500 Marquette

500 Marquette
500 Marquette as seen from the south
Alternative names Albuquerque Petroleum Building
Bank of the West Building
Cavan Building
General information
Status Complete
Type Commercial offices
Location 500 Marquette Avenue NW
Albuquerque, New Mexico
Coordinates 35°05′17″N 106°39′10″W / 35.087938°N 106.652757°W / 35.087938; -106.652757Coordinates: 35°05′17″N 106°39′10″W / 35.087938°N 106.652757°W / 35.087938; -106.652757
Completed 1986
Height
Roof 71.7 m (235 ft)
Technical details
Floor count 15
Floor area 230,000 sq ft (21,000 m2)
Lifts/elevators 6
Design and construction
Architect Dwayne G. Lewis Architects
References
[1][2][3]

500 Marquette is a 15-story, 71.7 m (235 ft) high-rise office building located at 500 Marquette Avenue NW in Downtown Albuquerque, New Mexico. The building was designed by Dwayne Lewis Architects and was completed in 1986. It is the fourth tallest building in the city.

The top floor of the building was home to the Albuquerque Petroleum Club, a members-only dining club which closed in 2007.[4] During the 1990s, 500 Marquette was owned and managed by the Chicago-based Equity Office Properties Trust.

History

500 Marquette was built by Cavan Associates of Phoenix and opened in 1986, costing about $45 million in total.[5] Part of the project was an attached parking garage, also intended to serve the recently completed City-County Building via a pedestrian walkway above 5th Street. The city negotiated a deal to lease about half the garage for that purpose.[6] The office building struggled financially and went into foreclosure in 1989.[5] Later that year it was sold to the Chicago-based Equity Office trust for an undisclosed price.[7] Bernalillo County was in negotiations to purchase the building in 2008, but ended up backing off from the deal due to the worsening financial crisis at the time.[8]

Architecture

500 Marquette is 235 feet (72 m) tall and has 15 stories, making it Albuquerque's fourth tallest building. Designed by Dwayne G. Lewis Architects, it consists of an 11-story trapezoidal block cantilevered over a four-story glass atrium, with a five-level parking garage extending to the south along 6th Street. The building has setbacks at the 8th and 10th floors and three corner balconies on the 5th through 7th floors. In front of the building entrance is a 12-foot (3.7 m) bronze sculpture by Allan Houser titled "The Future—Chiricahua Apache Family".[9]

See also

References

  1. ↑ 500 Marquette at Emporis
  2. ↑ "500 Marquette". SkyscraperPage.
  3. ↑ 500 Marquette at Structurae
  4. ↑ Gray, Autumn (February 20, 2007). "The Petroleum Club Has Closed - Managers Cite Financial Woes". Albuquerque Journal. NM. p. D7.
  5. 1 2 Burks, Susanne (June 10, 1989). "Foreclosure of Cavan Building nets $24.5 million". Albuquerque Journal. Retrieved October 18, 2017 – via Newspapers.com.
  6. ↑ Martin, Jim (May 8, 1986). "Parking garage deal cost city an extra million". Albuquerque Journal. Retrieved October 18, 2017 – via Newspapers.com.
  7. ↑ Logan, Paul (October 3, 1989). "Chicago-based fund takes over 500 Marquette building". Albuquerque Journal. Retrieved October 18, 2017 – via Newspapers.com.
  8. ↑ McKay, Dan (June 1, 2009). "What To Do With Debt? - County Borrowed, Didn't Buy Site". Albuquerque Journal. p. A1. Retrieved October 18, 2007 – via Newspapers.com.
  9. ↑ "Arts Calendar". Albuquerque Journal. September 19, 1986. Retrieved October 18, 2017 – via Newspapers.com.
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