330 North Wabash

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330 North Wabash
Information
Status Complete
Constructed 1973
Companies
Architect Ludwig Mies van der Rohe
Owner Prime Group Realty Trust

330 North Wabash (formerly IBM Plaza) is a skyscraper in downtown Chicago, Illinois, at 330 N. Wabash Avenue, designed by famed architect Ludwig Mies van der Rohe. A small bust of the architect by sculptor Marino Marini is displayed in the lobby. The 47-story building is situated on a plaza overlooking the Chicago River and is across the street from the construction site of the Trump International Hotel and Tower. If goes as planned, the tower will equal two of the building's height on top of each other. At 695 feet, 330 North Wabash is the second-tallest building by Mies van der Rohe, the tallest being the Toronto-Dominion Bank Tower at Toronto-Dominion Centre.

Like Chicago's Sears Tower, the building's corporate namesake no longer owns nor has offices in the building. IBM sold IBM Plaza to the Blackstone Group in 1996. IBM all but completed its move out of IBM Plaza as of early 2006, taking up space in the new Hyatt Center building closer to Union Station. Prominent law firm Jenner & Block is also vacating the building in favor of 350 North Clark Street. Trump's building will block IBM Plaza's views of Lake Michigan to the east, and the law firm occupies many of the top floors.

IBM Plaza has several design features that are rare in an office building but understandable given its original owner. The building's electrical system, environmental system, floor strength, and ceiling height (on certain floors) can support large "raised floor" computing centers. Also, the "banked" intelligent elevator system is a model of efficiency and rarely keeps anyone waiting for service. IBM Plaza stayed dry during the 1992 Chicago Flood.

Notable tenants as of 2006 include the Chicagoland Chamber of Commerce and several smaller law firms. However, with the departure of IBM and Jenner & Block, IBM Plaza could be over 50% vacant. Prime Group Realty Trust, soon to be acquired by Lightstone Group LLC, the building's current owner considered partially converting it to condominiums in 2006[1]. Those plans were soon abandoned. In 2007, plans were announced to convert floors two through fourteen of the fifty-two story building into a high-end hotel.

Contents

  1. ^ Alby Gallun. IBM Building going condo, too? Crain's Chicago Business, 1 January 2006.
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