Two Prudential Plaza

The Two Prudential Plaza is a 64-story skyscraper located in the Loop area of Chicago, Illinois, United States. At 995 feet (303 m) tall, it is currently the sixth-tallest building in Chicago and the seventeenth-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 been honored with 8 awards, including winning the Best Structure Award from the Structural Engineers Association of Illinois in 1995.[3]

Two Prudential Plaza
Two Prudential Plaza in May 2016
Location within Chicago metropolitan area
Two Prudential Plaza (Illinois)
Two Prudential Plaza (the United States)
General information
StatusComplete
TypeMixed Use
Location180 N. Stetson Av.
Chicago, Illinois
United States
Coordinates41°53′08″N 87°37′22″W
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
ArchitectLoebl Schlossman & Hackl
Stephen T. Wright
Structural engineerCBM Engineers Inc.
Main contractorTurner Construction Company
References
[1]

History

Construction started in 1988, and The 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-foot (24 m) 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.[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]

The building is also the new home of the Chicago Tribune and tronc, Inc. after leaving Tribune Tower in July 2018.[7]

Tenants

The Consulate General of Canada in Chicago is located in Suite 2400.[8] The Flag of Canada is flown next to that of the United States in the building's Lake Street plaza.

The Taipei Economic and Cultural Office of the Republic of China is on the 57th and 58th floors of the building.[9]

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

The building and the plaza appear in the 1994 film Richie Rich as Rich Industries Inc.[10]

Position in Chicago's skyline

311 South Wacker111 South WackerChase Tower77 West WackerIBM PlazaAon CenterBlue Cross and Blue Shield TowerPark TowerHarbor Point

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

See also

References
  1. "Two Prudential Plaza - The Skyscraper Center". Council on Tall Buildings and Urban Habitat. Archived from the original on 2013-02-02.
  2. Gapp, Paul (December 23, 1990). "Too prudent Two Pru design is functional but uninspired". Chicago Tribune. p. 3.
  3. "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". Olshan Frome Wolosky LLP (Press release). June 6, 2013.
  7. Kogan, Rick. "Farewell to Tribune Tower: Friday we pack our boxes and depart what has been this newspaper's home".
  8. "Contact Us Archived 2009-04-04 at the Wayback Machine." Consulate-General of Canada in Chicago. Retrieved on January 31, 2009.
  9. "Home." Taipei Economic and Cultural Office Chicago. Retrieved on January 31, 2009.
  10. Nicole, Alycia (March 23, 2011). "Chicago's Most Famous Movie Spots". WBBM News. Retrieved 2016-02-10.
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