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
Sears, Roebuck and Company Complex a modillioned cornice. It housed water tanks for firefighting on the upper levels, as well as offices and secretarial training facilities. It also housed the early broadcast facilities for WLS-AM. In 2015, it was refurbished and reopened to the public as the "John D. and Alexandra C. Nichols Tower". It now houses non-profit groups and offices, including a classroom on the 12th floor for the School of the Art Institute of Chicago. The Sears Roebuck plaque is still visible on top of the building. The Sears, Roebuck and Company Administration Building is a broad five-story masonry building, occupying about 3/4