U.S. Bank Tower (Los Angeles)

"U.S. Bank Tower" redirects here. For other uses, see U.S. Bank Tower (disambiguation).

U.S. Bank Tower
Former names	Library Tower First Interstate Bank World Center
General information
Type	Commercial offices
Location	633 West Fifth Street Los Angeles, California
Coordinates	34.05101°N 118.254355°W / 34.05101; -118.254355
Construction started	1987
Completed	1989
Cost	US$350 million
Height
Architectural	310.3 m (1,018 ft)
Top floor	294.92 m (967.6 ft)
Technical details
Floor count	73 2 below ground
Floor area	1,300,000 sq ft (120,000 m2)
Lifts/elevators	24
Design and construction
Owner	Overseas Union Enterprise
Management	Hines Interests
Architect	Pei Cobb Freed & Partners Ellerbe Becket
Developer	Maguire Properties
Structural engineer	CBM Engineers James A. Knowles & Associates
Main contractor	Turner Construction Company
References

U.S. Bank Tower, formerly Library Tower and First Interstate Bank World Center, is a 310.3 m (1,018 ft) skyscraper at 633 West Fifth Street in downtown Los Angeles, California. It is the tallest building in California, the tenth-tallest in the United States, the tallest west of the Mississippi River,and the 63rd tallest building in the world. Because local building codes require all high-rise buildings to have a helipad, It was known as the tallest building in the world with a roof-top heliport from its completion in 1989 to 2004 when Taipei 101 opened. It is also the second tallest building in a major active seismic region; its structure was designed to resist an earthquake of 8.3 on the Richter scale. It consists of 73 stories above ground and two parking levels below ground. Construction began in 1987 with completion in 1989. The building was designed by Henry N. Cobb of the architectural firm Pei Cobb Freed & Partners and cost $350 million to build. It is one of the most recognizable buildings in Los Angeles, often used in establishing shots for the city in films and television programs. The building made a notable appearance in Independence Day, in which it is the first structure destroyed during an alien invasion.

Ownership

U.S. Bank Tower in Los Angeles was sold to Overseas Union Enterprise Ltd (OUE), a hotel and property group controlled by Indonesia's Lippo Group. OUE, an Singapore-based hotel and property company run by Indonesian billionaire Stephen Riady, acquired the tower and other related assets for $367.5 million. OUE, which last year lost out in a bidding war with Thai billionaire Charoen Sirivadhanabhakdi for Fraser and Neave, will acquire the 72-floor office building, the adjacent Maguire Gardens park, and a car park from a unit of Los Angeles-based real-estate investment trust MPG Office Trust Inc.

Mochtar Riady, Founder of Lippo Group, conglomerate whose interests include property, retailing, media, health care and hospitality, Mochtar Riady gets a big boost this year from new information on the family's holdings. Older son James, who oversees interests in Indonesia, and younger son Stephen, who runs expanding overseas empire from Singapore, share fortune. Through their Overseas Union Enterprise, Stephen is waging a battle against Thai tycoon Charoen Sirivadhanabhakd for control of Singapore's Fraser and Neave, potentially Southeast Asia's largest M&A deal.

History

The building is also known as Library Tower because it was built as part of the $1 billion Los Angeles Central Library redevelopment area following two disastrous fires in 1986, and its location across the street. The City of Los Angeles sold air rights to the developers of the tower to help pay for the reconstruction of the library. The building was also known for a time as First Interstate Bank World Center but the name Library Tower was restored after First Interstate Bancorp merged with Wells Fargo Bank. In March 2003 the property was leased by U.S. Bancorp and the building was renamed U.S. Bank Tower. Residents, however, generally continue to refer to it as Library Tower.

The tower has a large glass crown at its top that is illuminated at night. The crown is lighted with red and green during the Christmas holiday season and lit red around Saint Valentine's Day. It is also lit with purple and gold when the Los Angeles Lakers are playing in the NBA Playoffs and blue and white on Opening Day for the Los Angeles Dodgers and when the Dodgers are playing in the playoffs. The crown was also lit with red, white and blue during the July 4 holidays, but that practice ended in 2003.

On February 28, 2004, two 23 m (75 ft) “U.S. Bank” logo signs were installed on the crown, amid controversy for their effect on the aesthetic appearance of the building, much like the previous First Interstate Bank logos were placed on the crown between 1990 and 1998. First Interstate Bank's “I” logo on the crown was in the 1993 Guinness Book of World Records for highest placed logo.

Terrorist target

On June 16, 2004, the 9/11 Commission reported that the original plan for the September 11 attacks called for the hijacking of ten planes, one of which was to be crashed into the building.

On October 6, 2005, House officials stated that the government had foiled a previously undisclosed second plot to crash a plane into the building in mid-2002. In his televised 2006 State of the Union Address, President George W. Bush asserted that American counterterrorism officials foiled a plot to fly planes into the tower, which he erroneously identified as “Liberty Tower”. According to President Bush, Al-Qaeda leader Khaled Sheikh Mohammed's plan was to use Asian confederates from Jemaah Islamiyah recruited by Islamic militant Hambali for the hijacking. President Bush asserted the hijackers were going to use shoe bombs to breach the plane's cockpit door. Some counter-terrorism experts have expressed doubt that the plot was ever fully developed or likely to occur.

Major tenants

• Akin Gump Strauss Hauer & Feld
• Cornerstone Research
• Jenner & Block
• McCormick & Schmick's
• Thomson West
• U.S. Bancorp
• White & Case
• Littler Mendelson

Gallery

• 

  From The Maguire Gardens of the Los Angeles Public Library

• 

  From Hope and 8th Streets

• 

  From South Hope street

• 

  Lit in purple and gold to root on the Los Angeles Lakers advancement into the 2009 NBA Finals

• 

  With the AT&T Switching Center to the left and Mellon Bank Plaza to the right

• 

  The US Bank Tower, the tallest structure west of the Mississippi River

• 

  (From left to right)The Citibank Center, The US Bank Tower, and The Gas Company Tower in Downtown Los Angeles

• 

  The US Bank Tower towering over Central Library in Downtown Los Angeles

See also

• 50 Tallest buildings in the U.S.
• List of tallest buildings in Los Angeles
• List of tallest buildings by U.S. state

External links

• U.S. Bank Tower website at MPG Office Trust
• Outline of the 9-11 Plot (Staff Statement No. 16, National Commission on Terrorist Attacks)
• Building Profile
• List of Tenants @ U.S. Bank Tower - Companies located at 633 W 5th Street, Los Angeles, CA