| Palmolive Building | |
| Designated Other1 Name: | Chicago Landmark |
| Designated Other1 Date: | February 16, 2000 |
| Designated Other1 Abbr: | CL |
| Designated Other1 Link: | Chicago Landmark |
| Designated Other1 Color: |
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| Location: | 919 N Michigan Avenue, Chicago, IL 60611, US |
| Coordinates: | 41.8998°N -87.6239°W |
| Built: | 1929 |
| Architect: | Holabird & Root |
| Architecture: | Art Deco |
| Added: | August 21, 2003 |
| Refnum: | 03000784 |
The Palmolive Building, formerly the Playboy Building, is a 37-story Art Deco building at 919 N. Michigan Avenue in Chicago.
Designed by Holabird & Root, the Palmolive Building was completed in 1929 as the home of the Colgate-Palmolive-Peet Company.
Playboy Enterprises purchased the leasehold in 1965 and the structure was renamed the Playboy Building. It was home to the editorial and business offices of Playboy magazine until 1989, when Playboy moved its offices to 680 N Lake Shore Drive. Playboy had sold the leasehold in 1980 and signed a 10-year lease that expired in 1990. The new leaseholder renamed the building 919 North Michigan Avenue.[1]
During the time that Playboy was in the building, the word P-L-A-Y-B-O-Y was spelled out in 9feet illuminated letters on the north and south roofline.[2] The building was designated a Chicago Landmark in 2000,[3] and it was added to the federal National Register of Historic Places in 2003.
In 2001, the building was sold to developer Draper and Kramer who, with Booth Hansen Architects, converted it to residential use, with the first two floors dedicated to upscale office and retail space. High-end condos make up the rest of the building. The new owners restored the building's name to the Palmolive Building. The business address remains 919 North Michigan Avenue; however, the residential address is 159 East Walton Place. Notable residents of the building include Vince Vaughn, who bought a 12000ft2 triplex penthouse encompassing the 35th, 36th and 37th floors for $12 million.[4] In February 2013, Vaughn offered the penthouse for sale as a pocket listing for $24.9 million. However, after multiple price cuts he chose in May 2016 to divide the unit in two, offering one for $8.5 million, and the other smaller unit for $4.2 million.[5]
A beacon named for the aviator Charles Lindbergh was added to the building in 1930. It rotated a full 360 degrees and was intended to help guide airplanes safely to Midway Airport.[6] The beacon beamed for several decades, and ceased operation in 1981 following complaints from residents of nearby buildings. During the Palmolive Building's conversion to condominiums in the late 2000s, the beacon was modified to rotate back and forth, always pointing towards the waterfront, so as to avoid shining light into other buildings. Subsequently, the historic beacon resumed operation.