Daily News from New York, New York • 238

4 DAItLV 1 Tis would give us the comfort of staying in pur own home. Instead of moving to a ne area, it would be like building a new 'V JAMES McGUIRE, who works on the floor of the NYSE NEWSr I 0 Landmark groups plan to fight Broad St. expansion proposal would enclose the exchange's 93-year-old Corinthian facade in the new glass structure. The plan also may involve the expansion of the new trading floor into the landmark buildings owned by J.P. Morgan across Broad St.

"Our first impression is we're not wild about this," said Peg Breen, president of the New York Landmarks Conservancy. "It would be blocking one of the most famous views in lower Manhattan." Preservationists also are concerned because the plan would shut down one of By PETER GRANT Daily News Business Writer Preservationists yesterday ripped a bold plan by the New York Stock Exchange to expand by taking over one of the most historic streets in the city. Landmark groups said they will likely fight the $100 million plan to build an eight-story glass atrium that extends the Big Board's trading floor over Broad Street at Wall Street. Exchange officials confirmed yesterday that they presented the plan to city LJ -n ti 1 nn 1 If1 a nil JJl I "Our first impression is we're not wild about this. It would be blocking one of the most famous views in lower Manhattan.

PEG BREEN, N.Y. LANDMARKS CONSERVANCY the most historic intersections in the city and spoil views looking up Broad St of the stock exchange and Federal Hall. Critics noted the area around the NYSE is so historic that the streets have been designated landmarks. "Closing off the street from the sky is a last resort that would be pretty hard to live with," said Brendan Sexton, officials last week as their first choice for dealing with the chronic space shortage. But they declined to comment on the landmark issues.

The exchange has not yet selected a developer for the project. But real estate industry sources say NYSE officials have discussed the project with Donald Trump, who had been try ing to interest them in constructing a new exchange building on piers over the East River. The Broad St. plan would shut down the thoroughfare to vehicular traffic and turn a slice of the famous street into private property. The new building would have street-level walkways for pedestrians.

Preservationists criticized the plan because it LIBERTY ST 3 4 president of the Municipal Arts Society. A spokeswoman for the city Landmarks Preservation Commission, which would have to approve the plan, declined comment because the exchange has not yet presented a detailed proposal. The stock exchange has been searching for more space for most of the 1990s to deal with new technology and the huge increase in trading volume and listings. An average of 410 million shares have exchanged hands daily this year, more than double the 1990 volume. A 1992 plan to build a huge trading floor and new skyscraper across Broad St, which had a $1 billion price tag, was rejected as too expensive.

The exchange also has looked at sites in Battery Park City, lower Broadway and Trump's East River plan. Stock exchange officials clearly prefer the Broad St plan, partly because it is the cheapest option. The exchange would be able to finance the cost of the development out of its $500 million capital reserve fund. Exchange members also like the idea of adding to their current facility rather than moving away from their historic roots. "This would give us the comfort of staying in our own home," said James McGuire, a specialist who works on the exchange floor.

"Instead of moving to a new area, it would be like building a new porch." 'Area of? 4 Co THE REVAMPED New York exchange would take over Broad though pedestrian walkways are planned. The plan would add 20,000 square feet of trading space to the 33,000 square feet that the exchange now has. Some 3,300 people work on the trading floor. Deputy Mayor Fran Reiter said yesterday that administration officials will examine the plan closely. She noted that the city wants the stock exchange to stay in the center of downtown Manhattan, which has suffered chronically high vacancy levels since the 1987 stock market crash.

But Reiter also acknowledged that the proposal raises a number of traffic and landmark issues. "I don't know whether or not it will fly," she said, THAMES sr B'KLYN Trinity 'JvF XT' 1 3 Church IVHwfPfM 1 4 I Federal I A Sl Hall I RECTOR ST I N.Y. Stock i I Exchange J.P. Morgan EXCHANGE to 5 co PL. TRINE GIEVER DAILY NtWS A.

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