One of the biggest office landlords in Texas has announced that he wants to build a very tall tower in either Chicago, Los Angeles, or Houston. Zaya Younan, who’s been in the real-estate business for five years, wants to show the world how tall a building he can erect. How tall is that?
. . . he doesn’t want a building that will barely rate a mention in the history books, a delicate titleholder surpassed in some Asian capital before its paint dries. “I want it to be the tallest for as long as I am alive,” Younan told the Sun-Times. . . .
The chairman of Younan Properties Inc. said that to build something with a lengthy hold on the record, he’ll need about 500 feet of cushion between his building’s height and any probable competitors.
By today’s standards, that means going up about 3,000 feet. It’s Sears Tower times two. It could cost $4 billion.
The Chicago Sun-Times article declares that the wealthy and powerful L.A. developer “is not crazy.” Younan Properties owns and manages the Norfolk “Tower” (it looks maybe ten stories tall; see the photo above) at Greenbriar and 59 in Houston. The company is the top office landlord in Dallas and the third-largest owner of Class A office space in Texas.
Houston airspace height restrictions blah blah blah downtown blocks too small a base blah blah blah free publicity in three cities blah blah blah.
- Towering ambition [Chicago Sun-Times, via HAIF]
- Younan Properties