Chrysler Building New York State Senator William H. Reynolds, the building was constructed by Walter Chrysler, the head of the Chrysler Corporation, and served as the corporation's headquarters from 1930 until the mid-1950s. The Chrysler Building's construction was characterized by a competition with 40 Wall Street and the Empire State Building to become the world's tallest building. Although the Chrysler Building was built and designed specifically for the car manufacturer, the corporation did not pay for its construction and never owned it, as Walter Chrysler decided to pay for it himself, so that his children could inherit it. When the Chrysler Building
The New York Times Building the site was assembled, it was leased to The New York Times Company and Forest City Ratner for $85.6 million over 99 years (considerably below market value). Additionally, The New York Times Company received $26.1 million in tax breaks. The "Times" itself occupies 628,000 square feet on the 2nd to 21st floors, with the remainder leased to tenants. On December 16, 2016, "The New York Times" announced that it was vacating at least 8 of the floors in order to generate rental income. The tower was designed by Renzo Piano Building Workshop and FXFOWLE Architects, with Gensler providing interior design.