DYSPEPSIA GENERATION

We have seen the future, and it sucks.

Building Fast and Slow: The Empire State Building and the World Trade Center

24th November 2022

Read it.

The Empire State Building and the World Trade Center make for an interesting comparison. In many ways, they’re similar. They’re both iconic Manhattan skyscrapers (they were built just 3 miles apart) that sit right next to each other in the sequence of “world’s tallest building”. Both started out as projects aimed at creating (among other things) a large amount of commercial office space, and were later nudged by their owners into becoming the world’s tallest building. Both were completed in the midst of a severe economic downturn (the Great Depression and the 1973 Oil Shock, respectively), and took many years to be fully occupied. The Empire State Building would be only partially occupied through the 1930s (making money largely from visitors to the observation deck), and the owners were only saved from bankruptcy because the lender (MetLife) didn’t want the building. It wouldn’t start to turn a profit until after WWII. Similarly, the World Trade Center didn’t reach full occupancy in 1980. In both cases the building owners had to coerce government agencies to use much of the available space.

Comments are closed.