Word: citicorp
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Dates: during 1970-1979
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...choice of an architect was crucial. Before coming to Citicorp, Muller had been in charge of real estate and construction at Harvard. There he had come to know and admire Hugh Stubbins, who designed the college's Loeb Drama Center and its Countway Library of Medicine. In line with the bank's desire for a "humane" building, Stubbins proposed to loft an aluminum-faced structure on huge columns 112-ft. tall, thus creating the space for the shopping area and atrium, a sunken entrance plaza with a waterfall tumbling down from street level, a renovated subway station...
...basement into a lunchtime theater where office workers could eat their sandwiches and watch plays. Saint Peter's had found a new role in the city, and the well-named Peterson was loath to move out. Yet the church held the key position on the block. The solution: Citicorp bought the old church for $9 million, demolished it and built in its place a new structure that included a chapel and sanctuary. The church bought this new building, under an unusual condominium contract, for $7 million...
...Citicorp did not announce its plans to build until July 1973. At the time an estimated 30 million sq. ft. of Manhattan office space was standing empty, including 10 million sq. ft. in the World Trade Center, which had opened only three months earlier. Nonetheless, Walter Wriston & Co. remained faithful to their plan to build not merely rentable space but a midtown magnet for people...
...another new and mighty technological widget: the Tuned Mass Damper (TMD), an 800,000-lb. concrete block capable of moving three feet in four directions, which greatly reduces the lightweight building's sway in a gale. Determined to make the building as energy efficient as any in existence, Citicorp consulted Robert Bell, director of research and development for Consolidated Edison, who also happened to be president of Saint Peter's and chairman of the church building committee. Says Bell today: "Citicorp, in terms of energy conservation, is one of the most, if not the most, technically advanced buildings...
...chocolatier, an international newsstand-tobacconist, six other shops and nine eating places. These include a 24-hour English restaurant, whose waitresses seem to be on loan from Upstairs, Downstairs; a Hungarian rendezvous with an imported gypsy band; a Greek establishment with the salty flavor of Piraeus. Thus at Citicorp it is possible to leave work and, without stepping outside the Center, shop for a book or a new pipe, pick up a bag of custom-blended coffee, cash a check, raise a glass of wine and down a fondue, exchange smiles, go to a play, hear a concert-or even...