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Franklin Center (Chicago)
The Franklin Center is a 60-story supertall skyscraper completed in 1989 as the AT&T Corporate Center to consolidate the central region headquarters of the American Telephone & Telegraph Company (AT&T). It stands at a height of and contains in the Loop neighborhood of downtown Chicago. It is located two blocks east of the Chicago River and northeast of the Willis Tower with a main address of 227 West Monroe Street and an alternate address of 100 South Franklin Street in the Loop community area of downtown Chicago. The supertall building is the tallest constructed in Chicago in the last quarter of the 20th century. It is the 6th tallest building in Chicago and the 23rd tallest in the United States. It contains office and retail space and a 350-space garage. Tishman Speyer acquired the property in 2004 and renamed the adjacent USG Building as Franklin Center in 2007 after USG relocated its offices. The name was later applied to the entire complex. History A 1982 consen ...
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Supertall
A supertall building is an occupied "supertall" structure higher than and beneath . A form of skyscraper, it falls midway between a common minimum definition of "skyscraper" (a building taller ) and a " megatall" building (taller than ). Different organizations from the United States and Europe define skyscrapers generally as buildings at least 150 metres in height or taller.Data Standards: skyscraper (ESN 24419)
, accessed on line July 2020. "A skyscraper is defined on Emporis as a multi-story building whose architectural height is at least 100 meters. This definition falls midway between many common definitions worldwide, and is ...
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Harold Washington
Harold Lee Washington (April 15, 1922 – November 25, 1987) was an American lawyer and politician who was the 51st Mayor of Chicago. Washington became the first African American to be elected as the city's mayor in April 1983. He served as mayor from April 29, 1983 until his death on November 25, 1987. Born in Chicago and raised in the Bronzeville neighborhood, Washington became involved in local 3rd Ward politics under Chicago Alderman and future Congressman Ralph Metcalfe after graduating from Roosevelt University and Northwestern University School of Law. Washington was a member of the U.S. House of Representatives from 1981 to 1983, representing Illinois's first district. Washington had previously served in the Illinois State Senate and the Illinois House of Representatives from 1965 until 1976. Biography Ancestry The earliest known ancestor of Harold Lee Washington, Isam/Isham Washington, was born a slave in 1832 in North Carolina. In 1864 he enlisted in the 8th United ...
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Mayor Of Chicago
The mayor of Chicago is the chief executive of city government in Chicago, Illinois, the third-largest city in the United States. The mayor is responsible for the administration and management of various city departments, submits proposals and recommendations to the Chicago City Council, is active in the enforcement of the city's ordinances, submits the city's annual budget and appoints city officers, department commissioners or directors, and members of city boards and commissions. During sessions of the city council, the mayor serves as the presiding officer. The mayor is not allowed to vote on issues except in certain instances, most notably where the vote taken on a matter before the body results in a tie. The office of mayor was created when Chicago became a city in 1837. History The first mayor was William Butler Ogden (1837–1838). Forty-five men and two women (Jane Byrne, 1979–1983, Lori Lightfoot, 2019–), have held the office. Two sets of father and ...
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New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the List of United States cities by population density, most densely populated major city in the United States, and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York (state), New York State, and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the world by urban area, urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous Megacity, megacities, and over 58 million people live within of the city. New York City is a global city, global Culture of New ...
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Sony Building (New York)
550 Madison Avenue (formerly known as the Sony Tower, Sony Plaza, and AT&T Building) is a postmodern skyscraper at Madison Avenue between 55th and 56th Streets in the Midtown Manhattan neighborhood of New York City. Designed by Philip Johnson and John Burgee with associate architect Simmons Architects, the building was completed in 1984 as the headquarters of AT&T and later became the American headquarters of Sony. The building consists of a , 37-story office tower with a facade made of pink granite. It originally had a four-story granite annex to the west, which was demolished and replaced with a shorter annex in the early 2020s. At the base of the building is a large entrance arch facing east toward Madison Avenue, flanked by arcades with smaller flat arches. A pedestrian atrium, connecting 55th and 56th Streets midblock, was also included in the design, which enabled the building to rise higher without the use of setbacks. The ground-level lobby is surrounded by retail sh ...
