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Plaza 440

Coordinates:41°53′24″N87°37′36″W / 41.889998°N 87.626646°W /41.889998; -87.626646
From Wikipedia, the free encyclopedia
Condominium building in Chicago, Illinois

Plaza 440
Plaza 440 (center) as seen from theMichigan Avenue Bridge. Also in this photo:Trump Tower Chicago (left),River Plaza (right),Wrigley Building (seen both on the right and on the left as a reflection off the Trump Tower glass windows).
Map
Interactive map of Plaza 440
General information
TypeResidential
Location440 North Wabash Avenue
Chicago,Illinois
Coordinates41°53′24″N87°37′36″W / 41.889998°N 87.626646°W /41.889998; -87.626646
Completed1992
ManagementCommunity Specialists
Height
Architectural146.31 m (480 ft)[1]
Technical details
Floor count49
Design and construction
ArchitectSolomon Cordwell Buenz
DeveloperJohn Buck Company

Plaza 440 is a 49-story residential condominium building located in downtownChicago,Illinois.

Originally built in 1992, it underwent acondominium conversion in 2005. The building contains 457 residential units[2] and shares a 2,000,000-square-foot (190,000 m2)mixed-use development[3] with a 336-roomMarriott hotel and a 400-space parking garage.[4] It rises from the northwest corner of Wabash and Hubbard streets in theRiver North district of Chicago'sNear North Side.

Plaza 440 was designed bySolomon, Cordwell, Buenz and Associates,[5] built by theJohn Buck Company and originally managed by its subsidiary, theJohn Buck Management Group. The building opened to residents in October 1991, but construction was not fully completed until 1992.[3] 90% of the building's units were leased by August 1992.[6] Plaza 440 was the last residentialhigh-rise built in Chicago for years to come.[7]

The building was sold toAmerican Invsco in September 2004 at a price ofUS$107 million. The previous owners,Archstone-Smith, had purchased the building two years previously for US$24 million.[8] This is the current equivalent of US$178 million and US$42 million, respectively.[9]

External links

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References

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  1. ^"Plaza 440". Phorio. RetrievedDecember 28, 2012.
  2. ^Corfman, Thomas A. (June 30, 2004). "Condominium conversion is planned for Chicago's River North neighborhood".Chicago Tribune.
  3. ^abMoore, Judy (February 9, 1992). "Near North high-rise offers the luxury of open space".Chicago Sun-Times. p. 14.
  4. ^Oser, Alan S. (May 3, 1992). "Perspectives: New Housing in Chicago; Where Bargains for Renters are 'Terrific'".The New York Times.
  5. ^"About Plaza 440 Residences". Archived fromthe original on September 14, 2008. RetrievedDecember 8, 2008.
  6. ^Sall, Jon (August 16, 1992). "Convenient Plaza 440 Has No Problem Filling Units".Chicago Sun-Times. p. 5.
  7. ^Rumbler, Bill; Les Hausner; David Mack (March 23, 1997). "Weighing the pros and cons of credit scoring Determined home sellers wouldn't buy defeat Upscale high-rise construction stalls in Chicago".Chicago Sun-Times. p. 4.
  8. ^Elphinstone, J.W. (January 11, 2005)."Archstone Shuffles Its Multi-Family Portfolio with Sale and Buy". Commercial Property News Online. RetrievedDecember 4, 2008.[permanent dead link]
  9. ^1634–1699: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.
Tallest buildings
Selected buildings
with 20 or more
floors
Chicago Landmark
skyscrapers with
12 or more floors
See also
Buildings initalics have been demolished.


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