London Guarantee Building

London Guarantee Building

The London Guarantee Building entrance commemorates Fort Dearborn at top
Location 360 North Michigan Avenue
Chicago, Illinois
Coordinates 41°53′17″N 87°37′30″W / 41.888°N 87.625°W / 41.888; -87.625Coordinates: 41°53′17″N 87°37′30″W / 41.888°N 87.625°W / 41.888; -87.625
Built 1923
Architect Alfred S. Alschuler
Designated April 16, 1996
Location of London Guarantee Building in Chicago

The London Guarantee Building or London Guaranty & Accident Building is a historic building whose primary occupant is the LondonHouse Chicago Hotel[1] Formerly known as the Stone Container Building,[2] it is located near the Loop in Chicago, and is one of four 1920s skyscrapers that surround the Michigan Avenue Bridge (the others are the Wrigley Building, Tribune Tower and 333 North Michigan Avenue) and is a contributing property to the Michigan–Wacker Historic District. It stands on part of the former site of Fort Dearborn and the building was designated a Chicago Landmark on April 16, 1996.[3]

History

The London Guarantee & Accident Building was designed by Chicago architect Alfred S. Alschuler and completed in 1923 for the London Guarantee & Accident Company, an insurance firm that was then its principal occupant.[4] The top of the building resembles the Choragic Monument of Lysicrates in Athens, but it is supposedly modelled after the Stockholm Stadshus.[5] It is located in the Michigan–Wacker Historic District. The building stands on the property formerly occupied by the Hoyt Building from 1872 until 1921.[6] The LondonHouse name is an homage to the first owner of the 1923 Beaux Arts tower: the London Guaranty & Accident Co., an insurance company.[7]

From the 1960s through the 1980s, the studios of Chicago's popular WLS (AM) radio were located on the fifth floor of the building.[8] For several decades, Paul Harvey performed his daily syndicated radio show from studios on the fourth floor. The building was also famous from the 1950s through the early 1970s for The London House, the famous Chicago jazz nightclub and steakhouse that was located on the west side of the building's first floor; it had its own entrance on Wacker Drive. It was one of the foremost jazz clubs in the country, once home to such luminaries as Oscar Peterson, Ramsey Lewis, Bill Evans, Dave Brubeck, Marian McPartland, Cannonball Adderley, Erroll Garner, Ahmad Jamal, Nancy Wilson, Barbara Carroll, Bobby Short and many others.[9]

In the 1980s and 1990s TV show Perfect Strangers, the building's exterior was used as the home of the fictional newspaper Chicago Chronicle.

In 2001, the building was acquired by Crain Communications Inc. and was referred to as the Crain Communications Building.Crain Communications and other office tenants occupied the tower until Oxford Capital paid $53 million for the property.[7] Crain sold the building during the summer of 2013 to a Chicago hotel developer, Oxford Capital Group, which remodeled the structure into a 452-room hotel, with the addition of a modern glass addition on an adjacent plot.[10][11]Goettsch Partners-designed the new 22-story addition on a parcel immediately west of the structure.[12] On April 15, 2016, Oxford Capital Group sold the 452-room hotel, but also agreed to a 25-year contract to lease back and manage the hotel. Oxford, however, retained ownership of first and second floor retail space.[13]

Gallery

Notes

  1. ↑ "London Guarantee Building". Emporis. 2007. Retrieved 2014-08-30.
  2. ↑ J. Linn Allen. "Not that Stone Container Building, this one-got it?" Chicago Tribune. February 23, 1993. 1.
  3. ↑ "London Guarantee Building". City of Chicago Dept. of Pl. and Devpmt., Landmarks Div. 2003. Retrieved 2007-05-19.
  4. ↑ "London Guarantee Building". Emporis. 2007. Retrieved 2014-08-30.
  5. ↑ "London Guarantee Building". Emporis. 2007. Retrieved 2014-08-30.
  6. ↑ Mayer, Harold M. and Richard C. Wade (1969). Chicago: Growth of a Metropolis. University of Chicago Press.
  7. 1 2 David Matthews LondonHouse Hotel To Open in Landmark London Guarantee Building Next Spring dnainfo.com February 12, 2015
  8. ↑ http://www.radiotimeline.com/am89wls.htm. 5.
  9. ↑ curiocollection.com Hilton Worldwide Welcomes Chicago’s “LondonHouse” to Curio – A Collection by Hilton March 05, 2015
  10. ↑ "Hospitality Watch: London Guarantee Building". Curbed Chicago. July 29, 2013. Retrieved August 30, 2014.
  11. ↑ "Development Watch: London Guarantee Building Will Contain 450 Hotel Rooms". Curbed Chicago. April 4, 2014. Retrieved August 30, 2014.
  12. ↑ Maidenberg, Micah and Ryan Ori (February 12, 2015). "LondonHouse, Hyatt Centric hotels are coming downtown". Crain's Chicago Business. Retrieved April 20, 2016.
  13. ↑ Ori, Ryan (April 17, 2016). "LondonHouse hotel sells for record price". Crain's Chicago Business. Retrieved April 20, 2016.


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