Briefly: IBM Plaza’s New Name, Capturing Value

AMA Building

  • The building formerly known as IBM Plaza (330 North Wabash Avenue) will become AMA Plaza in 2013 when the American Medical Association moves in.  It’s currently headquartered at the AMA Building a few blocks away at 515 North State Street, best known for having a big hole in one side of it.
  • There’s an interesting, and fairly lengthy, article on Grid Chicago about the notion of value capture. I’m not a public policy wonk, but it appears that “value capture” is an umbrella term used for public-private partnerships, especially when it comes to urban development.  One example cited is the CTA’s new North/Clybourn station, funded in large part by Apple.
  • The Seneca Hotel (200 East Chestnut Street, jammed in behind the John Hancock Center) has been sold to the company best known locally for owning Presidential Towers.
  • 321 North Clark Street, formerly the Quaker Oats Building, has been awarded LEED-EB Gold status.  Which means it’s time for an obligatory plug: We did a big photo shoot of the building, inside and outside, for the building’s owner, Hines REIT.  If you need photos of your building, let us know. We’re available for anything from a lobby or hotel room all the way up to full warehouse and skyscraper shoots.  Call us at 312/436-0400, or e-mail

Author: Editor

Editor founded the Chicago Architecture Blog in 2003, after a long career in journalism. He can be reached at

Share This Post On