Word: hancockers
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
LIVE UPTOWN . . . WORK DOWNTOWN. YOU CAN COMMUTE BY ELEVATOR IN SECONDS. As its full-page newspaper ads suggest, Chicago's 100-story John Hancock Center is a most unusual building. The world's second tallest, the 1,107-ft.-high skyscraper* is designed, in effect, as an apartment house atop an office building. A forerunner of the multipurpose "vertical city" of the future, it also looks like a financial winner. As the first tenant moved in last week, the owner, Boston-based John Hancock Mutual Life Insurance Co., predicted that by next year the building will be producing...
Faulty Caisson. Laced by giant cross girders and faced with bronze-tinted glass and ebony-colored aluminum, the John Hancock structure tapers dramatically upward in the Chicago skyline like a flat-topped oil derrick. The first 43 floors are designed largely for commercial use. There will be five floors for a bank, a brokerage office and retail shops. Above that come seven floors of parking space-enough for 1,200 autos-and then 28 floors of office space, which will add at least 7% to Chicago's supply. There is a 44th-floor "sky lobby," consisting of a barber...
...John Hancock, which is also constructing a new 60-story headquarters building in Boston, the Chicago venture represents the biggest real estate investment in its history. The project was actually the brainchild of Philadelphia Developer Jerry Wolman, who proposed that John Hancock help finance it. The company agreed, paid out $6,000,000 for a block-long parcel of land on fashionable North Michigan Avenue and leased it to Wolman. Soon after ground was broken in late 1965, however, Wolman found himself overextended in a number of other financial dealings. His troubles were aggravated when a faulty support caisson required...
Overpowering Effect. Now completed except for landscaping and the interior of some floors, the Hancock Center will bring 8,000 new residents and office workers-plus 1,000,000 visitors a year-into a neighborhood that is already congested with cars and people. Some Chicagoans complain that the massive building, designed by the architectural firm of Skidmore, Owings & Merrill (TIME cover, Aug. 2), .has an overpowering effect on the far smaller buildings around it. Still, Chicago seems eager to utilize the space provided by the new skyscraper, as evidenced by the fact that 39% of its apartments...
Other experiences have made Sneed cynical. When Unity was establishing itself, Only one-tenth of one percent of the corporations invited to be stockholders actually responded. John Hancock, American Mutual, and Liberty Mutual are among those that did. The main task facing the bank now is soliciting accounts. Response, generally, has been good, with the Commonwealth of Massachusetts placing $360,000 in Unity last week to become the largest single depositor. Previously, the United Front Foundation had the largest account. Brandeis, Andover Theological School, Northeastern University, and Boston College have all become depositors and M.I.T. is a stockholder...