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
Equitable Building (Chicago) Equitable Building (Chicago) 401 North Michigan is a 35-story skyscraper in the Streeterville area of Chicago, built in 1965 at 401 North Michigan Avenue, along the north bank of the Chicago River. Along with the Tribune Tower and Wrigley Building, it forms the southern gateway to Chicago's famous Magnificent Mile. The building was built atop the site of a cabin belonging to Chicago's first permanent resident, Jean Baptiste Pointe du Sable. In reference to du Sable, the large plaza adjacent to the building has been named Pioneer Court. 401 North Michigan occupies a site with several aspects of historical significance,