Chase Tower (Phoenix)
|Chase Tower Phoenix|
|Location||201 North Central Avenue
|Roof||483 ft (147 m)|
|Design and construction|
|Architect||Welton Becket and Associates|
The Chase Tower (formerly known as Valley Center and Bank One Center) in Phoenix, Arizona, is the tallest building in the state of Arizona. Built in 1972, it is 483 feet (147 m) tall. It was originally built for local financial heavyweight Valley National Bank, which Bank One merged with in 1993. Bank One merged with Chase in 2005, and the building was renamed in December 2005. It is 40 stories tall but the highest occupiable floor is the 38th. There is no longer a public observation area on the 39th floor in the Chase Tower; it was closed many years ago, during redevelopment and construction on the upper floors.
Unlike many traditional skyscrapers with zero-setback retail/lobby space on the ground floor, access to the tower is through an underground restaurant/retail concourse set a comparatively large distance away from the bordering streets.
The building was designed by the prominent Los Angeles architectural firm Welton Becket and Associates (now Ellerbe Becket), with local associate architects Guirey, Srnka, Arnold & Sprinkle. Upon completion, the tower marked the beginning of a renewed investment in downtown Phoenix that would last for almost twenty years until the savings and loan crisis brought about the 1989 real estate crash. Located at 201 North Central Avenue, the tower was renovated in 2003 to accommodate 800 additional Bank One employees.
In March 2007, Chase Tower was sold for record $166.9 million, the highest price paid for an office building in Phoenix.
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