Willis Tower was $50 million. Since 2007, the building owners considered building a hotel on the north side of Jackson, between Wacker and Franklin, at the plaza that is the entrance to the tower's observation deck. The tower's parking garage is beneath the plaza. Building owners say the second building was considered in the original design. The plan was eventually cancelled as city zoning does not permit construction of such a tall tower there. Although Sears' naming rights expired in 2003, the building continued to be called the Sears Tower for several years. In March 2009, London-based insurance broker Willis Group Holdings
Joshua Sears Building works on what is now Peter Kirk Park. The building originally intended to house a bank at the corner. Sears outfitted the entire interior and even hired a partial staff but with the arrival of the Panic of 1893, the doors, like the steel mill, never opened. In the years after the bust, the building, like many others in the area remained mostly vacant, though it, along with a large portion of the original townsite remained in the ownership of the Sears estate. The corner space was eventually occupied by a printing company and later a grocery store. An electric