Title and Trust Building

About this property

The Orpheum Lofts (originally the Title and Trust Building) is an 11-story high-rise building in Phoenix, Arizona, designed in Art Deco style by local architects Lescher & Mahoney. It was the largest office building in Arizona at the time of its construction in 1930. The grand opening took place on January 31, 1931. The building is located at 114 West Adams Street in downtown Phoenix. The bricks used in the facade were specially made in California and are progressively lighter in color from bottom to top. A neon sign located on the north side that advertised the 'Phoenix Titles & Trust Co' was a prominent feature for many years. The site was originally occupied by the 2-story O'Neill Building which was constructed around 1900 and housed early Phoenix lawyers O'Neill and McKean, and later the Arizona Industrial Congress. The building was razed in 1929 to make way for construction of the Title and Trust Building which was expected to cost $650,000. William Simpson Construction Company of Los Angeles built the 11 story building. Transamerica Title Insurance Co. acquired the building in 1959 when it bought controlling interest in the Phoenix Title & Trust Co. The building was sold during March 1969, by Transamerica to T & T Building Associates for $2,000,000. The building was listed on the National Register of Historic Places on September 4, 1985, as part of the Phoenix Commercial MRA (multiple resource area). First Interstate Bancorp, later bought out by Wells Fargo, was the main tenant for many years during which time vacancy in the building increased substantially. By 1997, the building was occupied by a scant 35 employees and all but five worked for Wells Fargo. In July 1997, the bank moved their employees to a new facility across the street in the First Interstate Bank Plaza. Soon after, the remaining tenants followed suit. By 1998 the building was vacant and on the market. BRE Properties, a San Francisco real estate company, purchased the building and had plans to turn it into 90 multifamily luxury apartments. Expected renovation costs were about $13 million; however, the renovation never occurred and the building was resold to TASB LLC., a Denver-based developer in 1999 who had plans to convert the building into condominiums. During 1954, architects Lescher & Mahoney designed a 3-story annex to the rear of the main building which stretched the full width of the property and was designed to handle an extra seven stories on top if ever needed. This would have brought the addition to the same height as the main structure. Construction began on the addition in January 1955, with planned completion in July of the same year. The addition also had a basement with a photography lab and two dark rooms. The first floor had doors connecting to the lobby of the main structure as well as street accessible doors. The second floor was used as office space for Title & Trust. Half of the third floor housed a cafeteria for building employees, while the other half was a general assembly room for conferences and connected to the cafeteria with accordion doors which could effectively double the space if needed. Total cost for land and construction were $500,000.

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Property data from the National Register of Historic Places, National Park Service (public domain).

Description adapted from Wikipedia under the Creative Commons Attribution-ShareAlike 4.0 International License.

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