Dime Savings Bank
Please leave a vote or comment if you download this asset! This is a RICO commmercial building(5×6)
About the model
This is my last release before my holiday. Actually heading to the USA tomorrow. ? So I was looking for something I could do in 2 weeks and it came to my mind there’s no real proper “U” shaped building on the workshop. There’s some of those buildings in every city in the USA. The Dime Savings Bank looked like a good project to get my teeth into and I do love to expand on Detroit. So enjoy. ? Although this building is renamed to the Chrysler Building, I decided to keep the original name.
You can always follow my assetcreations on the Simtropolis forums: or on sketchfab:
This model has 14000 tris and a 3072×512 texture, with a diffuse, normal, alpha, illumination, color and specularmap.This model has a custom LoD, which is about 80 tris with a 512×256 texture, with a diffuse, color, specular and illumination map.
RICO
This building is RICO enabled. It will provide 1250 workers as a commercial building. I recommend using the realistic population mod, this will calculate the amount of occupants in the building.
About the building
The Dime Building is one of Detroit’s oldest skyscrapers, having towered over Griswold Street for more than a century.
But why did they call it the Dime? Because it was built by a bank.
The Dime Savings Bank of Detroit was founded in 1884. The institution was backed by only $60,000. With so little money in its vaults, it set out to lure as many customers as it could. And it came up with a novel idea. Anyone could open up a savings account at this bank, and you could open one with as little as 10 cents. And that, the story goes, is where the bank got its name. This story led one newspaper to quip that the bank was “begun with capital a few cents short of a shoestring – and a belief in the power of a dime.”
The dime deposit idea turned out to be a profitable one and was maintained for a number of years, “and there are a great many Detroiters whose first bank accounts started with a dime in the Dime Savings Bank,” The Detroit News wrote in 1929.
Under the leadership of its first president, Sullivan M. Cutcheon, the bank would grow by leaps and dimes. Upon his death in April 1900, Cutcheon was succeeded as president by William Livingstone Jr. It would be Livingstone who would lead the bank to greatness – and greater heights.
The Dime Bank was originally located in the triangle made by Griswold Street, Michigan Avenue and Lafayette Boulevard. As it grew out of those confines, it relocated to the Hammond Building. But the Dime continued to expand, swallowing up the Marine Savings Bank of Detroit in 1905, the Union National Bank of Detroit a year later, and the Citizens Savings Bank of Detroit in 1909. With all those banks – and all those customers – under one roof, it was gonna need a bigger home.
The bank enlisted American architectural master Daniel H. Burnham to design a 23-story skyscraper. Burnham would deck the 323-foot Neoclassical beauty out in the white terra cotta that was a trademark of his Chicago School of architecture. Work started in 1910, and the building was ready to go by 1912. The building housed the bank’s vaults and tellers on the first floor and offices – both for the bank and other tenants – above that.
In October 1925, Livingstone died in his office in the Dime Building. He would be succeeded by his youngest son, Thomas Witherell Palmer Livingstone. T.W. Livingstone was one month shy of his 34th birthday when he took the helm, making him one of the youngest bank presidents in the country. And it would be under his watch that the Dime Savings Bank would disappear.
On April 16, 1929, the board of Dime Savings Bank agreed to merge with the Merchants National Bank. At the time, Dime Bank’s deposits totaled more than $63 million – the equivalent of more than $794 million today. That’s 7.94 billion dimes, by the way. The merger with Merchants created the Bank of Michigan, which had assets of nearly $100 million, $1.26 billion today.
With the Dime Savings Bank gone, the landmark that bore its name became known as simply “the Dime Building.”
The building underwent a renovation in 1948. For a short time, the Dime was known as the Bank of the Commonwealth Building. Once that bank moved out of the ground floor, however, it went back to being called the Dime.
In June 2011, Quicken Loans founder Dan Gilbert added the Dime Building to his portfolio of downtown office buildings. Gilbert’s Rock Ventures LLC bought the Dime and its accompanying parking deck from Wells-Fargo Bank for about $15 million. On April 30, 2012, Chrysler Group LLC announced that the company would lease nearly 33,000 square feet and move its Great Lakes Business Center and some of its corporate functions into the Dime.
Changes
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