The Gold Building, Hartford, CT
One Financial Plaza, Hartford's Gold Building, was built in 1973 and was one of Hartford's first Class-A office towers and has become an icon for the city and home to some of the biggest names in corporate America. However, the building began to suffer some image problems by the 1990's, mostly due to its aging infrastructure. Fortunately, the building has enjoyed a great roster of tenants, as well as supportive ownership lineage, with United Technologies owning the building in the 80s, The Principal Financial Group owning it in the 90”s, and Talcott II Gold, LLC since 2000. Each of these owners have reinvested in the building so that it remained a competitive office tower. RM Bradley, has been the building's property manager since it was opened in 1973.
Under the management of RM Bradley and with the foresight of its owners, One Financial Plaza has undergone a transformation. The first and most visible project entailed a complete public area renovation including lobby updates with granite floors, custom designed lighting, new signage, new revolving doors and an architecturally sculpted ceiling. In addition, each multi-tenant floor was completely remodeled including lighting, carpeting, ceilings and wall covering. Estimated at approximately $2 million in total, these improvements brightened the image of the building for visitors as well as tenants. Shortly after these projects were complete, ownership embarked on a multi-million dollar modernization of the elevator systems in the building. This project included complete replacement of the 12 passenger elevators as well as nearly $450,000 worth of cab interior upgrades.
Behind the scenes, the work was only just beginning. The original chillers were replaced with state of the art energy efficient machines at a cost of nearly $1.5 million. A cooling tower replacement a few years later at a cost of $1.2 million rendered the buildings' air conditioning system virtually brand new. The attached eight-story parking garage has also had extensive structural and aesthetic remodeling that includes waterproofing, energy efficient lighting, and façade repair. It also included a state of the art revenue control system. Finally, the building has undergone a complete replacement of its fire alarm system at nearly $1.3 million. This is the third such system upgrade in the buildings history which illustrates the dedication ownership has had for tenant life safety.
All of these projects have been completed under the oversight and management of RM Bradley, with careful attention not to cause disruption to tenant comfort. As a result, the the building maintains a nearly 100% occupancy rate as a result of these improvements. One Financial Plaza might be one of Hartford's earliest Class A buildings, but as a result of diligent management and generous ownership, it has become one of Hartford's newest high rise buildings as well.
Hartford's Gold Building Achieves 100% occupancy through ownership reinvestement.
In 2010, the Building Owners and Managers Association (BOMA) recognized One Financial Plaza, Hartford's Gold Building, as one of its Buildings of the Year!