City National Plaza

City National Plaza

Paul Hastings and City National Towers
Location within the Los Angeles metropolitan area
Alternative names ARCO Center
ARCO Plaza
ARCO Plaza North Tower
ARCO Plaza South Tower
Atlantic Richfield Towers
Bank of America Tower
Los Angeles Twin Towers
General information
Type Commercial offices
Location 505-555 South Flower Street
Los Angeles, California
Coordinates 34°03′03″N 118°15′25″W / 34.0508°N 118.2569°W / 34.0508; -118.2569Coordinates: 34°03′03″N 118°15′25″W / 34.0508°N 118.2569°W / 34.0508; -118.2569
Construction started 1970
Completed 1972
Management CommonWealth Partners
Height
Roof 213.3 m (700 ft)
Technical details
Floor count 52
Floor area 206,000 m2 (2,220,000 sq ft)
Lifts/elevators 64
Design and construction
Architect Albert C. Martin & Associates
References
[1][2][3][4][5][6][7][8]

City National Plaza is a twin tower skyscraper complex on South Flower Street in western Downtown Los Angeles, California. It was originally named ARCO Plaza upon opening in 1972.

History

Richfield Tower

The present complex is on the site of the landmark Richfield Tower, that was designed in the Art Deco style by Morgan, Walls & Clements, and completed in 1929. It was the headquarters of the Atlantic Richfield Oil company. It was demolished in 1969.

ARCO Plaza

The current skyscraper complex was built as the ARCO Plaza, with a pair of 213.3 m (700 ft) 52-story office towers. One became the new world headquarters for the Atlantic Richfield Company (ARCO), the present day The Paul Hastings Tower.[9] An underground shopping complex was accessed by open escalators from the street level plaza.

Upon completion in 1972,[10] the ARCO Plaza towers were the tallest buildings in the city for one year before being overtaken by Aon Center, and were the tallest twin towers in the world until the completion of the World Trade Center in New York City. The towers are the tallest twin buildings in the United States outside of New York City, where the 55-floor Time Warner Center stands at 750 ft (230 m).

In 1986, joint owners ARCO and Bank of America sold the buildings to Shuwa Investments Corp., the American subsidiary of Shuwa Co. of Tokyo, for $650 million while both remained tenants in their respective named towers.[11] Shuwa later sold the property in 2003 to Thomas Properties Group and other investors for $270 million.[12][13][14]

The towers are constructed of steel frames covered with polished panels of forest green granite and panes of bronze glass, however, in 2016, the exterior of the top two floors and the service roof of The Paul Hastings Tower were modified on the north, east, and south flanks to house their upgraded headquarters and offices. This modification features silver trim and panes of light green glass panels.

City National Plaza

The ARCO Plaza complex was renamed City National Plaza in 2005,[15] and the south and north towers, respectively, were renamed City National Tower and Paul Hastings Tower.[16] The low-rise building at the back of the plaza is known as the Jewel Box, and is occupied by the Gensler architectural firm.

Tenants

"Jewel Box"

Paul Hastings Tower

Photograph of the Paul Hastings Tower from ground level in October 2013

City National Bank Tower

City National Plaza Twin Towers
 
 
 

See also

Wikimedia Commons has media related to
City National Plaza.

References

  1. ↑ "Paul Hastings Tower". CTBUH Skyscraper Database.
  2. ↑ "City National Tower". CTBUH Skyscraper Database.
  3. ↑ City National Plaza at Emporis
  4. ↑ City National Tower at Glass Steel and Stone
  5. ↑ Paul Hastings Tower at Glass Steel and Stone
  6. ↑ "City National Tower". SkyscraperPage.
  7. ↑ "Paul Hastings Tower". SkyscraperPage.
  8. ↑ City National Plaza at Structurae
  9. ↑ "ARCO...A Global Energy Company". Atlantic Richfield Company. 9 December 1997. Archived from the original on 13 January 1998. Retrieved 11 November 2010.
  10. ↑ Weaver, John D. (October 1, 1972). "L.A. Grows Up". Los Angeles Times. p. N33. (Subscription required (help)). The latest additions to L.A.'s urban landscape are the twin 52-story towers of Atlantic Richfield Plaza--a mammoth, $188-million office complex and shopping center that rises on the same square block at Fifth and Flower where the old, gold-spired... Alternate Link via ProQuest.
  11. ↑ Broder, John M. (August 5, 1986). "Arco, B of A Will Sell Twin Tower Complex in L.A. : Deal With U.S. Unit of Shuwa Co. in Japan Will Give Both Needed Cash". Los Angeles Times.
  12. ↑ Vincent, Roger (January 18, 2003). "Developer to Buy Arco Plaza: Once considered L.A.'s best corporate address, the complex is sold for $270 million, less than half its purchase price 16 years ago.". Los Angeles Times.
  13. ↑ "Thomas Properties Moves to Arco Plaza". Los Angeles Times. March 12, 2003.
  14. ↑ Vincent, Roger (July 22, 2013). "Thomas Properties angling to buy out CalSTRS in joint venture". Los Angeles Times.
  15. ↑ "Thomas Properties Group Signs Law Firm Fulbright & Jaworski at Arco Plaza". Business Wire (Press release). August 9, 2004.
  16. ↑ Sanchez, Jesus (December 14, 2001). "Arco Tower to Become Paul Hastings Tower". Los Angeles Times. Retrieved 21 March 2017.
  17. ↑ Roger Vincent (February 4, 2011). "Architecture firm Gensler to move from Santa Monica to downtown L.A.". Los Angeles Times. Retrieved 4 January 2013.
  18. ↑ Our Offices Archived 2012-06-14 at the Wayback Machine.
  19. ↑ Regus Office Space in Los Angeles
  20. ↑ Law Firm Takes Two Floors in City National Tower
  21. ↑ Thomas Properties Group Signs Law Firm Fulbright & Jaworski At City National Plaza Archived 2013-02-04 at Archive.is
  22. ↑ Jones Day’s Los Angeles office relocates to City National Tower In downtown L.A.
  23. ↑
  24. ↑ Kroll Office Locations
  25. ↑
  26. ↑ "Turner Construction Office Network: Los Angeles / Anaheim". Turner Construction. Retrieved 16 July 2012.

Further reading

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