The Empire State Building is a 102-story landmark in New York City, United States, at the intersection of Fifth Avenue and West 34th Street. It is 1,250 ft (381 meters) tall. Its name is derived from the nickname for New York, the Empire State. It stood as the world's tallest building for more than 40 years, from its completion in 1931 until construction of the World Trade Center's North Tower was completed in 1972. Following the destruction of the World Trade Center in 2001, the Empire State Building once again became the tallest building in New York City.
The Empire State Building has been named by the American Society of Civil Engineers as one of the Seven Wonders of the Modern World. The building and its street floor interior are designated landmarks of the New York City Landmarks Preservation Commission, and confirmed by the New York City Board of Estimate. It was designated as a National Historic Landmark in 1986. In 2007, it was ranked number one on the List of America's Favorite Architecture according to the AIA. The building is owned and managed by W&H Properties. The Empire State Building is currently the third tallest skyscraper in the United States (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 utilized in an effort to transform the building into a more energy efficient and eco-friendly structure.