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Two Prudential Plaza

Two Prudential Plaza is a 64-story skyscraper located in the Loop area of Chicago, Illinois. At 995 ft tall, it is the seventh-tallest building in Chicago as of 2022 and the 33rd-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 firm Loebl 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

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 chevron setbacks on the north and south sides, a pyramidal peak rotated 45°, and an 80 ft spire.

The building is attached to One 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 by Frederick Wehba and his family, purchased Two Prudential Plaza, along with its sister property, One Prudential Plaza for $470 million (equivalent to $ in ).[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 (more than $ in ) in equity to recapitalize.[5] BentleyForbes continues to have an interest in the owning partnership.[6]

Tenants

The Consulate General of Canada in Chicago is located in Suite 2400.[7] The Flag 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, including WBBM, WBBM-FM, WBMX, WXRT, WUSN, WSCR and WCFS.

In popular culture

The building and the plaza appear in the 1994 film Richie Rich as Rich Industries Inc.[8]

Gallery

Position in Chicago's skyline

See also

  • List of buildings and structures
  • List of tallest buildings
  • List of tallest buildings in Chicago
  • List of tallest buildings in the United States
  • List of tallest buildings and structures

External links

References

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