Variety store The originators of the concept were the Woolworth Bros., in July 1879. Woolworth Bros. later became F. W. Woolworth Company or just "Woolworth's." On 21 June 1879, Frank Winfield Woolworth opened his first successful five-cent store in Lancaster, Pennsylvania, after a failed attempt with a store he opened on 22 February 1879, in Utica, New York. Frank soon brought his brother Charles Sumner "Sum" Woolworth into the business. Together they opened a second store in Harrisburg, Pennsylvania, on 18 July 1879. Before they started their own stores, the Woolworth brothers worked for Augsbury and Moore, a dry goods store in
Woolworth Building to lease them as office space. The project will cost approximately $150 million including its $68 million purchase price. In August 2014, the New York Attorney General's office approved Alchemy's offering plan for condos at the newly branded Woolworth Tower Residences. The $110 million price tag for the building's penthouse unit is the highest asking price ever for an apartment in downtown Manhattan. At the building's completion, the F. W. Woolworth Company occupied only one and a half floors of the building, but, as the owner, profited from renting space out to others, including the Irving National Exchange Bank and