Chase Tower, a striking fixture in the skyline of Phoenix, Arizona, stands as a testament to modern architectural ingenuity and the dynamic history of the city. Rising to an impressive height of 483 feet (147 meters), this 40-story skyscraper is the tallest building in Arizona, offering a blend of historical significance and contemporary design that makes it a must-see landmark for visitors to the Valley of the Sun.
Chase Tower's story begins in 1972 when it was originally constructed as the headquarters for Valley National Bank. Designed by the renowned architectural firm Welton Becket and Associates, with local contributions from Guirey, Srnka, Arnold & Sprinkle, the building marked a significant period of economic investment in downtown Phoenix. Over the years, the tower has witnessed several transformations, including a hostile takeover by Bank One in 1992 and a subsequent merger with Chase in 2005, which led to its current name.
The tower’s construction was a pivotal moment for Phoenix, signaling a renewed interest in the downtown area that lasted for nearly two decades. However, the economic downturn of the late 1980s and early 1990s brought challenges, leading to changes in ownership and purpose. Despite these hurdles, Chase Tower has remained a prominent symbol of Phoenix's resilience and growth.
One of the most captivating aspects of Chase Tower is its unique architectural design. The building occupies an entire city block and features a footprint reminiscent of a three-leaf clover with a narrow elevator core on the southern facade. This core, with its rough concrete texture, is the tallest part of the tower and contrasts beautifully with the sleek glass panel curtain walls that cover the rest of the structure.
The tower’s design is not just about aesthetics; it also reflects thoughtful urban planning. Unlike many traditional skyscrapers that have ground-level retail and lobby spaces, Chase Tower’s access is through an underground restaurant and retail concourse, set a significant distance from the surrounding streets. This design choice creates a unique blend of accessibility and exclusivity, making the tower a distinctive feature in Phoenix’s architectural landscape.
While the highest occupiable floor is the 38th, the tower originally featured a public observation area on the 39th floor. Although this space has been closed during various redevelopment phases, the tower still offers stunning views of the Phoenix skyline and the surrounding desert landscape. These panoramic vistas are a reminder of the tower's prominence and the breathtaking beauty of Arizona.
Visitors to Chase Tower can also explore the underground concourse, which houses a variety of dining and retail options. This area serves as a bustling hub of activity, providing a convenient and vibrant space for both office workers and tourists. The concourse’s design ensures that it remains a lively part of the downtown experience, even as the tower itself evolves.
Chase Tower has not only been a focal point for business and commerce but has also made appearances in popular culture. It was featured in the History Channel series Life After People, highlighting its architectural significance and the role it plays in the urban fabric of Phoenix. Such appearances underscore the tower's status as an iconic structure that captures the imagination of people beyond Arizona.
In recent years, Chase Tower has undergone significant changes. In 2018, it was acquired out of foreclosure by a partnership managed by Wentworth Property Company for $79 million, a stark contrast to its 2007 sale price of $166.9 million. Later that year, Vincent Viola purchased the building for $107.5 million, reflecting the ongoing interest and investment in this landmark property.
As of 2021, Chase began transitioning its employees to a new corporate campus in Tempe, leaving the tower empty. This transition marks a new chapter for Chase Tower, as its future use remains uncertain. However, its historical and architectural significance ensures that it will continue to be a key part of Phoenix's downtown landscape.
Chase Tower is more than just a skyscraper; it is a symbol of Phoenix's growth, resilience, and architectural innovation. Whether you are a history enthusiast, an architecture aficionado, or simply a curious traveler, a visit to Chase Tower offers a glimpse into the dynamic evolution of one of America's fastest-growing cities. As you explore its towering heights and unique design, you will gain a deeper appreciation for the rich tapestry of stories that make up the heart of Phoenix.
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