This month in real estate history

A look back at some of New York City's biggest real estate stories
By Adam Pincus | October 16, 2013 04:30PM

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.