From Wikipedia, the free encyclopedia
Skyscraper in Chicago
One Prudential Plaza
(formerly known as the
Prudential Building
) is a 41-story structure in
Chicago
completed in 1955 as the
headquarters
for
Prudential
's Mid-America company. It was the first skyscraper built in Chicago since the Great Depression of the 1930s and the Second World War. The plaza, including a second building erected in 1990, is owned by BentleyForbes and a consortium of New York investors, since the
Great Recession
of the early 21st century.
[1]
History of construction
[
edit
]
The structure was significant as the first new downtown
skyscraper
constructed in Chicago since the
Field Building
, 21 years earlier and was built on
air rights
over the
Illinois Central Railroad
.
[2]
It was the last building ever connected to the
Chicago Tunnel Company
's tunnel network. When the Prudential was finished it had the highest roof in Chicago with only the statue of
Ceres
on the
Chicago Board of Trade
higher. Its mast served as a broadcasting antenna for Chicago's
WGN-TV
.
[2]
The architect was Naess & Murphy, a precursor to C.F. Murphy & Associates and later Murphy/Jahn Architects.
[3]
Later purchase
[
edit
]
In May 2006, BentleyForbes, a Los Angeles-based real estate investment firm run by
Frederick Wehba
and his family, purchased One Prudential Plaza, along with its sister property,
Two Prudential Plaza
for $470 million.
[4]
After a default on the mortgage encumbering the towers during the
Great Recession
of the early 21st century, New York-based investors 601W Companies and Berkley Properties took control of the towers 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 building was the home of the
Chicago Tribune
and
Tribune Publishing
after leaving
Tribune Tower
in July 2018
[25]
until January, 2021.
[26]
See also
[
edit
]
Position in Chicago's skyline
[
edit
]
References
[
edit
]
- ^
Gapp, Paul (December 23, 1990).
"Too prudent Two Pru design is functional but uninspired"
.
Chicago Tribune
. p. 3.
- ^
a
b
Fuller, Ernest (December 9, 1955).
"Dedicate New Prudential 41 Story Building"
.
Chicago Tribune
. Retrieved
September 3,
2017
.
- ^
Heise, Kenan.
"CHARLES F. MURPHY, CHICAGO ARCHITECT"
.
chicagotribune.com
. Retrieved
2018-10-12
.
- ^
Gallun, Alby (May 30, 2006).
"BentleyForbes secures financing for Prudential Plaza purchase"
.
Crain's Chicago Business
. Retrieved
September 3,
2017
.
- ^
Ori, Ryan (September 8, 2015).
"Prudential Plaza gets new $415 million loan"
.
Crain's Chicago Business
. Retrieved
September 3,
2017
.
- ^
"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.
- ^
"Contact Us"
.
- ^
"Media Kit"
(PDF)
. Society of Women Engineers
. Retrieved
September 3,
2017
.
- ^
"About Us"
. AISC
. Retrieved
September 3,
2017
.
- ^
"Contact Us"
.
www.wilson.com
. 26 July 2017
. Retrieved
12 November
2018
.
- ^
"Contact"
.
Marketing Werks
. Retrieved
12 November
2018
.
- ^
"Update or Add Your Outlet Profile - Cision"
.
Cision
. Retrieved
12 November
2018
.
- ^
"Contact Us Conversion Alliance - Chicago Marketing Agency"
.
Conversion Alliance
. Retrieved
12 November
2018
.
- ^
"About - No Limit Agency"
.
No Limit Agency
.
- ^
"Contact Us"
.
Chicago Federation of Labor
. Retrieved
12 November
2018
.
- ^
"Education and Test Prep Editorial Contacts"
.
McGraw Hill Education
. Retrieved
12 November
2018
.
- ^
"Contact"
.
Vanderbilt Office Properties
. Retrieved
12 November
2018
.
- ^
"Contact Us - envisionit"
.
envisionit
. Retrieved
12 November
2018
.
- ^
"Office and Affiliate Locations - S&P Global Ratings"
.
www.spratings.com
. Retrieved
12 November
2018
.
- ^
"Contact Us"
.
www.bbandainc.com
. Retrieved
12 November
2018
.
- ^
"Contact Us - OppLoans"
.
OppLoans
.
- ^
Chicago, Hubbard.
"Contact Hubbard Chicago"
.
www.hubbardchicago.com
. Retrieved
12 November
2018
.
- ^
"Contact Us - Painters District Council 14"
.
pdc14.com
. Retrieved
12 November
2018
.
- ^
"Contact - Optiver"
.
optiver.com
. 2022-07-04
. Retrieved
2022-11-12
.
- ^
Kogan, Rick.
"Farewell to Tribune Tower: Friday we pack our boxes and depart what has been this newspaper's home"
.
Chicago Tribune
.
- ^
Ori, Ryan (2021-01-11).
"Chicago Tribune to exit Prudential Plaza, move newsroom to printing facility"
.
Chicago Tribune
. Retrieved
2024-02-10
.
External links
[
edit
]
|
---|
Areas
| |
---|
Skyscrapers
| |
---|
Education
| Primary and
secondary schools
| |
---|
Colleges and
universities
| |
---|
Libraries
| |
---|
|
---|
Government
buildings
| |
---|
Other landmarks
| |
---|
CTA
stations
| |
---|
Metra
stations
| |
---|
|
---|
International
| |
---|
National
| |
---|
Geographic
| |
---|