Two Prudential Plaza

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Two Prudential Plaza
Two Prudential Plaza Chicago in May 2016.jpg
2 Prudential Plaza (center) and the Aon Center (right) with the 1 Prudential Plaza (left)
Two Prudential Plaza is located in Chicago metropolitan area
Two Prudential Plaza
Two Prudential Plaza is located in Illinois
Two Prudential Plaza
Two Prudential Plaza is located in the US
Two Prudential Plaza
Location within Chicago metropolitan area
General information
Status Complete
Type Mixed Use
Location 180 N. Stetson Av.
Chicago, Illinois
United States
Coordinates 41°53′08″N 87°37′22″W / 41.88556°N 87.62278°W / 41.88556; -87.62278Coordinates: 41°53′08″N 87°37′22″W / 41.88556°N 87.62278°W / 41.88556; -87.62278
Construction started 1988
Completed 1990
Height
Architectural 995 ft (303 m)[1]
Top floor 820 ft (250 m)
Technical details
Floor count 64[1]
Floor area 1,399,986 sq ft (130,063.0 m2)[1]
Design and construction
Architect Loebl Schlossman & Hackl
Stephen T. Wright
Structural engineer CBM Engineers Inc.
Main contractor Turner Construction Company
References
[1]

Two Prudential Plaza is a 64-story skyscraper that was built in the Loop area of Chicago, Illinois, United States in 1990. At 995 feet (303 m) tall, it is currently the sixth-tallest building in Chicago and the seventeenth tallest in the United States, being only 5 feet from 1000 feet, making it the closest of any building under 1000.[1] The building was designed by the firm Loebl Schlossman & Hackl, with Stephen T. Wright as the principal in charge of design.[2] It has been honored with 8 awards, including winning the Best Structure Award from the Structural Engineers Association of Illinois in 1995.[3]

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 80-foot (24 m) spire.

The building is attached to One Prudential Plaza (formerly known as the Prudential Building). 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.[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 in equity to recapitalize.[5] BentleyForbes, the prior controlling owner of the towers, continues to have an interest in the owning partnership.[6]

Tenants[edit]

The Consulate General of Canada in Chicago is located in Suite 2400.[7]

The Taipei Economic and Cultural Office of the Republic of China is on the 57th and 58th floors of the building.[8]

CBS Radio occupies the ninth through twelfth floors, including WBBM, WBBM-FM, WBMX, WXRT, WUSN, WSCR and WCFS

In popular culture[edit]

The building and the plaza appear in the 1994 film Richie Rich as Rich Industries Inc.[9]

See also[edit]

Position in Chicago's skyline[edit]

311 South Wacker Willis Tower Chicago Board of Trade Building 111 South Wacker AT&T Corporate Center Kluczynski Federal Building CNA Center Chase Tower Three First National Plaza Mid-Continental Plaza Richard J. Daley Center Chicago Title and Trust Center 77 West Wacker Pittsfield Building Leo Burnett Building The Heritage at Millennium Park Crain Communications Building IBM Plaza One Prudential Plaza Two Prudential Plaza Aon Center Blue Cross and Blue Shield Tower 340 on the Park Park Tower Olympia Centre 900 North Michigan John Hancock Center Water Tower Place Harbor Point The Parkshore North Pier Apartments Lake Point Tower Jay Pritzker Pavilion Buckingham Fountain Lake Michigan Lake Michigan Lake MichiganThe skyline of a city with many large skyscrapers; in the foreground are a green park and a lake with many sailboats moored on it. Over 30 of the skyscrapers and some park features are labeled.

References[edit]

  1. ^ a b c d e "Two Prudential Plaza - The Skyscraper Center". Council on Tall Buildings and Urban Habitat. 
  2. ^ Gapp, Paul (December 23, 1990). "Too prudent Two Pru design is functional but uninspired". Chicago Tribune. p. 3. (Subscription required (help)). 
  3. ^ a b "Two Prudential Plaza, Chicago". Emporis. Retrieved 2009-07-17. 
  4. ^ Gallun, Alby (May 30, 2006). "BentleyForbes secures financing for Prudential Plaza purchase". Crain's Chicago Business. Retrieved September 3, 2017. 
  5. ^ Ori, Ryan (September 8, 2015). "Prudential Plaza gets new $415 million loan". Crain's Chicago Business. Retrieved September 3, 2017. 
  6. ^ "Gleicher Leads NY Investors in Acquisition of Controlling Interest of Chicago's Prudential Plaza Office Towers" (Press release). Olshan Frome Wolosky LLP. June 6, 2013. 
  7. ^ "Contact Us." Consulate-General of Canada in Chicago. Retrieved on January 31, 2009.
  8. ^ "Home." Taipei Economic and Cultural Office Chicago. Retrieved on January 31, 2009.
  9. ^ Nicole, Alycia (March 23, 2011). "Chicago's Most Famous Movie Spots". WBBM News. Retrieved 2016-02-10. 


External links[edit]