541 North Fairbanks Court, formerly the Time-Life Building, is a 404-foot-tall (123 m), 30-story skyscraper in Chicago, Illinois, designed by Harry Weese and completed in 1969. [1] Located on the Near North Side, it was among the first in the U.S. to use double-deck elevators. [2] The odd-numbered floors are accessible from the lower lobby, with even floors serviced from the upper level.
In 2014, the building was purchased by Northwestern Memorial Hospital, which already housed several back-office functions there, for $28 million (equivalent to $36 million in 2023). [3]. The Chicago Park District planned to vacate floors 3 through 7, which it used as its headquarters, in 2018. [4] It then negotiated an extension with rent of the lease while preparing a move to a new facility. [5]
Architecture
The structure is clad in Cor-Ten steel, the material used for the Daley Center and the Picasso sculpture in the Center's plaza. The metal rusts with age, an effect intended by the architects. The lobby floor is ½ level below ground, and an underground retail concourse is found another half level below. The coffered ceilings in the lobby and outdoor arcade are similar to Washington, D.C.'s subway system, designed by the same architect. [6] [7]
The 27-foot-high (8.2 m) lobby has a base of 87 feet (27 m) with 30-foot-wide (9.1 m) bay windows.
Awards
- In 1973, the architects won an Honor Award from the American Institute of Architects.
References
- ^ Sharoff, Robert (July 7, 2010). "On the Life and Work of Chicago Architect Harry Weese". Chicago. Retrieved October 19, 2018.
- ^ Strakosch, George R.; Caporale, Robert S., eds. (2010). The Vertical Transportation Handbook. John Wiley & Sons. ISBN 978-0-4709-1973-6.
- ^ 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–". Retrieved February 29, 2024.
- ^ Ori, Ryan (April 18, 2014). "Northwestern Memorial pays $80 million for Streeterville office tower". Crain's Chicago Business. Retrieved March 27, 2022.
- ^ Spielman, Fran (2020-12-10). "Park District headquarters in Brighton Park moves closer to reality". Chicago Sun-Times. Retrieved 2022-03-27.
- ^ Muschamp, Herbert (November 3, 1998). "Harry Weese, 83, Designer Of Metro System in Washington". The New York Times. Retrieved October 19, 2018.
- ^ Cilento, Karen (July 13, 2010). "A look into the life and work of Harry Weese". ArchDaily. Retrieved October 19, 2018.
External links
- Otis Fact Sheet (rev. 03/06); archived copy - mentions double-decked elevators
41°53′32″N 87°37′11″W / 41.8922°N 87.6198°W