Why New York’s Most Opulent Mansion Was Demolished (Charles M. Schwab Mansion)

The Charles M. Schwab Mansion was an awe-inspiring residential monument to an era when the city's elite - like its steel magnate owner - wielded their wealth with an ostentatious display of power. Of course with all of this once standing in beautiful granite reality, one can’t help but wonder - how did such a remarkable monument to excess meet its fateful end in a cloud of dust and rubble, replaced by cheap apartments?