History: Construction Of Empire State Building

The Empire State Building is the third tallest skyscraper in the Americas (after the Willis Tower and Trump International Hotel and Tower both in Chicago), and the 15th tallest in the world. It is also the fourth tallest freestanding structure in the Americas. The Empire State building is currently undergoing a $550 million renovation, with $120 million to be utilized in an effort to transform the building into a more energy efficient and eco-friendly structure.
The site of the Empire State Building was first developed as the John Thompson Farm in the late 18th century. At the time, a stream ran across the site, emptying into Sunfish Pond, located a block away. Beginning in the late 19th century the block was occupied by the Waldorf-Astoria Hotel, frequented by The Four Hundred, the social elite of New York.