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500 Marquette

Field	Value
name	500 Marquette
alternate_name	Albuquerque Petroleum Building
Bank of the West Building
Cavan Building
image	Abq Petroleum Bldg.jpg
caption	500 Marquette as seen from the south
location	500 Marquette Avenue NW
Albuquerque, New Mexico
coordinates
status	Complete
completion_date	1986
building_type	Commercial offices
roof	71.7 m
floor_count	15
floor_area	230000 sqft
elevator_count	6
architect	Dwayne G. Lewis Architects
references

Bank of the West Building Cavan Building Albuquerque, New Mexico

500 Marquette is a 15-story, 71.7 m 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. During the 1990s, 500 Marquette was owned and managed by the Chicago-based EQ Office.

History

500 Marquette was built by Cavan Associates of Phoenix and opened in 1986, costing about $45 million in total. 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. The office building struggled financially and went into foreclosure in 1989. Bernalillo County was in negotiations to purchase the building in 2008, but ended up backing off from the deal due to the Great Recession.

Architecture

500 Marquette is 235 ft 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 ft bronze sculpture by Allan Houser titled "The Future—Chiricahua Apache Family".

References

"Emporis building ID 129656". [[Emporis]].
{{SkyscraperPage. 21280
{{Structurae. 20034887
Gray, Autumn. (February 20, 2007). "The Petroleum Club Has Closed - Managers Cite Financial Woes". Albuquerque Journal.
(June 10, 1989). "Foreclosure of Cavan Building nets $24.5 million". Albuquerque Journal.
(May 8, 1986). "Parking garage deal cost city an extra million". Albuquerque Journal.
(October 3, 1989). "Chicago-based fund takes over 500 Marquette building". Albuquerque Journal.
McKay, Dan. (June 1, 2009). "What To Do With Debt? - County Borrowed, Didn't Buy Site". Albuquerque Journal.
(September 19, 1986). "Arts Calendar". Albuquerque Journal.

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

skyscraper-office-buildings-in-albuquerque,-new-mexico office-buildings-completed-in-1986 1986-establishments-in-new-mexico

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