Abstract | The collapse performance of code-designed base-isolated structures has recently received considerable criticism, having been found to be deficient vis-à-vis conventional buildings in several situations. As a remedy, prescriptive minima with a tenuous probabilistic justification have been recommended in the literature for the bearing deformation capacity. These are independent of structure or site characteristics, yet they are already finding use in design. We put this concept to the test by means of a case study of a seismically isolated steel structure that rests on the roof of two adjacent high-rise reinforced concrete towers. To seismically isolate the steel structure, Friction Pendulum Bearings (FPBs) are used, and their displacement capacity is determined to comply with a performance objective of 1% probability of collapse in 50 years. The case study possesses two salient features that distinguish it from pertinent past investigations. The first is that the isolated steel structure rests on top of two others and consequently it is subjected to narrow-band roof acceleration time histories, shaped by the filtering of the ground motion excitation through the supporting buildings. The second is that the two supporting towers have different modal characteristics, thus displacement demands imposed to the FPBs are mainly affected by their in-phase or out-of-phase movement. Overall, a case-specific true performance-based design is shown to achieve the desired safety while requiring 1.5 times lower displacement capacities for the bearings, when compared to prescriptive “performance-based” approaches.