Ever think about owning a piece of the Empire State Building? Well, you could. Because after months of behind the scenes battles, the owners are going to put shares on sale, and the public may finally get a chance to buy a piece of a great New York landmark.
The real estate family that controls the 102 story, Art Deco tower could move ahead as soon as this week to sell shares, making it one of the largest IPO’s ever.
And who wouldn’t want to embrace a part of the Empire State Building as King Kong so famously did. Its a masterpiece of architecture, that’s inspired some of the most romantic scenes in cinema, from an Affair to Remember to Sleepless in Seattle.
New York City Architecture historian Anthony Robins thinks it’s a great idea, and wants to own a piece. He says he thinks of the building as his own personal building, and believes most New Yorkers feel that way.
He says it was the culmination of a race for the tallest skyscraper in the late 1920’s. It was originally supposed to only be 86 stories, but the designer was afraid the Chrysler building, which was completed just 12 months earlier, had a secret hidden spire of some kind, and once the Empire State was finished, would send it up into the sky, topping the ESB. So just to be sure, they added 16 more stories, the top of which was meant to be a docking place for dirigibles. But they hadn’t considered the wind factor that high up, and so that idea — docking dirigibles — never worked.
The addition, though, made it the tallest skyscraper in the world at the time, a record that stood for 40 years.
And maybe as soon as October, you could buy a piece of this iconic property.