BOMA/Chicago announced that two local building members – 564 West Randolph and AMA Plaza – were honored with 2016 International TOBY Awards at the BOMA International Conference, June 28 in Washington, DC.
The Outstanding Building of the Year (TOBY) Award is the most prestigious and comprehensive program of its kind in the commercial real estate industry, recognizing excellence in building management, operational efficiency, tenant retention, emergency planning and community impact.
This is truly an impressive accomplishment, as these Chicago winners competed against eminent Class A buildings in markets around the world and made it through three levels to win the international award.
BOMA/Chicago provided the following descriptions of the buildings:
Under 100,000 Square Feet: 564 W. Randolph
Managed by Sterling Bay Property Management and Owned by 564 W. Randolph, LLC
Competed against four other buildings within the category
In 2012, Sterling Bay executed a complete renovation of the early 1900’s building which now boasts world-class tenancy and superior operations. The boutique 96,535-square-foot office building is located a few blocks from Chicago’s central business district and has been featured in multiple industry journals based on its exceptional energy performance.
Over 1 Million Square Feet: AMA Plaza
Managed by Riverview Realty Property Management
Competed against five other buildings within the category
AMA Plaza is a 1,517,301 square foot multi-tenant office and hotel tower located in downtown Chicago and was completed in 1972 as the last and largest American office building designed by renowned architect Ludwig Mies van der Rohe. The office portion of the property, consisting of the office lobby and floors 14 to 52, is managed by a subsidiary of Riverview Realty Partners and the hotel portion of the building, consisting of the lower floors, is operated as The Langham Hotel.
AMA Plaza is the international headquarters of the American Medical Association, is 96 percent occupied and LEED Gold Certified and is a designated Chicago Landmark and listed on the National Register of Historic Places. The property recently underwent a $70 million redevelopment program which included many new state of the art amenities, including a new café, fitness center, mechanical, electrical, and fire/life safety systems and a green roof, all of which have contributed to AMA Plaza’s reputation as a leader in energy and sustainability initiatives while preserving the historic integrity of a classic building.