Know about -The Chrysler Building

The Chrysler Building is an Art Deco style skyscraper located on the East Side of Midtown Manhattan in New York City, at the intersection of 42nd Street and Lexington Avenue in the Turtle Bay neighborhood. At 1,046 feet (319 m),the structure was the world's tallest building for 11 months before it was surpassed by the Empire State Building in 1931. It is still the tallest brick building in the world, albeit with an internal steel skeleton. After the destruction of the World Trade Center, it was again the second-tallest building in New York City until December 2007, when the spire was raised on the 1,200-foot (365.8 m) Bank of America Tower, pushing the Chrysler Building into third position. In addition, The New York Times Building, which opened in 2007, is exactly level with the Chrysler Building in height. Both buildings were then pushed into 4th position, when the under construction One World Trade Center surpassed their height.

The Chrysler Building is a classic example of Art Deco architecture and considered by many contemporary architects to be one of the finest buildings in New York City. In 2007, it was ranked ninth on the List of America's Favorite Architecture by the American Institute of Architects. It was the headquarters of the Chrysler Corporation from 1930 until the mid-1950s. Although the building was built and designed specifically for the car manufacturer, the corporation did not pay for the construction of it and never owned it, as Walter P. Chrysler decided to pay for it himself, so that his children could inherit it.

The Chrysler Building was designed by architect William Van Alen for a project of Walter P. Chrysler.When the ground breaking occurred on September 19, 1928, there was an intense competition in New York City to build the world's tallest skyscraper. Despite a frantic pace (the building was built at an average rate of four floors per week), no workers died during the construction of this skyscraper.

Van Alen's original design for the skyscraper called for a decorative jewel-like glass crown. It also featured a base in which the showroom windows were tripled in height and topped by 12 stories with glass-wrapped corners, creating an impression that the tower appeared physically and visually light as if floating in mid-air.The height of the skyscraper was also originally designed to be 246 meters (807 ft). However, the design proved to be too advanced and costly for building contractor William H. Reynolds, who disapproved of Van Alen's original plan.The design and lease were then sold to Walter P. Chrysler, who worked with Van Alen and redesigned the skyscraper for additional stories; it was eventually revised to be 282 m (925 ft) tall. As Walter Chrysler was the chairman of the Chrysler Corporation and intended to make the building into Chrysler's headquarters, various architectural details and especially the building's gargoyles were modeled after Chrysler automobile products like the hood ornaments of the Plymouth; they exemplify the machine age in the 1920s (see below).

Construction commenced on September 19, 1928. In total, 391,881 rivets were used and approximately 3,826,000 bricks were manually laid, to create the non-loadbearing walls of the skyscraper.Contractors, builders and engineers were joined by other building-services experts to coordinate construction.

Prior to its completion, the building stood about even with a rival project at 40 Wall Street, designed by H. Craig Severance. Severance increased the height of his project and then publicly claimed the title of the world's tallest building.(This distinction excluded structures that were not fully habitable, such as the Eiffel Tower.) In response, Van Alen obtained permission for a 38-meter (125 ft) long spire and had it secretly constructed inside the frame of the building. The spire was delivered to the site in four different sections. On October 23, 1929, the bottom section of the spire was hoisted onto the top of the building's dome and lowered into the 66th floor of the building. The other remaining sections of the spire were hoisted and riveted to the first one in sequential order in just 90 minutes.

Upon completion on May 27, 1930, the added height of the spire allowed the Chrysler Building to surpass 40 Wall Street as the tallest building in the world and the Eiffel Tower as the tallest structure. It was the first man-made structure to stand taller than 1,000 feet (305 m). Van Alen's satisfaction in these accomplishments was likely muted by Walter Chrysler's later refusal to pay the balance of his architectural fee.Less than a year after it opened to the public on May 27, 1930, the Chrysler Building was surpassed in height by the Empire State Building, but the Chrysler Building is still the world's tallest steel-supported brick building.As of November 2, 2011, the building's height was surpassed by the under construction One World Trade Center at the height of 1,106 feet.

The east building wall of the base out of which the tower rises runs at a slant to the Manhattan street grid, following a property line that predated the Commissioners' Plan of 1811. The land on which the Chrysler Building stands was donated to The Cooper Union for the Advancement of Science and Art in 1902. The land was originally leased to William H. Reynolds, but, when he was unable to raise money for the project, the building and the development rights to the land were acquired by Walter P. Chrysler in 1928.Contrary to popular belief, the Chrysler Corporation was never involved in the construction or ownership of the Chrysler Building, although it was built and designed for the corporation and served as its headquarters until the mid-1950s. It was a project of Walter P. Chrysler for his children.

The ownership of the building has changed several times. The Chrysler family sold the building in 1953 to William Zeckendorf, and in 1957 it was purchased by Sol Goldman and Alex DiLorenzo, and owned by Massachusetts Mutual Life Insurance Company. The lobby was refurbished and the facade renovated in 1978–1979.The building was bought by Jack Kent Cooke in 1979. The spire underwent a restoration that was completed in 1995. In 1998, Tishman Speyer Properties and the Travelers Insurance Group bought the Chrysler Building and the adjoining Kent Building in 1997 for about $220 million (equal to $320 million in 2015) from a consortium of banks and the estate of Jack Kent Cooke. Tishman Speyer Properties had negotiated a 150-year lease on the land from Cooper Union and the college continues to own both the land under the Chrysler Building and the building itself. Cooper Union's name is on the deed.

In 2001, a 75% stake in the building management contract was sold, for US$300 million (equal to $400 million in 2015), to TMW, the German arm of an Atlanta-based investment fund. On June 11, 2008 it was reported that the Abu Dhabi Investment Council was in negotiations to buy TMW's 75% economic interest, and a 15% interest from Tishman Speyer Properties in the building, and a share of the Trylons retail structure next door for US$800 million. On July 9, 2008 it was announced that the transaction had been completed, and that the Abu Dhabi Investment Council was now the 90% owner of the building.