Empire State Building In a separate transaction, the land underneath the building was sold to Prudential Insurance for $29 million. Helmsley, Wein, and Malkin quickly started a program of minor improvement projects, including the first-ever full-building facade refurbishment and window-washing in 1962, the installation of new flood lights on the 72nd floor in 1964, and replacement of the manually operated elevators with automatic units in 1966. The little-used western end of the second floor was used as a storage space until 1964, at which point it received escalators to the first floor as part of its conversion into a highly-sought retail area. In
Empire State Building executive, John J. Raskob, members of the du Pont family, and former New York governor Al Smith, who was tasked with heading the corporation. The original design of the Empire State Building was for a 50-story office building. However, after fifteen revisions, the final design was for an 86-story 1,250-foot building, with an airship mast on top. This ensured it would be the world's tallest building, beating the Chrysler Building and 40 Wall Street, two other Manhattan skyscrapers under construction at the time that were also vying for that distinction. Demolition of the Waldorf–Astoria began in October 1929, and the