“The first step towards getting somewhere is to decide that you are not going to stay where you are.”
—J. P. Morgan
The property is now a 38-story, 537 ft skyscraper called, “City Place I” – the tallest building in Connecticut, and two meters taller than Travelers Tower (built 1919). City Place I was designed by Skidmore, Owings & Merrill, and completed in 1980. The majority of the building is office space, though there are various restaurant and retail establishments found on the lower floors. The building was sold on April 2, 2012, to CommonWealth REIT, a real estate investment trust based in Newton, Massachusetts, for $99 million, by the original owner, CityPlace LLC at approximately $112 per square foot.
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