500 Marquette Explained

500 Marquette
Alternate Name:Albuquerque Petroleum Building
Bank of the West Building
Cavan Building
Location:500 Marquette Avenue NW
Albuquerque, New Mexico
Coordinates:35.0879°N -106.6528°W
Status:Complete
Completion Date:1986
Building Type:Commercial offices
Roof:71.7m (235.2feet)
Floor Count:15
Floor Area:230000square feet
Elevator Count:6
Architect:Dwayne G. Lewis Architects
References:[1]

500 Marquette is a 15-story, 71.7m (235.2feet) high-rise office building located at 500 Marquette Avenue NW in Downtown Albuquerque, New Mexico. The building was designed by Dwayne Lewis Architects and was completed in 1986. It is the fourth tallest building in the city.

The top floor of the building was home to the Albuquerque Petroleum Club, a members-only dining club which closed in 2007.[2] During the 1990s, 500 Marquette was owned and managed by the Chicago-based EQ Office.

History

500 Marquette was built by Cavan Associates of Phoenix and opened in 1986, costing about $45 million in total.[3] Part of the project was an attached parking garage, also intended to serve the recently completed City-County Building via a pedestrian walkway above 5th Street. The city negotiated a deal to lease about half the garage for that purpose.[4] The office building struggled financially and went into foreclosure in 1989.[3] Later that year it was sold to EQ Office.[5] Bernalillo County was in negotiations to purchase the building in 2008, but ended up backing off from the deal due to the worsening financial crisis at the time.[6]

Architecture

500 Marquette is 235feet tall and has 15 stories, making it Albuquerque's fourth tallest building. Designed by Dwayne G. Lewis Architects, it consists of an 11-story trapezoidal block cantilevered over a four-story glass atrium, with a five-level parking garage extending to the south along 6th Street. The building has setbacks at the 8th and 10th floors and three corner balconies on the 5th through 7th floors. In front of the building entrance is a 12feet bronze sculpture by Allan Houser titled "The Future—Chiricahua Apache Family".[7]

See also

External links

Notes and References

  1. Web site: Emporis building ID 129656 . https://web.archive.org/web/20160704054657/https://www.emporis.com/buildings/129656 . dead . July 4, 2016 . Emporis.
  2. News: Gray . Autumn . The Petroleum Club Has Closed - Managers Cite Financial Woes . Albuquerque Journal . February 20, 2007 . NM . D7.
  3. News: Burks . Susanne . Foreclosure of Cavan Building nets $24.5 million . October 18, 2017 . Albuquerque Journal . June 10, 1989 . Newspapers.com.
  4. News: Martin . Jim . Parking garage deal cost city an extra million . October 18, 2017 . Albuquerque Journal . May 8, 1986 . Newspapers.com.
  5. News: Logan . Paul . Chicago-based fund takes over 500 Marquette building . October 18, 2017 . Albuquerque Journal . October 3, 1989 . Newspapers.com.
  6. News: McKay . Dan . What To Do With Debt? - County Borrowed, Didn't Buy Site . October 18, 2007 . Albuquerque Journal . June 1, 2009 . A1 . Newspapers.com.
  7. News: Arts Calendar . October 18, 2017 . Albuquerque Journal . September 19, 1986 . Newspapers.com.