151 North Franklin (officially named CNA Center) is a

skyscraper A skyscraper is a tall continuously habitable building having multiple floors. Most modern sources define skyscrapers as being at least or in height, though there is no universally accepted definition, other than being very tall high-rise bui ...

located at 151 North Franklin Avenue in the

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. Completed in 2018 and standing at tall with 35 floors at the northeast corner of West

Randolph Street Randolph Street is a street in Chicago running east–west through the Loop, carrying westbound traffic west from Michigan Avenue across the Chicago River on the Randolph Street Bridge, interchanging with the Kennedy Expressway ( I-90/ I-94) ...

and North Franklin Avenue, the building is the current corporate headquarters of namesake tenant CNA Insurance, which has been headquartered in the Loop since 1900. It also hosts large office spaces for

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and the law firm Hinshaw & Culbertson.

History

The vision for the building first became public in 2013 when renderings were availed for a 30-story building from developer John Buck designed by John Ronan, with AAI Associates, Inc. as

architect of record Architect of record is the architect or architecture firm whose name appears on a building permit issued for a specific project on which that architect or firm performed services. Issuance of building permits Building permits are issued by a ...

. In November 2013, Buck announced $145 million of equity financing for a 36-story building with of office space. In February 2015, law firm Freeborn & Peters (Chicago's 22nd largest) signed a 15-year 5-floor letter of intent. That May, law firm Hinshaw & Culbertson (Chicago's 14th largest) signed a lease in the building. In August 2015, Freeborn & Peters accepted an offer to remain at 311 South Wacker Drive, but Buck went ahead with filing for demolition permits for the

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at that location. In December 2015, CNA Insurance decided to relocate its headquarters from the 44-story

CNA Center CNA Center may refer to one of the following buildings that has housed the headquarters of CNA Financial Corporation: * 151 North Franklin, called CNA Center starting in 2018 * 333 South Wabash, called CNA Center until 2018 See also * List of t ...

at 333 South Wabash that it had owned since its debut in 1972 to the new CNA Center building. The plan included selling the old building to Buck for $108 million, temporarily leasing space in that building until moving into the newly leased space with signage and naming rights. By that time the Walgreens on the site had been demolished and construction was expected to commence soon.

Northern Trust Northern Trust Corporation is an American financial services company headquartered in Chicago, Illinois, that caters to corporations, institutional investors, and ultra high net worth individuals. Northern Trust is one of the List of largest ban ...

would sign to consolidate many of its offices into the old CNA Center, which was to be renamed by Northern Trust. In June 2018, 151 North Franklin became the new corporate headquarters for CNA Insurance, which has been headquartered in the Chicago Loop since 1900. Prior Loop headquarters included following locations: Metropolitan Tower (Continental Center I from 1943–1962 at 310 South Michigan Avenue), 55 East Jackson Boulevard (Continental Center II from 1962–1972) and

(Continental Center III from 1972–2018 at 333 South Wabash Avenue).

signed a large lease in the building in July 2018.

Features

The building has a column-free open-office design with many modern elements that pays homage to the 70-degree angle of the CNA logo. ''

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'' critic Blair Kamin praised the open air base but felt much of the rest of the glassy exterior was evidence of budgetary limitations.

References

External links

* * {{Chicago skyscrapers 2018 establishments in Illinois Office buildings completed in 2018 Skyscraper office buildings in Chicago