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Jul 16, · CHICAGO, Illinois (CNN) -- Sears Tower is history. As of Thursday, the iconic Chicago, Illinois, skyscraper is now named Willis Tower. It still looks the same, but Sears Tower in Chicago, . Willis Tower, formerly (–) Sears Tower, skyscraper office building in Chicago, Illinois, located at South Wacker Drive, that is one of the world’s tallest buildings. The Sears Tower opened to tenants in , though construction was not actually completed until Built for Sears, Roebuck and Company, the structure reaches floors and a height of 1, feet ( metres), excluding .
For the latest business news and markets data, please visit CNN Business. The story office tower, formerly seads the Sears Tower, is a landmark in Chicago and one of the tallest buildings in the world. The private equity giant, which specializes in buying up companies and properties on the cheap, sees the tower as both a tourist attraction and a play on Chicago's growing business district.
Related: Inside New York City's priciest apartments. The sellers, including an Illinois real estate firm called American Landmark Properties, stand to make a tidy profit on the transaction. The Willis Tower was renamed in after the insurance broker Willis Group Holdings leased the naming rights. However, many locals still refer to the landmark skyscraper as the Sears Tower. The Sears Tower was opened in and is 1, feet tall, including its antenna. New York City's Freedom Tower, completed last year, stands at 1, feet tall at its highest point.
We're no longer maintaining this page. The observation deck at Willis Tower. Personal Finance. CNNMoney Sponsors. SmartAsset Paid Partner. These are your 3 financial advisors near you This site finds how is a convex lens similar to a concave mirror compares 3 financial advisors in your area Check this off your list before retirement: talk to an advisor Answer these questions to find the searw financial advisor for you Find CFPs in your area in 5 minutes.
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Jul 16, · The story skyscraper has been known as Sears Tower since it opened in Its original tenant, Sears Roebuck and Co., moved out in . Jul 17, · Sears Tower now called Willis Tower Chicago may not embrace name. The building, once the tallest in the world, was opened in Willis Group Holdings secured the naming rights as . After 18 years, Sears Roebuck and Company sold the tower and moved out of the building. In the building was renamed Willis Tower after the Willis Group Holdings, the global insurance broker who calls the Tower its Midwest home. Willis Tower was purchased by Blackstone in for $ billion.
The Sears Merchandise Building Tower was erected on South Homan Avenue in the Chicago neighborhood of Lawndale, four miles due west of where its successor would eventually break ground.
The original tower was a relatively short 15 stories, maxing out at a height of feet. Shortly after the Sears Tower became the Willis Tower, 90, Chicago citizens joined in a digital movement to oppose the change, and a petition to reverse the change piled up 50, signatures.
Following a gradual decline in prosperity during the s, Sears decided to sell the tower in In , Sears transferred effective control of the tower to its two creditors and vacated the premises by the following year. In order to build the tower, Sears purchased 15 buildings from owners. But more problematic was Quincy Street, which divided the lots the building was going to go up on.
Unlike fellow giants like the Empire State Building and the World Trade Center, the Sears Tower was actually constructed as a collection of nine separate buildings, planted together in a unifying square. Khan was particularly uncertain that the tube system would yield a sleek-looking skyscraper.
As the story goes, during a lunch to discuss these reservations, Graham grabbed a handful of Camel cigarettes from his pocket and displayed the bundled cylinders, each peering out of his fist at different heights, to his partner. The image struck a chord with both men and ensured the utilization of the tube method for the Sears Tower.
In March , 56 floors already completed, two lawsuits were filed to stop the building from exceeding 67 stories. The suits, filed in the Lake County and Cook County court systems, represented the fear that a supersized skyscraper would disrupt television reception in the surrounding area. The first successful external climb of the Sears Tower took place in Twenty-five-year-old American stuntman Daniel Goodwin , draped in a full body Spider-Man costume, worked his way up using an arsenal of climbing equipment that included suction cups and camming devices.
In August , Robert successfully scaled the Sears Tower via a safety harness and his own bare hands and feet. As neither feat was sanctioned by the local law enforcement, both men were promptly arrested upon reaching their sky-high goal. A far more serious threat to the building emerged in Although the so-called Universal Divine Saviors, or Liberty City Seven, carried no weapons and had no clear ties to their alleged ideological directors in al-Qaeda, they were deemed a legitimate danger.
In addition to their proclivity for grand plans of violence, the group was found to embrace a collection of tenets from faiths including Judaism, Christianity, and Islam. For a brief period in , the building entertained a makeover to accompany its rebranding as the Willis Tower. Subscribe to our Newsletter!
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