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Two Prudential Plaza

Coordinates:41°53′08″N87°37′22″W / 41.88556°N 87.62278°W /41.88556; -87.62278
From Wikipedia, the free encyclopedia
Skyscraper in Chicago, Illinois

Two Prudential Plaza
Two Prudential Plaza in May 2016
Two Prudential Plaza is located in Chicago metropolitan area
Two Prudential Plaza
Location within Chicago metropolitan area
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Two Prudential Plaza is located in Illinois
Two Prudential Plaza
Two Prudential Plaza (Illinois)
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Two Prudential Plaza is located in the United States
Two Prudential Plaza
Two Prudential Plaza (the United States)
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General information
StatusCompleted
TypeMixed use
Location180 N. Stetson Av.
Chicago,Illinois
United States
Coordinates41°53′08″N87°37′22″W / 41.88556°N 87.62278°W /41.88556; -87.62278
Construction started1988
Completed1990
Height
Architectural995 ft (303 m)[1]
Top floor820 ft (250 m)
Technical details
Floor count64[1]
Floor area1,399,986 sq ft (130,063.0 m2)[1]
Design and construction
ArchitectsLoebl Schlossman & Hackl
Stephen T. Wright
Structural engineerCBM Engineers Inc.
Main contractorTurner Construction Company
Website
onetwopru.com
References
[1]

Two Prudential Plaza is a 64-storyskyscraper located in theLoop area ofChicago,Illinois. At 995 feet (303 m) tall, it is the seventh-tallest building in Chicago as of 2022[update] and the28th-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 firmLoebl 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

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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 chevronsetbacks on the north and south sides, a pyramidal peak rotated 45°, and an 80-foot (24 m) spire.

The building is attached toOne 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 byFrederick Wehba and his family, purchased Two Prudential Plaza, along with its sister property,One Prudential Plaza for $470 million (equivalent to $733 million in 2024[4]).[5]

In 2015, BentleyForbes defaulted on the mortgage for the towers due to theGreat Recession and New York–based investors 601W Companies and Berkley Properties took control of the property after investing more than $100 million (more than $133 million in 2024[4]) in equity to recapitalize.[6] BentleyForbes continues to have an interest in the owning partnership.[7]

Tenants

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TheConsulate General of Canada in Chicago is located in Suite 2400.[8] TheFlag 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, includingWBBM,WBBM-FM,WBMX,WXRT,WUSN,WSCR andWCFS.

In popular culture

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

Gallery

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Two Prudential Plaza
  • Pictured in 2015
    Pictured in 2015
  • Pictured in 2006
    Pictured in 2006
  • Building top in 2014
    Building top in 2014
  • 2004 with the Smurfit-Stone in foreground
    2004 with the Smurfit-Stone in foreground
  • Aon Center
    Aon Center
  • Grant Park North
    Grant Park North
  • Three Chicago Towers
    Three Chicago Towers
  • 2006
    2006
  • From Lake Shore Drive
    From Lake Shore Drive

Position in Chicago's skyline

[edit]
The skyline of a city with many large skyscrapers; in the foreground is a green park and a lake with many sailboats moored on it. Over 30 of the skyscrapers and some park features are labeled.

See also

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References

[edit]
  1. ^abcde"Two Prudential Plaza - The Skyscraper Center".Council on Tall Buildings and Urban Habitat. Archived fromthe original on February 2, 2013.
  2. ^Gapp, Paul (December 23, 1990)."Too prudent Two Pru design is functional but uninspired".Chicago Tribune. p. 3.
  3. ^ab"Two Prudential Plaza, Chicago".Emporis. Archived from the original on January 2, 2007. RetrievedJuly 17, 2009.
  4. ^ab1634–1699:McCusker, J. J. (1997).How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States: Addenda et Corrigenda(PDF).American Antiquarian Society. 1700–1799:McCusker, J. J. (1992).How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States(PDF).American Antiquarian Society. 1800–present:Federal Reserve Bank of Minneapolis."Consumer Price Index (estimate) 1800–". RetrievedFebruary 29, 2024.
  5. ^Gallun, Alby (May 30, 2006)."BentleyForbes secures financing for Prudential Plaza purchase".Crain's Chicago Business. RetrievedSeptember 3, 2017.
  6. ^Ori, Ryan (September 8, 2015)."Prudential Plaza gets new $415 million loan".Crain's Chicago Business. RetrievedSeptember 3, 2017.
  7. ^"Gleicher Leads NY Investors in Acquisition of Controlling Interest of Chicago's Prudential Plaza Office Towers".Olshan Frome Wolosky LLP (Press release). June 6, 2013.
  8. ^"Contact UsArchived 2009-04-04 at theWayback Machine."Consulate-General of Canada in Chicago. Retrieved on January 31, 2009.
  9. ^Nicole, Alycia (March 23, 2011)."Chicago's Most Famous Movie Spots".WBBM News. RetrievedFebruary 10, 2016.

External links

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