Charles V. Paterno

Charles Paterno

Charles V. Paterno (1878–1946) was an Italian-American real estate developer and philanthropist, best known for his significant contributions to the skyline of New York City during the early 20th century. He was born in Castelmezzano, Italy, and immigrated to the United States with his family in 1889.

Early Life and Education

Charles Vincent Paterno was born on August 4, 1878, in Castelmezzano, a small village in the region of Basilicata, Italy. His family moved to the United States when he was 11 years old, settling in New York City. Paterno attended Cornell University, where he studied medicine and graduated in 1899. However, he chose to follow in his father's footsteps in the real estate business rather than pursue a career in medicine.

Real Estate Career

Paterno's real estate career began in earnest after the death of his father, John Paterno, who had been a successful builder. Charles and his brother, Joseph Paterno, took over the family business and expanded it significantly. They specialized in constructing luxury apartment buildings in Manhattan.

One of Paterno's most notable projects was the Castle Village complex, a series of five apartment buildings located in the Hudson Heights neighborhood of Manhattan. Completed in 1939, Castle Village was designed to provide residents with a suburban feel while still being within the city. The complex featured extensive gardens, playgrounds, and other amenities.

Another significant development by Paterno was the Hudson View Gardens, one of the first cooperative apartment complexes in New York City. Completed in 1924, it was designed to offer affordable housing options to middle-class families.

Philanthropy

In addition to his real estate ventures, Paterno was known for his philanthropic efforts. He donated generously to various causes, including education and healthcare. He was a major benefactor of Cornell University, his alma mater, and supported numerous hospitals and medical research initiatives.

Personal Life

Charles V. Paterno married Elvira Paterno, and the couple had three children. The family resided in a mansion on Riverside Drive in Manhattan, which was later demolished to make way for new developments.

Death and Legacy

Charles V. Paterno passed away on May 30, 1946. His contributions to the development of New York City's residential architecture left a lasting impact on the city's landscape. Many of the buildings he developed are still standing and continue to be sought-after residences.

See Also

• Real estate development
• New York City architecture
• Hudson Heights, Manhattan
• Cornell University