I seem to remember reading about this in Popular Science around that time. Of all the things I saw in that magazine, the space elevator made of carbon nanotubes was always the one that stuck with me. Though I seem to remember PopSci taking about harnessing an asteroid, or something, and putting it geosynchronous orbit, as a means to create the top anchor point. 25 years later, it seems just as far fetched.
Maybe you could have a HALO of THORNS (Telemetry homogeneous orbital restrainer nano-lattice stabilizer) - that have 13 satellite thrusters that can maintain the alignment of the nano-pillars... and have them sectionaly distributed as rings on the Z -- with tethered lattice of tubes tying it all together like a Chinese finger trap.
https://www.youtube.com/watch?v=RnofCyaWhI0 https://i.imgur.com/O9eWZnH.jpeg
and the carbon lattice is also a fuel-capillary system - that feed like a live thing...