A mid-rise workplace constructing in downtown Pasadena, California, that’s been topic to (not completely implausible) conspiracy theories through the years was bought earlier this month in a $72 million transaction to Atlas Capital Group as reported by The Actual Deal.
Accomplished in 1974, the constructing’s most notable options embrace its travertine-clad facade and a near-complete absence of home windows save for the bottom degree. Sure, no home windows. It was designed by the namesake agency of marquee modernist architect Edward Durell Stone, an Arkansas-born 20th-century powerhouse whose lengthy checklist of notable tasks consists of the U.S. Embassy in New Delhi, India; PepsiCo headquarters in Buy, New York; the Normal Motors Constructing in Manhattan; Westgate Tower in Austin, Texas, and each the John F. Kennedy Middle for Performing Arts in and the Nationwide Geographic Society constructing in Washington, D.C., Early in his profession, Stone additionally had roles within the design of the Museum of Fashionable Artwork and Radio Metropolis Music Corridor.
The 360,000-square-foot Pasadena constructing, lengthy shrouded in thriller due to that signature design function, isn’t considered one of Stone’s better-known works, and was authorized for a considerable redesign early final 12 months by metropolis planners with the blessing of Pasadena’s high historic preservation brass. Stone himself, who died 4 years after the constructing was accomplished, reportedly wasn’t instantly concerned within the design of the constructing, which was in the end “heavily modified” to be extra imposing by Bank of America officers, per the Pasadena Star-Information.
“Pasadena Heritage agrees with the conclusion that the building does not rise to standard of significance for landmark or National Register (of Historic Places) status, though it remains, certainly, a building of interest that has held its place on that corner for decades now—with various opinions about it having been expressed over the years,” Susan Mossman, government director of Pasadena Heritage, defined to the Star-Information final 12 months.
Occupied by the Bank of America from its completion up till final 12 months, the monolithic slab of a construction (domestically known as the Bank of America constructing) isn’t utterly with out historic significance. Per the Star-Information, it served as a processing heart for the BankAmeriCard, which was the primary bank card—a direct predecessor of the Visa card—that permitted cardholders to hold a steadiness.
Previous to its sale to Atlas Capital Group, the outdated Bank of America constructing was owned by Woodbridge Capital Companions, the identical actual property funding agency that had sought permission from the town to dramatically revamp the construction final 12 months. Whereas it’s unclear what Atlas Capital Group’s actual plans for the constructing are, it is going to presumably embrace home windows.
“Creating some window openings should be able to be done attractively and appropriately to make it a usable building. Given its size and location, it is certainly important that it have a new, productive use,” wrote Mossman of Pasadena Heritage final 12 months.”This isn’t a demolition however a modification which ought to be capable of be efficiently achieved.”