Equitable Building (Atlanta)
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| Equitable Building | |
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| General information | |
| Location | Atlanta, Georgia, USA |
| Constructed | 1966-1968 |
| Use | office |
| Height | |
| Roof | 453 ft. (138 m) |
| Technical details | |
| Floor count | 33 |
| Companies involved | |
| Architect | Skidmore, Owings and Merrill |
| Owner | Equastone 100 Peachtree, LLC |
The Equitable Building is a 35-story, 453 foot (138 m) tall office building in Atlanta, Georgia, located at 100 Peachtree Street in the Fairlie-Poplar neighborhood in Downtown Atlanta. A typical example of an International-style skyscraper, the building was designed by Chicago based architectural firm Skidmore, Owings and Merrill, and was constructed in 1968 on the site of the former Piedmont Hotel.
The building was owned by Equitable Life Assurance Society from 1968 to 1997, when it was sold to Chicago-based LaSalle Advisors for almost $36 million. In 2007 it was purchased by Equastone 100 Peachtree LLC for 57 million.
Due to the late-2000s recession, the value of the building has dropped by more than 25%, and the building is 50% vacant. As of April 2009[update], the building is in foreclosure, and will be auctioned on May 5. Equastone owes 52 million dollars to Capmark Bank, and thus is upside-down on its mortgage.
On June 2, 2009 the building was put up for auction in Atlanta. The only bidder, 100 Peachtree Street Atlanta LLC, an affiliate of Capmark Bank, bought the building for $29.5 million [1].
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[edit] 2008 tornado
On March 14, 2008, the Equitable Building sustained minor damage, mainly shattered windows, when a tornado tore through downtown Atlanta. It was the first tornado to hit the downtown area since weather record keeping began in the 1880s.[2][3]
- See article: 2008 Atlanta tornado outbreak.
[edit] See also
[edit] References
- ^ , The Atlanta Journal-Constitution, http://www.ajc.com/services/content/business/stories/2009/06/02/equitable_building_auctioned.html?cxtype=rss&cxsvc=7&cxcat=6, retrieved June 2, 2009
- ^ Tornado Kills 1, Pummels Downtown by Tim Eberly and Paul Shea for the Atlanta Journal and Constitution, March 15, 2008. Retrieved March 15, 2008.
- ^ Atlanta Tornado: The Aftermath: Landmarks Take a Hit by Rhonda Cook et al. for the Atlanta Journal and Constitution, March 16, 2008. Retrieved March 16, 2008.
[edit] External links
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