500 Marquette is a 15-story, high-rise office building located at 500 Marquette Avenue NW in
Downtown Albuquerque
Downtown Albuquerque is the central business district of Albuquerque, New Mexico, United States. It is where a significant number of the city's highrise buildings are located, and is the center of government and business for the Greater Alb ...
,
New Mexico
New Mexico is a state in the Southwestern United States, Southwestern region of the United States. It is one of the Mountain States of the southern Rocky Mountains, sharing the Four Corners region with Utah, Colorado, and Arizona. It also ...
. 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
EQ Office is a real estate investment company that owns 80 office properties comprising 40 million square feet. The company is owned by and funds managed by The Blackstone Group. The company was formerly known as Equity Office.
History
The compa ...
.
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
A multistorey car park (Commonwealth English) or parking garage (American English), also called a multistorey, parking building, parking structure, parkade (Canadian), parking ramp, parking deck, or indoor parking, is a building designed fo ...
, 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. Later that year it was sold to
EQ Office
EQ Office is a real estate investment company that owns 80 office properties comprising 40 million square feet. The company is owned by and funds managed by The Blackstone Group. The company was formerly known as Equity Office.
History
The compa ...
.
Bernalillo County
Bernalillo County (; ) is the most populous county in the U.S. state of New Mexico.Bernalillo ...
was in negotiations to purchase the building in 2008, but ended up backing off from the deal due to the
Great Recession
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009.
.
Architecture
500 Marquette is 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 bronze sculpture by
Allan Houser
Allan Capron Houser or Haozous (June 30, 1914 – August 22, 1994) was a Chiricahua Apache sculptor, painter, and book illustrator born in Oklahoma.
See also
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List of tallest buildings in Albuquerque
This list of tallest buildings in Albuquerque ranks high-rises in the U.S. city of Albuquerque, New Mexico, Albuquerque, New Mexico by height. The tallest building in Albuquerque is the 22-story Albuquerque Plaza, Albuquerque Plaza Office Towe ...