Banco de América, Modern architectural structure in Managua, Nicaragua.
Banco de América is a 17-story office tower with a square plan at the northeast corner of Avenida Roosevelt and 4ª Calle Suroeste in Managua's historic center. Its reinforced concrete and steel structure has a lobby, two basements, and a facade of vertical lines. The first basement and lobby are clad in marble.
The Banco de América commissioned the building on 13 February 1968 for 20 million córdobas, with a design by Edward Durell Stone and Nicaraguan architect Eduardo Chamorro Coronel and engineering by Filadelfo Chamorro. Wells Fargo Bank of San Francisco financed it and sent engineers to apply California seismic codes, using concrete piles and a foundation that lets the structure float on the subsoil. It opened on 4 December 1970 under Anastasio Somoza Debayle and survived the 23 December 1972 earthquake structurally intact, later becoming the seat of the Council of State and then parliamentary offices.
Since 1985 the building has housed the offices of Nicaragua's National Assembly: the PLC in the first basement, the ALN on the third floor, the FSLN on the fifth and the MRS on the tenth. The parliamentary library and committee rooms are also here, and the building was renamed after national hero Benjamín Zeledón around 2008.
The tower stands at the northeast corner of Avenida Roosevelt and 4ª Calle Suroeste, opposite the former Banco Nacional de Nicaragua building, now the National Assembly. The first basement and lobby, clad in marble, were reached by escalators. The fence that enclosed the four sides at lobby height from the 1980s was removed in late 2007.
The building rests on a concrete foundation designed to let it "float" over the subsoil, a technique first used in Mexico. Wells Fargo Bank of San Francisco financed it and sent engineers to apply California's building code, using records of the 1931 Managua earthquake as the load reference.
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