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The economics and future of skyscrapers
- July/August 1, 2025: Vol. 12, Number 7

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The economics and future of skyscrapers

by Jason Barr

In January 2024, the developer Scot Matteson of Matteson Capital announced his intention to erect a 1,907-foot skyscraper in Oklahoma City. If completed, it would be the tallest building in North America, and among the top 10 tallest in the world. Its height was chosen for symbolic reasons — 1907 was the year that Oklahoma was admitted to the union. Whether the tower is completed at its announced height remains to be seen. However, the developer’s success thus far suggests an interest in seeing it built, as it will serve as a beacon of OKC’s growth.

Meanwhile, in Manhattan, JPMorgan Chase is completing its new global headquarters. At 1,388 feet, it will be the eighth-tallest building in the United States, easily surpassing the height of the Empire State Building at 1,250 feet. Designed by Foster + Partners, the skyscraper will broadcast the bank’s continued success while accommodating 15,000 workers, clients, and guests.

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