Salesforce Tower (formerly known as Bank One Tower, then Chase Tower, and originally conceived as American Fletcher Tower) is the tallest building in the U.S. state of Indiana.[1][2] Opening in 1990, it surpassed the AUL Tower (now OneAmerica Tower) in Indianapolis for the distinction. The building's twin spires' are 811 feet (247m) tall, while the 48 floors of office and retail space and 2 building equipment floors above that peak at the 701-foot (214m) roof. It is the regional headquarters of Salesforce, which moved into the tower in the late-2010s and currently occupies a large amount of space in the building. While the tower has two spires of equal height, only one of them is functional as a transmission antenna. The other mast is merely an architectural decoration.[3] The building was designed by KlingStubbins, and built by Indianapolis-based Huber Hunt & Nichols.[4]
The tower's step pyramidal cap reflects the design of the Indiana War Memorial, three blocks due north. The War Memorial, in turn, reflects the descriptions of the original Mausoleum. Because of the height of this building, its roof was specifically designed to house communications relay equipment, in order to provide additional revenue to the building's owners. Over the past several years, two large banners have occasionally been placed outside the north and south communication bullpen areas of the roof in support of two of the city's professional sports franchises. These "Go Pacers" and "Go Colts" signs are highly visible being on the tallest structure in the city.
Observation deck
The tower has no official observation deck. However, views of Monument Circle and the immediate downtown area can be seen from floors 2 and 7 in the common areas on the Circle side of the complex. In 2017, electronic turnstiles were implemented in the tower as a security measure. In turn, the elevators are no longer accessible by the public. However, Visitors Passes can be attained from the Security Desk in both the Circle and Tower-side lobbies. The tower can be seen from various spots around greater Indianapolis.[2]
Background and history
The tower was originally conceived in the late 1970s by Frank E. McKinney, Jr., chairman of American Fletcher Corporation, the holding company for American Fletcher National Bank and Trust Company (AFNB), which at the time was Indiana's largest financial institution, to allow for consolidation and expansion of his company's headquarters.[5] Land was slowly being assembled for the building, with several predecessor structures along Ohio Street and Pennsylvania Street being demolished in those years and the early 1980s to clear the way for what McKinney hoped would soon be Indiana's tallest office tower.
Before construction of the building began, American Fletcher became the first major Indianapolis bank holding company to be sold to an out-of-state financial institution, agreeing in the spring of 1986 to merge with Ohio's rapidly growing Banc One Corporation.[6] Upon consummation of that merger, Mr. McKinney became chairman of Bank One's Indiana operations and tower planning picked up momentum. Ground was broken and construction began in June 1987 on the newly designated Bank One Center Tower which was to be integrated with AFNB's existing headquarters complex on Monument Circle and adjacent Market Street.[3]
This was done mainly to secure the prestigious Monument Circle address for the new tower, which rises between Ohio Street and Wabash Street (the east-west alley between Market and Ohio). Thus, the Ohio Street entrance to the tower is the complex's back door with a concourse-style passageway on the second level running over Scioto Street (the north-south alley between Pennsylvania and Meridian) to connect the skyscraper (and its attached parking garage along Pennsylvania Street) to the main entrance in the original 1960 American National Bank Building at 111 Monument Circle.
A separate skywalk across Scioto once connected the Circle Building to the adjacent Fletcher Trust Building at 10 E. Market Street, but that was later removed after the bank moved all operations formerly located in that structure into the new tower. The Fletcher Trust Building itself was subsequently sold and has since been renovated into a Hilton Garden Inn hotel. Banc One Corporation (later renamed Bank One Corporation) went through several additional major acquisitions before it was itself bought by J.P. Morgan Chase in the early 2000s. Upon consummation of that merger, the Indianapolis structure was renamed to become known as the Chase Tower, but Chase was not allowed to attach its name and logo to the top of the building until 2013 after the building changed owners.[7]
On May 6, 2016, Salesforce announced plans to lease hundreds of thousands of square feet in the building and start moving employees there in early 2017. The building has since been rebranded as Salesforce Tower Indianapolis.[8]
↑ "Indy's American Fletcher Agrees to Merge with Banc One of Ohio". Fort Wayne News Sentinel. May 8, 1986. The parent company of Indiana's largest bank has agreed to become part of Ohio's second-largest bank company. Officials of American Fletcher Corp. of Indianapolis and Banc One Corp. of Columbus, Ohio, said Wednesday the stock-swap deal was valued at $597.3 million, or about $60 a share of American Fletcher stock. The price paid is the highest so far for any Indiana bank, experts said. The Indianapolis bank will join Banc One, one of the Midwest's largest bank companies. Banc One has assets of more than $11 billion. American Fletcher's assets total $4.1 billion. American Fletcher will change its name to Banc One, Indiana Corp. and will gain a role in the management of the parent company. As part of the agreement, American Fletcher Chairman Frank E. McKinney Jr. will become president of the Ohio-based company. John B. McCoy, now Banc One president, will become chairman and chief executive officer. McKinney and two other directors of American Fletcher will be added to the Columbus-based company's board of directors. The two additional directors have not been named.
