Union Bank Plaza
| Company type | Office building |
|---|---|
| Industry | Commercial real estate |
| Founded | 1968 |
| Headquarters | Los Angeles , United States |
Area served | Downtown Los Angeles |
| Products | Office space |
| Owner | Waterbridge Capital |
Union Bank Plaza is a 40-story office tower located in Downtown Los Angeles, California, and holds the designation of a Los Angeles Historic-Cultural Monument.
History
The building was designed by the architectural firms Harrison & Abramovitz and A.C. Martin & Associates. Construction commenced in 1965 and was completed in 1968, originally serving as the headquarters for the Connecticut General Life Insurance Company. This skyscraper was the first to rise in Los Angeles' central business district following the removal of height restrictions in 1957, which was part of the Bunker Hill redevelopment initiative. The three-acre modernist plaza situated above the parking structure was designed by landscape architect Garrett Eckbo.
The building derives its name from the former Los Angeles-based Union Bank & Trust Company, which occupied 14 floors as its corporate headquarters. Despite multiple mergers, the Union Bank name has remained associated with the property. Nevertheless, Union Bank's merger with U.S. Bancorp in December 2022—an entity that also leases space in the nearby U.S. Bank Tower—raises questions regarding future naming rights. In March 2023, ownership of Union Bank Plaza transferred to Waterbridge Capital for an estimated $110 million.
Ranking as the 22nd tallest structure in Los Angeles, it was notably the first skyscraper to receive Los Angeles Historic Cultural Monument status in 2020.
See also
- Aquarius (sculpture), located outside the building
- List of tallest buildings in Los Angeles