AMA moving to former IBM building
Historic Mies van der Rohe building will be named for medical association upon 2013 move
The Mies van der Rohe-designed building at 330 N. Wabash Ave. will be the new home of the AMA in 2013. (Todd Panagopoulos, Chicago Tribune / July 2, 2005)
The American Medical Association said Friday that it will move its Chicago headquarters to the iconic modernistic tower at 330 N. Wabash Ave. in September 2013. At that time, the 52-story tower will be renamed AMA Plaza.
The new location is two blocks south of the AMA's current home at 515 N. State St., which it has occupied since 1990. The physicians trade group will be moving out before its lease expires in August 2015.
The AMA's arrival continues the revival of the 39-year-old riverside landmark that sits half vacant since losing key tenants in the past decade. IBM, which constructed the building to house its Chicago offices, moved out in 2005. The Jenner & Block law firm departed in 2009 for a new River North office tower.
A 320-room luxury hotel, occupying the first 12 floors, is expected to open in 2013.
The AMA plans to occupy between 275,000 and 300,000 square feet on floors 39 through 47, said the association, which has 1,100 employees in Chicago.
The move concludes a long property search that included potentially anchoring a new development at Union Station. Those plans fell through.
"It's been a thorough and exhaustive process, and we feel this decision makes good sense economically and logistically," Dr. James Madara, the AMA's chief executive officer, said in a statement. "It will allow us to upgrade our work environment with minimal disruption to our current work flow and our employees' commutes."
Terms of the AMA's 15-year lease were not disclosed. The AMA was assisted in its search by Chicago-based Jones Lang LaSalle.
The building, which was Mies' last American building, was designated a Chicago landmark in 2007 and was added to the National Register of Historic Places in 2010. It is owned by a joint venture including Chicago-based Prime Group Realty Trust.