CHICAGO: The French Connection

Meet Montparnasse 56. The Parisian firm has big plans for the Hancock’s observation deck, and we caught up with CEO Patrick Abisseror (snapped atop Tour Montparnasse) recently in Paris. (We'll go to the ends of the world for you, dear readers.) The company's founders built the French tower 40 years ago, taking ownership of the 56th floor and developing it as a tourist destination, he tells us. Others under its belt: Berlin’s TV Tower and Provence’s Crocodile Park. After a 2010 bid for One World Trade Center’s observation deck in NYC fizzled, the company jumped to buy the Hancock observatory (now 360 Chicago) from a Deutsche Bank-led venture, Patrick says.

Its $5M refurbishment plan includes Tilt, the site’s most innovative new feature—the wall moves (above), offering downward-facing views. The key to 360 Chicago’s success, Patrick says, is attracting tourists from rapidly growing markets like China, India, Brazil, and Russia. Chicago has already become Montparnasse’s base for US expansion, with a few more national projects brewing as a result. Ideally, he’d like to open two or three more US venues in the next five years. When he’s not working, Patrick enjoys traveling (he just went to Morocco) or relaxing at his home in Provence.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Broward Lures Office Tenants Away From Miami-Dade

ISIF Commits €100M To IPUT's €500M Office Development Pipeline

OpenAI Plans Data Center Rebrand To Make Projects Palatable To Voters

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

Brookfield, CPP Complete $5.2B REIT Buyout, Pick Up U.S. Logistics Assets

Metropolis Is Bringing AI To The Parking Experience, And Property Owners Are Taking Notice

What's At Stake For CRE In Tuesday's U.S. Midterm

The Data Center Election That Matters Isn't In Congress

TPG, ACORE Raise Billions For Opportunistic CRE Funds

Newmark Cuts Earnings Outlook Despite Record Third Quarter

Battered Mortgage REIT Suspends Dividend To Preserve Cash

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space