Two Prudential Plaza Explained

Two Prudential Plaza
Location:180 N. Stetson Av.
Chicago, Illinois
United States
Coordinates:41.8856°N -87.6228°W
Map Type:Chicago#Illinois#USA
Status:Complete
Top Floor:820feet
Architectural:995feet[1]
Floor Count:64
Building Type:Mixed Use
Start Date:1988
Completion Date:1990
Floor Area:1399986square feet
Architect:Loebl Schlossman & Hackl
Stephen T. Wright
Main Contractor:Turner Construction Company
Structural Engineer:CBM Engineers Inc.

Two Prudential Plaza is a 64-story skyscraper located in the Loop area of Chicago, Illinois. At tall, it is the seventh-tallest building in Chicago and the 28th-tallest in the U.S., being only five feet from 1,000 feet, making it the closest of any building under 1,000.[1] Built in 1990, the building was designed by the firm Loebl Schlossman & Hackl, with Stephen T. Wright as the principal in charge of design.[2] It has received eight awards, including winning the Best Structure Award from the Structural Engineers Association of Illinois in 1995.[3]

History

Construction started in 1988, and Two Prudential Plaza was completed in 1990. At the time of completion, Two Prudential was the world's tallest reinforced concrete building. Its distinctive shape features stacked chevron setbacks on the north and south sides, a pyramidal peak rotated 45°, and an 80feet spire.

The building is attached to One Prudential Plaza (formerly known as the Prudential Building) since 1992. Without its spire, the building's height is still slightly greater than that of One Prudential Plaza's pinnacle.[3]

In May 2006, BentleyForbes, a Los Angeles–based real estate investment firm run by Frederick Wehba and his family, purchased Two Prudential Plaza, along with its sister property, One Prudential Plaza for $470 million (equivalent to $ in).[4]

In 2015, BentleyForbes defaulted on the mortgage for the towers due to the Great Recession and New York–based investors 601W Companies and Berkley Properties took control of the property after investing more than $100 million (more than $ in) in equity to recapitalize.[5] BentleyForbes continues to have an interest in the owning partnership.[6]

Tenants

The Consulate General of Canada in Chicago is located in Suite 2400.[7] The Flag of Canada is flown next to that of the United States in the building's Lake Street plaza.

Audacy occupies the ninth to twelfth floors, including WBBM, WBBM-FM, WBMX, WXRT, WUSN, WSCR and WCFS.

In popular culture

The building and the plaza appear in the 1994 film Richie Rich as Rich Industries Inc.[8]

See also

External links

Notes and References

  1. Web site: Two Prudential Plaza - The Skyscraper Center . https://archive.today/20130202112957/http://skyscrapercenter.com/chicago/two-prudential-plaza/ . dead . 2013-02-02 . Council on Tall Buildings and Urban Habitat .
  2. News: Too prudent Two Pru design is functional but uninspired. Gapp. Paul. Chicago Tribune. December 23, 1990. 3. subscription .
  3. Web site: Two Prudential Plaza, Chicago. https://web.archive.org/web/20070102112233/http://www.emporis.com/en/wm/bu/?id=2prudentialplaza-chicago-il-usa. dead. January 2, 2007. Emporis. 2009-07-17.
  4. News: May 30, 2006. BentleyForbes secures financing for Prudential Plaza purchase. Alby. Gallun. Crain's Chicago Business. September 3, 2017.
  5. News: September 8, 2015. Prudential Plaza gets new $415 million loan. Ryan . Ori. Crain's Chicago Business. September 3, 2017.
  6. Gleicher Leads NY Investors in Acquisition of Controlling Interest of Chicago's Prudential Plaza Office Towers. June 6, 2013. Olshan Frome Wolosky LLP.
  7. "Contact Us ." Consulate-General of Canada in Chicago. Retrieved on January 31, 2009.
  8. Web site: Chicago's Most Famous Movie Spots. March 23, 2011. 2016-02-10. WBBM News. Nicole. Alycia.