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Trump plans NYSE tower
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August 13, 1996: 6:18 p.m. ET
Exchange mulls move into proposed record-breaking skyscraper
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NEW YORK (CNNfn) -- Donald Trump is planning to build the world's tallest building at the end of Wall Street to house the New York Stock Exchange, according to published reports.
The 140-story New York Stock Exchange Tower, as the building would be named, would have 31/2 million square feet of office space, house up to 100,000 office workers and take 31/2 years to build.
At 1,792 feet tall, the proposed building would extend far above the neighboring World Trade Center, currently the fifth tallest building in the world.
"For Trump this is the ultimate," the New York Post quoted a Trump family friend as saying. "Donald is obsessed with that fact that New York should have the world's tallest building."
On Monday, the NYSE said it was mulling a move from its historic Wall Street headquarters, a 93-year-old building.
Both City Hall and NYSE Chief Executive Richard Grasso reportedly greeted the plan with "huge enthusiasm," citing the advantages of bringing the tallest building status back to the Big Apple.
Trump's NYSE plan is designed by architects Kohn Pedersen Fox, the same firm that designed Malaysia's skyscrapers.
The "Guinness Book of World Records" says the tallest building and free-standing tower in the world is the 1,815-foot-tall CN Tower in Toronto. The Oriental Pearl TV Tower in Shanghai, China, currently checks in as the world's biggest skyscraper at 1,534 feet tall. 
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