↑ "Hamilton County banking suddenly is "Big 3" game". The Indianapolis Star. September 12, 1985. p.43 – via Newspapers.com. It's getting harder to tell the difference between banks in Hamilton County and Indianapolis. Two county banks have agreed to be acquired by members of the Indianapolis "Big Three." Another is controlled by the Frenzel family, which runs another large Indianapolis institution, Merchants National Bank. "It will become very much like Marion County," Frank E. McKinney Jr., chairman of American Fletcher Corp., says of Hamilton County. The Indianapolis bank firm is the latest to enter the Hamilton market reaching a pact on Aug. 30 to buy Carmel Bank and Trust Co... Since the early 1970s, the major Indianapolis banks Merchants, American Fletcher and Indiana national banks have looked toward Hamilton County... Carmel Bank & Trust Co. $17.8 million in assets agreed to be acquired by American Fletcher Corp... In the meantime, Carmel Bank the county's smallest bank with about $17.8 million in assets intends to start branches as well. The bank currently has only its main office in Carmel. American Fletcher's McKinney adds that results won't be dramatic.
Bank One Corporation was an American bank founded in 1968 and at its peak the sixth-largest bank in the United States. It traded on the New York Stock Exchange under the stock symbol ONE. The company merged with JPMorgan Chase & Co. on July 1, 2004, with its CEO Jamie Dimon taking the lead at the combined company. The company had its headquarters in the Bank One Plaza in the Chicago Loop in Chicago, Illinois, now the headquarters of Chase's retail banking division.
National City Corporation was a regional bank holding company based in Cleveland, Ohio, founded in 1845; it was once one of the ten largest banks in America in terms of deposits, mortgages and home equity lines of credit. Subsidiary National City Mortgage is credited for doing the first mortgage in America. The company operated through an extensive banking network primarily in Ohio, Illinois, Indiana, Kentucky, Michigan, Missouri, Pennsylvania, Florida, and Wisconsin, and also served customers in selected markets nationally. Its core businesses included commercial and retail banking, mortgage financing and servicing, consumer finance, and asset management. The bank reached out to customers primarily through mass advertising and offered comprehensive banking services online. In its last years, the company was commonly known in the media by the abbreviated NatCity, with its investment banking arm even bearing the official name NatCity Investments.
The National Bank of Detroit (NBD), later renamed NBD Bank, was a bank that operated mostly in the Midwestern United States. Following its merger with First National Bank of Chicago, the bank was ultimately acquired and merged into Bank One, at which point the NBD name was discontinued. Today, what was once NBD is owned by JPMorgan Chase & Co.
KeyBank is an American regional bank headquartered in Cleveland, Ohio, and the 25th largest bank in the United States. Organized under the publicly traded KeyCorp, KeyBank was formed from the 1994 merger of the Cleveland-based Society Corporation, which operated Society National Bank, and the Albany-headquartered KeyCorp. The company today operates over 1,000 branches and 40,000 ATMs, mostly concentrated in the Midwest and Northeast United States, though also operates in the Pacific Northwest as well as in Alaska, Colorado, Texas and Utah.
Bank One Center may refer to:
BancFirst Tower, is a signature office skyscraper in Oklahoma City's central business district. Previously known as Liberty Tower, Bank One Tower then Chase Tower, and most recently Cotter Ranch Tower/Cotter Tower, after real estate holdings owner James Cotter of San Antonio, Texas.
Downtown Indianapolis is a neighborhood area and the central business district of Indianapolis, Indiana, United States. Downtown is bordered by Interstate 65, Interstate 70, and the White River, and is situated near the geographic center of Marion County. Downtown has grown from the original 1821 town plat—often referred to as the Mile Square—to encompass a broader geographic area of central Indianapolis, containing several smaller historic neighborhoods.
