mall before?”

Kony looked at Liang Yao, who looked calm, and asked curiously.

"I've seen it."

Liang Yao said calmly.

The Stewart Shopping Center in front of us seems very grand to natives like Vandaze and Kony.

But in Liang Yaoyan's eyes, this shopping mall is not as good as the shopping malls in some county towns in the Pearl River Delta region in later generations.

Of course, it's unfair to compare a modern shopping mall after 171 years with a shopping mall in 1851.

In the middle of the 19th century, it was remarkable to be able to invent the business model of urban shopping malls.

Stewart's model of this shopping mall in New York was later copied by major cities around the world.

"It turns out that the commerce and trade in the Qing Dynasty was so developed." Kony couldn't help but sigh, "No wonder you acted so calmly. It turns out that you are well-informed. When I saw this shopping mall for the first time, I was shocked and said no.

Speak up."

Liang Yao just smiled and said nothing more.

(End of chapter)