About Mutual of New York Building
1740 Broadway (formerly the MONY Building or Mutual of New York Building) is a 25-story building owned by Vornado Realty Trust on a trapezoid lot on the northern edge of Times Square in New York City. The building has long been famous for the 150-foot (46 m) high tower and weather star advertising the insurance company under its acronym MONY. It was the inspiration for the Tommy James & The Shondells song Mony Mony. The weather star (which no longer is tied to weather predictions although it still flashes time and temperature) had a green star featuring fair, orange star for cloudy, flashing orange for rain, flashing white for snow, rising tower lights for rising temperatures, falling tower lights for falling temperature and steady temperature. In January 2008, the MONY sign was taken down by Vornado and replaced with the address of "1740." Mutual Life Insurance Company of New York built the building in 1950 for its corporate headquarters. The architect Shreve, Lamb and Harmon also designed the Empire State Building. It left the building after being acquired by AXA. Mutual Insurance had been renamed MONY Life Insurance Company in 1998.