City National Plaza Explained

City National Plaza
Alternate Names:ARCO Center
ARCO Plaza
ARCO Plaza North Tower
ARCO Plaza South Tower
Atlantic Richfield Towers
Bank of America Tower
Los Angeles Twin Towers
Former Names:ARCO Plaza (1972–2005)
Location:505-555 South Flower Street
Los Angeles, California
Coordinates:34.0508°N -118.2569°W
Map Type:Los Angeles#California#USA
Start Date:1969
Completion Date:1972
Building Type:Commercial offices
Roof:213.3m (699.8feet)
Floor Count:52
Elevator Count:64
Architect:Albert C. Martin & Associates
Main Contractor:Robert E. McKee, Inc.
Management:CommonWealth Partners
References:[1]

City National Plaza is a twin tower skyscraper complex on South Flower Street in western Downtown Los Angeles, California, United States. It was originally named ARCO Plaza upon opening in 1972.

History

Richfield Tower

The present complex is on the site of the landmark Richfield Tower, that was designed in the Art Deco style by Morgan, Walls & Clements, and completed in 1929. It was the headquarters of the Atlantic Richfield oil company. It was demolished in the spring of 1969.

ARCO Plaza

The current skyscraper complex was built as the ARCO Plaza, with a pair of 213.3m (699.8feet) 52-story office towers. The northernmost tower became the new world headquarters for the Atlantic Richfield Company (ARCO), the present day Paul Hastings Tower. The southern tower became the Los Angeles headquarters of the Bank of America.[2] An underground shopping complex was accessed by open escalators from the street level plaza.

Upon completion in 1972,[3] the ARCO Plaza towers were the tallest buildings in the city for one year before being overtaken by Aon Center, and were the tallest twin towers in the world until the completion of the World Trade Center in New York City. The towers are the tallest twin buildings in the United States outside of New York City, where the 55-floor Time Warner Center stands at 750feet.

In 1986, joint owners ARCO and Bank of America sold the buildings to Shuwa Investments Corp., the American subsidiary of Shuwa Co. of Tokyo, for $650 million while both remained tenants in their respective named towers.[4] Shuwa later sold the property in 2003 to Thomas Properties Group and other investors for $270 million.[5] [6] [7]

The towers are constructed of steel frames covered with polished panels of forest green granite and panes of bronze glass. In 2016, the exterior of the top two floors and the service roof of The Paul Hastings Tower were modified on the north, east, and south flanks to house their upgraded headquarters and offices. This modification features silver trim and panes of light green glass panels.

City National Plaza

The ARCO Plaza complex was renamed City National Plaza in 2005,[8] and the south and north towers, respectively, were renamed City National Tower and Paul Hastings Tower.[9] The low-rise building at the back of the plaza is known as the Jewel Box, and is occupied by the Gensler architectural firm. Gensler moved from Santa Monica to the Jewel Box in 2011.[10]

The plaza includes a monumental sculpture-fountain, Double Ascension by artist Herbert Bayer.

Tenants

"Jewel Box"

Paul Hastings Tower

City National Bank Tower

Shopping center

ARCO Plaza opened with a 220000adj=onNaNadj=on shopping center on two levels which gained attention for the novelty of a shopping center within an office tower complex and for its sleek design of brick walkways, tiled and mirrored escalator wells and fresh flowers. There were over 40 shops and services and over 10 restaurants including “François”.[22] During the 2004 renovation, the lower shopping level was converted to parking and today the one remaining level is a food court.[23]

In popular culture

See also

References

Further reading

Notes and References

  1. Web site: Emporis building complex ID 102022 . https://web.archive.org/web/20160307023809/https://www.emporis.com/complex/102022 . dead . March 7, 2016 . Emporis.
  2. Web site: ARCO...A Global Energy Company. Atlantic Richfield Company. 9 December 1997. 11 November 2010. https://web.archive.org/web/19980113043324/http://www.arco.com/. 13 January 1998. dead.
  3. News: L.A. Grows Up . . October 1, 1972 . N33 . Weaver . John D. . subscription . The latest additions to L.A.'s urban landscape are the twin 52-story towers of Atlantic Richfield Plaza--a mammoth, $188-million office complex and shopping center that rises on the same square block at Fifth and Flower where the old, gold-spired... . .
  4. News: Arco, B of A Will Sell Twin Tower Complex in L.A. : Deal With U.S. Unit of Shuwa Co. in Japan Will Give Both Needed Cash . . August 5, 1986 . John M. . Broder.
  5. News: Developer to Buy Arco Plaza: Once considered L.A.'s best corporate address, the complex is sold for $270 million, less than half its purchase price 16 years ago. . . January 18, 2003 . Roger . Vincent.
  6. News: Thomas Properties Moves to Arco Plaza . . March 12, 2003 . .
  7. News: Thomas Properties angling to buy out CalSTRS in joint venture . . July 22, 2013 . Roger . Vincent.
  8. Thomas Properties Group Signs Law Firm Fulbright & Jaworski at Arco Plaza . . August 9, 2004 . .
  9. News: Arco Tower to Become Paul Hastings Tower. Los Angeles Times. Jesus. Sanchez . December 14, 2001. 21 March 2017.
  10. Web site: Architecture firm Gensler to move from Santa Monica to downtown L.A.. 2011-02-04. Los Angeles Times. en-US. 2019-10-03.
  11. News: Roger Vincent . Architecture firm Gensler to move from Santa Monica to downtown L.A. . Los Angeles Times . February 4, 2011 . 4 January 2013.
  12. Web site: Locations | Crowell & Moring LLP. https://web.archive.org/web/20120614051625/http://crowell.com/Offices. dead. June 14, 2012. www.crowell.com.
  13. Web site: Regus Office Space in Los Angeles . 2012-07-14 . https://web.archive.org/web/20120710020730/http://www.regus.com/office-space/united-states/los-angeles . 2012-07-10 . dead .
  14. Web site: Law Firm Takes Two Floors in City National Tower. 2012-07-14. 2016-03-03. https://web.archive.org/web/20160303225659/http://www.costar.com/News/Article/Law-Firm-Takes-Two-Floors-in-City-National-Tower/88184. dead.
  15. Web site: Thomas Properties Group Signs Law Firm Fulbright & Jaworski At City National Plaza. https://archive.today/20130204182542/http://ir.tpgre.com/phoenix.zhtml?c=178549&p=irol-newsArticle_print&ID=634450&highlight=. dead. February 4, 2013.
  16. Web site: Jones Day's Los Angeles office relocates to City National Tower In downtown L.A. . 2012-07-14 . https://web.archive.org/web/20190110024233/https://www.jonesday.com/jones-days-los-angeles-office-relocates-to-city-national-tower-in-downtown-la-07-13-2005/ . 2019-01-10 . dead .
  17. Web site: Los Angeles – Downtown. katten.com.
  18. Web site: Kroll Office Locations . 2012-07-14 . https://web.archive.org/web/20110810015803/http://www.kroll.com/contact/office-locations/ . 2011-08-10 . dead .
  19. Web site: Rottet Studio. Rottet Studio.
  20. Web site: Turner Construction Office Network: Los Angeles / Anaheim . Turner Construction . 16 July 2012.
  21. Web site: Los Angeles | White & Case LLP. www.whitecase.com.
  22. News: Los Angeles Times . November 30, 1973. Arco Plaza offers top variety. Los Angeles, California . 141.
  23. https://www.laconservancy.org/locations/city-national-plaza “City National Plaza”