125 London Wall | |
---|---|
General information | |
Status | Completed |
Architectural style | Postmodernism |
Address | London Wall |
Town or city | London, EC2 |
Country | United Kingdom |
Coordinates | 51°31′03″N0°05′38″W / 51.5175°N 0.0938°W |
Construction started | 1990 |
Opened | 14 October 1992 |
Cost | £175 million |
Owner | Blackstone |
Height | 82 m (270 ft) |
Technical details | |
Floor count | 18 |
Floor area | 385,000 sq ft (35,800 m2) |
Lifts/elevators | 15 |
Design and construction | |
Architect(s) | Farrells |
Developer | MEPC plc |
Engineer | Arup |
125 London Wall, also known as Alban Gate, is a postmodernist building on London Wall in the City of London. Along with Embankment Place and Vauxhall Cross (the SIS Building), it has been described as one of the three projects that established designer Sir Terry Farrell's reputation in the late 1980s-to-early 1990s period. [1] In 2004, writer Deyan Sudjic described it as "postmodernism at its most exuberant", placing it at number 5 in a list of Ten Triumphs of recent UK architecture. [2]
The district was once the northeast corner of the Roman settlement Londonium. Though one of the oldest settled parts of the city, the area was completely devastated during The Blitz. It was redeveloped in the postwar decades according to modernist planning principles centred on the automobile. London Wall became an "unpleasant 1960s dual carriageway", a "mini-motorway which acted as divisively upon its surroundings as the old wall had". [3] [4] The sites surrounding the roadway were developed under high-rise schemes including the Barbican Estate to the north. The site beside the road upon which Alban Gate was built was originally home to Lee House, a modernist office complex. In 1986, spurred by Margaret Thatcher's "Big Bang" deregulation of financial markets and the need for more large-floorplate modern office space, planning permission was granted for the demolition of Lee House. [5]
Construction of the complex began in 1990, and was completed in 1992 with 18 floors and a maximum height of 82 m (270 ft). [6] Architects Terry Farrell and Partners sought to bridge the urban barrier of London Wall by utilising the air rights over the roadway. The complex is composed of two twin towers, set at a 90-degree angle to each other, with one straddling London Wall itself and offering pedestrian passage via an arcade housing shops and restaurants suspended over the road.
The other tower sits on a heavily modelled podium meant to repair the urban fabric, countering the "agoraphobia" and poor pedestrian circulation of the earlier 1960s modernist schemes. [7] The tower plinth and adjacent low romanesque block relate to the scale of surrounding buildings as well as shielding Monkwell Square, which had become a "service yard", from the motorway. Monkwell Square was redesigned and landscaped. [8]
Though the towers are visually distinct, their floorplates are actually connected and share a central service core. The 18th floor of one tower houses a special meeting suite.
The building is well known as the former UK headquarters of JPMorgan Chase, one of the world's leading investment banks. [9] Nabarro LLP leased 138,000 sq ft (12,800 m2) in 2012. [10]
Most of the building now holds Lloyds Banking Group offices.
In 2000, MEPC plc sold the building for around £160 million. [11] In July 2010, it was part of a group of six landmark London properties sold to the Carlyle Group for £671 million following the default of Simon Halabi's property companies. [12] In 2014, the building was purchased by Blackstone for £300 million. [13]
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: CS1 maint: unfit URL (link)Norman Robert Foster, Baron Foster of Thames Bank, is an English architect and designer. Closely associated with the development of high-tech architecture, Foster is recognised as a key figure in British modernist architecture. His architectural practice Foster + Partners, first founded in 1967 as Foster Associates, is the largest in the United Kingdom, and maintains offices internationally. He is the president of the Norman Foster Foundation, created to 'promote interdisciplinary thinking and research to help new generations of architects, designers and urbanists to anticipate the future'. The foundation, which opened in June 2017, is based in Madrid and operates globally. Foster was awarded the Pritzker Prize in 1999.
JPMorgan Chase & Co. is an American multinational finance company headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States and the world's largest bank by market capitalization as of 2023. As the largest of Big Four banks, the firm is considered systemically important by the Financial Stability Board. Its size and scale have often led to enhanced regulatory oversight as well as the maintenance of an internal "Fortress Balance Sheet". The firm is temporarily headquartered at 383 Madison Avenue in Midtown Manhattan and is set to move back across the street into the under-construction JPMorgan Chase Building at 270 Park Avenue in 2025.
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Postmodern architecture is a style or movement which emerged in the late 1950s as a reaction against the austerity, formality, and lack of variety of modern architecture, particularly in the international style advocated by Philip Johnson and Henry-Russell Hitchcock. The movement was introduced by the architect and urban planner Denise Scott Brown and architectural theorist Robert Venturi in their 1972 book Learning from Las Vegas. The style flourished from the 1980s through the 1990s, particularly in the work of Scott Brown & Venturi, Philip Johnson, Charles Moore and Michael Graves. In the late 1990s, it divided into a multitude of new tendencies, including high-tech architecture, neo-futurism, new classical architecture, and deconstructivism. However, some buildings built after this period are still considered postmodern.
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Denton Corker Marshall is an international architecture practice based in Melbourne, Australia.
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