This month in real estate history

A look back at some of New York City's biggest real estate stories

TRD New York /
Oct.October 16, 2013 04:30 PM

From the October issue: The owners of the Empire State Building publicly indicated that they were considering adding 11 floors to the 102-story tower 41 years ago this month.

The declaration came after the iconic tower was eclipsed as the tallest building in the world by the World Trade Center in Lower Manhattan.

Peter Malkin — an investor and manager of the building — said the owners were exploring the idea of demolishing the 16-story antennae tower at the top of the building as well as six of the top floors. They would then construct a new 33-story structure to top off the building. The new design would bring the building’s height to 1,494 feet, from 1,250 feet, and increase it to 113 stories.

“It is physically and financially feasible to do this, but we don’t yet have any definite decision,” Malkin told the New York Times.

The building, which was completed in 1931, was the tallest building in the world for nearly 40 years. But in 1971, the 110-story Twin Towers, at 1,368 feet, took the title, and the Sears Tower in Chicago was set to beat that within a few years.

The plan to increase the height of the Empire State Building, however, was never implemented.


Related Articles

arrow_forward_ios
Trump’s tax returns, Amazon gets into proptech: Daily digest

Trump’s tax returns, Amazon gets into proptech: Daily digest

Empire State Realty Trust's David A. Karp

Empire State Realty Trust’s CFO David Karp is stepping down

Time Equities CEO Francis Greenburger and Empire State Realty Trust CEO Anthony Malkin (Credit: Getty Images and iStock)

Going green has some city landlords seeing red

Infrastructure firm expands to more than 100K sf at Empire State Building

Infrastructure firm expands to more than 100K sf at Empire State Building

Anthony Malkin and the Empire State Building

Can ESRT finally fix its retail problem?

This real estate player paid $16K for Trump’s doodle of the Empire State Building

This real estate player paid $16K for Trump’s doodle of the Empire State Building

Empire State Building owner to spend up to $150M on new observatory entrance

Empire State Building owner to spend up to $150M on new observatory entrance

Anthony Malkin concerned over “PR bruise” from Trump travel ban

Anthony Malkin concerned over “PR bruise” from Trump travel ban

arrow_forward_ios