The Greater 15th Street Financial Historic District
As the city’s population continued to increase during the late 19th century, the number of financial institutions grew correspondingly – primarily in and around the Department of Treasury at 15th Street & New York Avenue, NW. As business expanded, the size and number of the city’s financial institutions, especially the Trust companies, and their associated real estate businesses similarly grew. As a reflection of this growth and prosperity, the city’s financial institutions began to build highly visible and monumental headquarter buildings. Essentially simultaneous to the development of banks and office buildings at 14th and G Streets, the 15th Street corridor grew beyond its cluster of bank buildings next to the Treasury, ultimately inspiring a linear growth of banking-related enterprises up to and including McPherson Square, of which The Southern Building is a superior example.