541 North Fairbanks Court

For other uses, see Time-Life Building (disambiguation).
541 North Fairbanks Court
541 North Fairbanks Court in September 2014
Map
General information
Address541 North Fairbanks Court
Completed1969
Height404 feet (123 m)
Technical details
Floor count30
Design and construction
Architect(s)Harry Weese

541 North Fairbanks Court, formerly the Time-Life Building, is a 404-foot-tall (123 m), 30-story skyscraper in Chicago, Illinois, designed by Harry Weese and completed in 1969.[1] Located on the Near North Side, it was among the first in the U.S. to use double-deck elevators.[2] The odd-numbered floors are accessible from the lower lobby, with even floors serviced from the upper level.

In 2014, the building was purchased by Northwestern Memorial Hospital, which already housed several back-office functions there, for $28 million (equivalent to $36 million in 2023).[3]. The Chicago Park District planned to vacate floors 3 through 7, which it used as its headquarters, in 2018.[4] It then negotiated an extension with rent of the lease while preparing a move to a new facility.[5]

  1. ^ Sharoff, Robert (July 7, 2010). "On the Life and Work of Chicago Architect Harry Weese". Chicago. Retrieved October 19, 2018.
  2. ^ Strakosch, George R.; Caporale, Robert S., eds. (2010). The Vertical Transportation Handbook. John Wiley & Sons. ISBN 978-0-4709-1973-6.
  3. ^ 1634–1699: McCusker, J. J. (1997). How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States: Addenda et Corrigenda (PDF). American Antiquarian Society. 1700–1799: McCusker, J. J. (1992). How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States (PDF). American Antiquarian Society. 1800–present: Federal Reserve Bank of Minneapolis. "Consumer Price Index (estimate) 1800–". Retrieved February 29, 2024.
  4. ^ Ori, Ryan (April 18, 2014). "Northwestern Memorial pays $80 million for Streeterville office tower". Crain's Chicago Business. Retrieved March 27, 2022.
  5. ^ Spielman, Fran (2020-12-10). "Park District headquarters in Brighton Park moves closer to reality". Chicago Sun-Times. Retrieved 2022-03-27.