Two Hannover Square
Encyclopedia
Two Hannover Square is a 29-story 131.37 m skyscraper
Skyscraper
A skyscraper is a tall, continuously habitable building of many stories, often designed for office and commercial use. There is no official definition or height above which a building may be classified as a skyscraper...

 at 434 Fayetteville Street in Raleigh, North Carolina
Raleigh, North Carolina
Raleigh is the capital and the second largest city in the state of North Carolina as well as the seat of Wake County. Raleigh is known as the "City of Oaks" for its many oak trees. According to the U.S. Census Bureau, the city's 2010 population was 403,892, over an area of , making Raleigh...

 with 433900 square feet (40,310.6 m²) of office space. Its major tenant is BB&T
BB&T
BB&T Corporation is an American bank with assets of $157 billion , offering full-service commercial and retail banking services along with other financial services like insurance, investments, retail brokerage, mortgage, corporate finance, consumer finance, payment services, international...

. From its opening in 1991 until the completion of RBC Plaza
RBC Plaza
RBC Plaza, also known as RBC Tower, is the largest and tallest skyscraper in the city of Raleigh, North Carolina, USA. The tower rises to a height of and is situated on a lot housing approximately of office and retail space, parking and residential condominiums...

 in 2008, it was Raleigh's tallest building.

History

Two Hannover Square, built by the same company as nearby One Hannover Square
One Bank of America Plaza
One Bank of America Plaza, also called One Bank of America Square, is a 17-story skyscraper located at 421 Fayetteville Street in Raleigh, North Carolina with .-History:One Hannover Square and Two Hannover Square were completed in 1985....

, opened in 1991 as one of the two tallest buildings in Raleigh, the other being First Union Capitol Center
Wachovia Capitol Center
Wachovia Capitol Center is a 30-story 121.92 m skyscraper at 150 Fayetteville Street in Raleigh, North Carolina with of space...

. Because both buildings added so much office space to downtown Raleigh at about the same time, the owners had a hard time finding tenants, and in the case of Two Hannover Plaza, the result was bankruptcy
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....

.

Phoenix Limited Partnership bought Two Hannover Plaza in 1993 for $18.5 million.
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
x
OK