Frank Edward McKinney Jr. was an American competition swimmer, Olympic champion, and former world record-holder. He later became a prominent executive in the American banking industry, but died in a mid-air collision of two aircraft.
Firstar Corporation was a Milwaukee, Wisconsin-based regional bank holding company that existed from 1853 to 2001. In 2001, Firstar acquired U.S. Bancorp and assumed its name, moving its headquarters to Minneapolis.
The OneAmerica Tower, formerly AUL Tower, is a 38-story building at 200 North Illinois Street in downtown Indianapolis, Indiana. It is used by various companies for offices. The building opened in 1982 and is faced with Indiana limestone. From 1982 to 1990, the OneAmerica Tower was the tallest building in the state of Indiana. The OneAmerica Tower is currently the second-tallest building in Indianapolis, behind Salesforce Tower, as well as, the second-tallest in Indiana.
BMO Plaza, formerly the M&I Plaza, is a high-rise office building located at 135 North Pennsylvania Street in Indianapolis, Indiana. It was completed in 1988 and is currently the sixth-tallest building in the city, at 401 ft (122 m) with 31 stories. It is primarily used for office space. At 432,300 square feet (40,160 m2), BMO Plaza is the ninth-largest office building downtown, according to IBJ statistics. Tenants include BMO Harris Bank, U.S. Department of Defense, and General Electric Capital Services.
The Hyatt Regency Indianapolis is part of PNC Center, a mixed-use high-rise complex in Indianapolis, Indiana. The complex rises 22 floors and 268 feet (82 m) in height, and is currently the 17th-tallest building in the city.
American Fletcher National Bank was an Indianapolis-based bank founded in 1839 that was eventually absorbed by Bank One and later Chase Bank. Since the merger of the Fletcher Trust Company with the American National Bank to form the American Fletcher National Bank and Trust Company at the end of 1954, it had been the largest or the second largest bank in the state of Indiana, often changing places with its Indianapolis-based rival Indiana National Bank for the top spot. From the mid-1950s through the late-1980s, American Fletcher National Bank and Trust, along with Indiana National Bank and Merchants National Bank, was one of the top three largest banks within Indianapolis and its holding company, American Fletcher Corporation, was one of the top three largest bank holding companies within the state, along with INB Financial Corporation and Merchants National Corporation.
Valley National Bank of Arizona was a bank based in Phoenix, Arizona, founded in 1900 and acquired by Bank One in 1992. The bank was one of Arizona's leading financial institutions during the 20th century and the last major independent bank in Arizona at the time of its acquisition.
INB Financial Corporation was an Indianapolis-based statewide bank holding company that was the largest Indiana-based financial institution at the time it was acquired by Michigan-based NBD Bancorp in 1992. Its primary subsidiary was the Indianapolis-based INB National Bank, formerly the Indiana National Bank, which can trace its origins to the founding of the Second State Bank of Indiana in 1834.
Star Banc Corporation was a Cincinnati, Ohio-based regional bank holding company that acquired Firstar in 1998 and took the Firstar name; the merged bank acquired U.S. Bancorp in 2001 and took the U.S. Bancorp name. The company can trace its origins back to 1863 when it was first founded as the First National Bank of Cincinnati.
Merchants National Corporation (MNC) was an Indianapolis-based statewide bank holding company that was one of the largest Indiana-based financial institutions at the time it was acquired by Ohio-based National City Corporation in 1992. Its primary subsidiary was the Indianapolis-based Merchants National Bank and Trust Company, which was founded in 1865.
The economy of Indianapolis is centered on the City of Indianapolis and Marion County within the context of the larger Indianapolis metropolitan area. The Indianapolis–Carmel–Anderson, IN MSA, had a gross domestic product (GDP) of $134 billion in 2015. The top five industries were: finance, insurance, real estate, rental, and leasing ($30.7B), manufacturing ($30.1B), professional and business services ($14.3B), educational services, health care, and social assistance ($10.8B), and wholesale trade ($8.1B). Government, if it had been a private industry, would have ranked fifth, generating $10.2 billion.
This page is based on this Wikipedia article Text is available under the CC BY-SA 4.0 license; additional terms may apply. Images, videos and audio are available under their respective licenses.
