One Prudential Plaza

The plaza, including a second building erected in 1990, is owned by BentleyForbes and a consortium of New York investors, since the Great Recession of the early 21st century.

[1] The structure was significant as the first new downtown skyscraper constructed in Chicago since the Field Building, 21 years earlier and was built on air rights over the Illinois Central Railroad.

[3] In May 2006, BentleyForbes, a Los Angeles-based real estate investment firm run by Frederick Wehba and his family, purchased One Prudential Plaza, along with its sister property, Two Prudential Plaza for $470 million.

[4] After a default on the mortgage encumbering the towers during the Great Recession of the early 21st century, New York-based investors 601W Companies and Berkley Properties took control of the towers 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.

The structure being built in the 1950s
in 1964
1943 view from One Prudential Plaza location
The skyline of a city with many large skyscrapers; in the foreground is a green park and a lake with many sailboats moored on it. Over 30 of the skyscrapers and some park features are labeled. 311 South Wacker Willis Tower Chicago Board of Trade Building 111 South Wacker AT&T Corporate Center Kluczynski Federal Building 333 South Wabash Chase Tower Three First National Plaza Mid-Continental Plaza Richard J. Daley Center Chicago Title and Trust Center 77 West Wacker Pittsfield Building Leo Burnett Building The Heritage at Millennium Park Crain Communications Building IBM Plaza One Prudential Plaza Two Prudential Plaza Aon Center Blue Cross and Blue Shield Tower 340 on the Park Park Tower Olympia Centre 900 North Michigan John Hancock Center Water Tower Place Harbor Point The Parkshore North Pier Apartments Lake Point Tower Jay Pritzker Pavilion Buckingham Fountain Lake Michigan Lake Michigan Lake Michigan