page_title: Equitable Building (Atlanta)
section_title: Ownership
hierarchical_section_title: Equitable Building (Atlanta) / Ownership
caption_attribution_description: English: w:Equitable Building (Atlanta), taken looking toward south from Westin Peachtree Plaza Hotel. Rhodes-Haverty Building (across Williams Street) at lower left, Flatiron Building (across Peachtree Street) behind that. Woodruff Park to the south (across Auburn Avenue / Luckie Street) is behind the Equitable Building.
context_page_description: The Equitable Life Assurance Building is a 32-story, 453 foot tall office building in Atlanta, Georgia. It is located at 100 Peachtree Street in the Fairlie-Poplar neighborhood in downtown Atlanta. A typical example of an International-style skyscraper, the building was designed by Chicago-based architectural firm Skidmore, Owings and Merrill, and was constructed in 1968 on the site of the former Piedmont Hotel. The building's "EQUITABLE" signage was an easily recognizable piece of the downtown Atlanta skyline, while the tower's black finish stood in sharp contrast to the surrounding buildings. The building's signage was changed in late 2018 to now host a digital signage board for the new main tenants.
  The Equitable Building is adjacent to the historic Flatiron Building and the historic Rhodes-Haverty Building. The building's site is bounded on the southwest by Luckie Street, on the northwest by Forsyth Street, on the northeast by Williams Street, and on the southeast by Peachtree Street. The public greenspace and outdoor seating of Woodruff Park is located across Peachtree Street to the south.
context_section_description: The building was constructed for the Equitable Life Insurance Company in 1968, with the company maintaining ownership of the building from 1968 to 1997 when it was sold to Chicago-based LaSalle Advisors for roughly $36 million. In 2007, it was purchased by Equastone 100 Peachtree LLC for $57 million.
  Due to the late-2000s recession, the value of the building dropped by more than 25%, and the building reached a vacancy level of 50%. By April 2009, the building was in foreclosure, and was to be auctioned in May of that year. Equastone owed $52 million to Capmark Bank, and thus was upside-down on its mortgage.
  On June 2, 2009 the building was put up for auction in Atlanta. The only bidder, 100 Peachtree Street Atlanta LLC, an affiliate of Capmark Bank, bought the building for $29.5 million. In late January 2010 there were reports that Georgia State University was interested in buying the building and its parking deck and in May 2011 the Atlanta Journal Constitution reported that GSU was in negotiations to purchase the building to house its J. Mack Robinson College of Business. No deal was ever publicly announced.  On July 6, 2011, the building was purchased by Florida-based America's Capital Partners for $19 million.
caption: View from the north, with Rhodes-Haverty at lower left
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