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Old Posted May 14, 2008, 9:47 AM
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Stratosphere Stratosphere is offline
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Smile NEW YORK | NYSE Tower | 1,792 FT / 546 M | 140 FLOORS | NEVER BUILT

August 13, 1996

Trump plans NYSE tower
Exchange mulls move into proposed record-breaking skyscraper

NEW YORK (CNNfn) -- Donald Trump is planning to build the world's tallest building at the end of Wall Street to house the New York Stock Exchange, according to published reports.

The 140-story New York Stock Exchange Tower, as the building would be named, would have 3 1/2 million square feet of office space, house up to 100,000 office workers and take 3 1/2 years to build.

At 1,792 feet tall, the proposed building would extend far above the neighboring World Trade Center, currently the fifth tallest building in the world.

"For Trump this is the ultimate," the New York Post quoted a Trump family friend as saying. "Donald is obsessed with that fact that New York should have the world's tallest building."

On Monday, the NYSE said it was mulling a move from its historic Wall Street headquarters, a 93-year-old building.

Both City Hall and NYSE Chief Executive Richard Grasso reportedly greeted the plan with "huge enthusiasm," citing the advantages of bringing the tallest building status back to the Big Apple.

Trump's NYSE plan is designed by architects Kohn Pedersen Fox, the same firm that designed Malaysia's skyscrapers.

The "Guinness Book of World Records" says the tallest building and free-standing tower in the world is the 1,815-foot-tall CN Tower in Toronto. The Oriental Pearl TV Tower in Shanghai, China, currently checks in as the world's biggest skyscraper at 1,534 feet tall.


A tall order, even for Trump

Bloomberg Business News

Donald Trump is back in the public eye with a proposal to build the world's tallest building in Manhattan to house the New York Stock Exchange.

Trump told the New York Post that if the NYSE decides to move to another location -- the exchange announced this week that it's considering such a move -- he would build it a new home just a few blocks away from the exchange's current cramped digs at 18 Broad St.

Trump's plan, which has not been accepted by the exchange, calls for a 140-story building that would rise 1,792 feet tall -- to commemorate the exchange's founding in 1792.

Building the tower might be the easy part because Trump would still have to find tenants.

"Clearly, the market has too much available space as it is," said Howard Grufferman, a New York real estate broker. "It's a little premature to be doing out of the ground construction."

A more likely scenario, Grufferman said, would be for the exchange to move into an existing building.

Last edited by Stratosphere; May 14, 2008 at 10:03 AM.
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