Professional Building (Phoenix, Arizona)
|Location||North Central Avenue and Monroe Street
|Roof||171 ft (52 m)|
|Design and construction|
|Architect||Morgan, Walls & Clemmets|
The Professional Building in Phoenix, Arizona, is an Art Deco skyscraper in the state of Arizona. Built in 1932, it is 171 feet (52 meters) tall. The Professional Building is designed in the Art Deco style. Angles and setbacks are played up in this streamlined design. A central tower rises from the two story base with a wing on the western side of the building. The entrances on Central Avenue and Monroe Street feature decorative grills above the doors, which add elements to the deco design.
In 1930, members of the Maricopa County Medical Society met to discuss the need for a major facility for medical, dental and laboratory offices. Coincidentally, the Valley Bank and Trust Company (later to be known as Valley National Bank of Arizona) was preparing plans to build their headquarters. The Professional Building is the result of combining the office space needs of both entities.
Upon completion, in February 1932, the Valley Bank moved into the bottom three floors with medical offices occupying the top seven.
In 1958, a large rotating Valley National Bank sign was added to the top of the tower. It measured 49 feet across and could be seen from miles around. Also in 1958 another floor was added to the western wing. This floor differs slightly from the rest of the building, as it is mostly glass and it is attached to the central core tower by a 45 degree angled cantilever. (In the opening shot of Alfred Hitchcock's 1960 film Psycho, the building along with the rotating sign can be seen as the camera pans across the then-skyline of downtown Phoenix.)
In 1972, the Valley Bank moved across the street to the tallest skyscraper in the state, its newly built headquarters, now known as Chase Tower.
By the early 2000s, the building had been vacant for years and the revolving sign had been removed.
Scottsdale-based Grace Communities purchased the Professional Building. It is in the midst of a major renovation. The Professional Building was slated to be transformed into the Hotel Monroe, a 150-room boutique hotel. Originally slated to open in October 2008, the Hotel Monroe project stopped because of the collapse of its lender Mortgages Ltd.
In 2013, the Hotel Monroe was the last of the Mortgages Ltd. properties to be sold off, going to CSM Lodging for $7.9 million. The property will be fully restored as a hotel, likely carrying the Hilton brand name.
- Barry, Jahna (2008-04-21). "New hotel is baking on vintage vibe". The Arizona Republic. Retrieved 2008-09-18.
- http://www.hotelmonroe.com (dead link)
- http://www.gracecommunities.com (dead link)
- http://www.coppersquare.com (dead link)