Displaying items by tag: never realized

Milwaukee, Wisconsin

In 1955, the Bank Building & Equipment Corporation's subsidiary, Design, Inc., held an option to purchase a building lot in downtown Milwaukee for $750,000. Design, Inc. was stated in the Milwaukee Sentinel to be the leading hotel builder in North and South America according to Henry Blume, president of Beacon Federal Savings and Downtown Development Corp., owner of the tract of land and willing hotel investor. The site had been recommended for a hotel by real estate analysts to Blume.

As proposed and rendered by architect W.A. Sarmiento of the Bank Building & Equipment Corporation, the hotel was proposed to be a $10 million, 22-story, 660-room structure. It was reported that the hotel would be built after completing a lease arrangement with a hotel operator. In the running at the time were Schimmel Hotels of Lincoln, Nebraska, and Corrigan Corp. of Dallas, Texas, which operated the Biltmore in Los Angeles. However, neither the bank nor hotel was ever realized in construction.

Photo Credits

Main photo and #1; Historic Photo Collection / Milwaukee Public Library
Photo #2; Historic Photo Collection / Milwaukee Public Library
Photo #3; Wisconsin Historical Society- WHi-52959
Photo #4; Wisconsin Historical Society- WHi-52960

Published in Wisconsin

Monterrey, Mexico

This design was conceived and promoted to bankers in Mexico by W.A. Sarmiento for the Bank Building & Equipment Corporation. Sarmiento believes that this structure was never built.

Published in Outside US

Guadalajara, Mexico

No further information is available. It is unknown whether this project made it past the conceptual phase.

Published in Outside US

Tegucigalpa, Honduras

This design was conceived and promoted to bankers in Honduras by W.A. Sarmiento for the Bank Building & Equipment Corporation. Sarmiento believes that this structure was never built.

Published in Outside US

Los Angeles, California

In a design competition to build a new bank on the prominent corner of La Brea and Wilshire Blvd. in downtown Los Angeles, the Bank Building & Equipment Corporation had W.A. Sarmiento design a complete compliment of structures to suit the needs of Columbia Savings. The components of the Sarmiento's design included an office tower and branch bank, apartment buildings to the rear of the property. The uniqueness of the futuristic design came in the plan for the floating branch bank, cantilevered from the office building and lightly suspended by a structural arch in front. Bringing more relief to the tall, thin office structure, Sarmiento put a slight angle in the center. Even the apartment buildings included a vertically repeating series of cantilevered living spaces.

Columbia did not choose Bank Building & Equipment Corporation because they could not afford such a grand plan. After choosing a design by another architect (which was recently demolished) the Columbia Savings sold the remaining land as it was too valuable for a small bank to develop.

Photos courtesy of W. A. Sarmiento

Published in California