Tall Skyscrapers of the Financial District, including 40 Wall Street Building, Center; Manhattan, New York City
Tall Skyscrapers of the Financial District, Manhattan, New York City - October 2004. The building in the center is the 40 Wall Street Building, completed in 1930.
MORE ABOUT THE 40 WALL STREET BUILDING:
The 40 Wall Street Building was built in 1928-1930 for the Bank of the Manhattan.
The building was best known for its race for the world's tallest building neck to neck with the Chrysler Building. Built simultaneously with the rivaling building, both made design revisions as they were being built to add height, first with a raised spire in the Chrysler Building, countered by a heightened pyramid roof in the 40 Wall St. Finally, on November 12, 1929, the 70-story building was topped out with the raised pyramidal top and lantern, the builders being certain that they'd won. But when the Chrysler Building's secretly-raised needle-like vertex, raised three weeks earlier, was finally publicized, 40 Wall was left to hold the second place in skyscraper rankings.
Donald Trump bought a 500-year leasehold on the building in 1995 and started a massive, and badly needed, renovation. Originally intended as a half-commercial, half-residential property, with the lower 35 stories for offices and the top 35 for apartments, the "new" 40 Wall was after all retained as a commercial-only building. In 2003, Trump put the building on the block, but the highest bids fell short of his expected $400 million price and the building remains in Trump's hands.