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Regional Bell Operating Company
The Regional Bell Operating Companies (RBOC) are the result of ''United States v. AT&T'', the U.S. Department of Justice antitrust suit against the former American Telephone & Telegraph Company (later known as AT&T Corp.). On January 8, 1982, AT&T Corp. settled the suit and agreed to divest its local exchange service operating companies. Effective January 1, 1984, AT&T Corp.'s local operations were split into seven independent Regional Bell Operating Companies known as the Baby Bells. RBOCs were originally known as Regional Holding Companies (RHCs). Currently, three companies have the RBOCs as predecessors: AT&T, Verizon, and Lumen Technologies. Some other companies are holding onto smaller segments of the companies. Baby Bells A baby bell is local telephone company in the United States that was in existence at the time of the breakup of AT&T into the resulting Regional Bell Operating Companies (RBOCs), also known as the "Baby Bells." Sometimes also referred to as an "ILEC ...
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Monopoly
A monopoly (from Greek language, Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or company, enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity's control of a Market (economics), market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a market. Monopolies are thus characterized by a lack of economic Competition (economics), competition to produce the good (economics), good or Service (economics), service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise ...
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Breakup Of The Bell System
The breakup of the Bell System was mandated on January 8, 1982, by an agreed consent decree providing that AT&T Corporation would, as had been initially proposed by AT&T, relinquish control of the Bell Operating Companies, which had provided local telephone service in the United States. This effectively took the monopoly that was the Bell System and split it into entirely separate companies that would continue to provide telephone service. AT&T would continue to be a provider of long-distance service, while the now-independent Regional Bell Operating Companies (RBOCs), nicknamed the "Baby Bells", would provide local service, and would no longer be directly supplied with equipment from AT&T subsidiary Western Electric. This divestiture was initiated by the filing in 1974 by the United States Department of Justice of an antitrust lawsuit against AT&T. AT&T was, at the time, the sole provider of telephone service throughout most of the United States. Furthermore, most telephonic eq ...
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Crain's Chicago Business
''Crain's Chicago Business'' is a weekly business newspaper in Chicago, IL. It is owned by Detroit-based Crain Communications, a privately held publishing company with more than 30 magazines, including ''Advertising Age'', ''Modern Healthcare'', ''Crain's New York Business'', ''Crain's Detroit Business'', ''Crain's Cleveland Business'', and '' Automotive News''. It has a print circulation of 53,313 and a readership of 219,693 per week. ChicagoBusiness.com, the paper's digital equivalent, draws over 1 million unique visitors per month and over 2.2 million page views per month. History The first issue of ''Crain's Chicago Business'' is dated April 17, 1978. In 1977, when Crain Communications chief Rance Crain went to Houston to give a speech to the Houston Advertising Club, he spent an afternoon listening to the publisher of the ''Houston Business Journal'' explain how his publication was developed. "I figured if a business publication worked well in Houston, it would be twic ...
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Tishman Speyer
Tishman Speyer Properties is an American company that invests in real estate. History The firm was founded in 1978 by Robert Tishman and Jerry Speyer. In March 1988, the company announced its first project in Europe, the construction of a 70-story tower in Frankfurt, Germany, the Messeturm, the tallest tower in Western Europe. In May 1988, the company acquired the headquarters of J. C. Penney for $350 million in partnership with Trammell Crow Real Estate Investors. In 1996, the company entered into a joint venture to construct a $175 million, 36-story office building in Sao Paulo, Brazil. In 1998, in partnership with The Travelers Companies, the company paid $230 million to acquire the mortgage secured by the Chrysler Building from Fuji Bank. In 2000, in partnership with Lester Crown, the company acquired Rockefeller Center for $1.85 billion. In 2002, the company sold Millbank Tower for £115 million. In 2005, the company acquired the MetLife Building for $1.72 billion. ...
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