Olympic Tower glitterati of that time. The planned use of the building was a groundbreaking concept at that time because it was the first mixed use zoned for Fifth Avenue, which had 21 floors of offices, 30 of condominiums and high-end retail on the first floor. It was constructed by shipping magnate Aristotle Onassis and his company, Victory Development, in joint venture partnership with Arlen Realty & Development Corporation. Olympic Tower was designed by the architectural firm of Skidmore, Owings and Merrill, notable for designing Willis Tower, the former Sears Tower and John Hancock Center in Chicago, among many other high-rise buildings
Willis Tower unfinished World Trade Center to become the world's tallest building. The height was restricted by a limit imposed by the Federal Aviation Administration (FAA) to protect air traffic. The financing of the tower was provided by the Sears company. It was topped with two antennas to permit local television and radio broadcasts. Sears and the City of Chicago approved the design, and the first steel was put in place in April 1971. The structure was completed in May 1973. The construction cost about US$150 million at the time, equivalent to $ million in 2019. By comparison, Taipei 101, built in