Ins and outs of Empire State Building

Empire State Building, a steel-framed skyscraper rising 102 stories, was completed in New York City in 1931 and was the tallest building in the world until 1971. The Empire State Building is located in Midtown Manhattan, on Fifth Avenue at 34th Street. It remains one of the most distinctive and famous buildings in the United States and is one of the best examples of Modernist Art Deco design.

At the time of its construction, there was fierce competition to win the title of tallest building in the world. The Chrysler Building claimed the title in 1929, and the Empire State Building seized it in 1931, its height being 1,250 feet (381 metres) courtesy of its iconic spire, which was originally intended to serve as a mooring station for airships. A 222-foot (68-metre) antenna was added in 1950, increasing the building’s total height to 1,472 feet (449 metres), but the height was reduced to 1,454 feet (443 metres) in 1985 when the antenna was replaced. (By that time One World Trade Center, officially opened in 1972, had become the tallest building in the world.)

The primary duo behind the construction of the Empire State Building was John J Raskob and Al Smith. Raskob, a self-made business mogul and onetime chairman of the General Motors Corporation finance committee, together with Smith, who was a former Democratic governor of New York, seemed like a strange pair on paper. In all likelihood, their lasting friendship was built on mutual recognition of their similar origin stories as children born to struggling immigrant Roman Catholic families. Raskob and Smith could appreciate the tactful hustling each had to do before vaulting into the public eye of America. Prior to setting forth plans for the Empire State Building in 1929, Smith enlisted Raskob to serve as chairman for the Democratic National Committee and as his own campaign manager for his second run at the presidency, in the 1928 US presidential election. His defeat, at the hands of Republican candidate Herbert Hoover, affirmed that the country was reluctant to risk the economic prosperity of the 1920s by electing a Democrat; it also indicated that voters were unwilling to elect a Roman Catholic who would potentially undermine majority Protestant values.

Following the loss of the 1928 election and his governorship in order to run for the presidency, Smith was left without a job. It is impossible to know whether to credit Raskob or Smith for the initial idea to build the skyscraper on the former site of the original Waldorf Astoria Hotel, but the two came to the conclusion that it would make for a simultaneously sensible and sensational joint project at the midpoint of their lives. Raskob would be a critical financier also tasked with recruiting other investors, and Smith was an affable public-facing, familiar figure to head the project. With the foundation of the Empire State Building Corporation and his new role as its president, Smith announced the plans for the record-breaking building on August 29, 1929. Its architects, Shreve, Lamb & Harmon Associates, designed a building that would surpass 100 stories.

Construction began 200 days later on March 17, 1930. Between the time that Smith made the announcement in August and construction began in March, however, the stock market crashed, in October of 1929, and the Great Depression began to take hold. Nevertheless, construction continued and proved an important source of jobs in New York City. The Empire State Building formally opened on May 1, 1931. Construction of the immense skyscraper took less time than anyone could have anticipated, concluding after only 410 days. Despite the publicity surrounding the Empire State Building, its opening was still heavily affected by the coinciding Great Depression; much of the office space remained unrented, to such an extent that the building was called “The Empty State Building.” It took almost 20 years for the building to become profitable.

Britannica