Orpheum Lofts Fact Sheet

Project:
Historic renovation of the existing, 11-story, 1931 Art Deco Phoenix Title and Trust Building into urban-style lofts and condominiums. Elegant loft style living located in downtown Phoenix.

Location:
Downtown Phoenix, at 114 West Adams Street, on the northwest corner of Adams and First Avenue, located between Van Buren and Washington.

114 West Adams Street
Phoenix, AZ 85003

Units:
90 luxury loft units available, ranging from 712 to more than 3,000 square feet. Owners may combine units for a larger home.

Developer:
TASB, LLC Denver, Colorado

Principals:
Harvey Deutsch
Joel Farkas
Norman Sheldon

Architect:
Josh Comfort/Lawrence Group Architects
Denver, Colorado
Experience: 16 projects including 1,200 loft units primarily in downtown Denver

Amenities:

• heated swimming pool and spa
  
• valet parking, one space per unit
  
• landscaped courtyard
  
• state-of-the-art fitness center
  
• conference room
  
• business center
  
• satellite television
  
• high-speed internet access
  
• conference and event room
  
• 24-hour doorman
  
• lobby level retail space
  
• housekeeping available
  
• storage rooms

Orpheum Neighborhood:
Located in the "Heart of Historic Downtown Phoenix", also known as Copper Square, the community is the first to offer the ease of walking distance to nearby dining, entertainment, sporting events, cultural attractions and shopping. Orpheum also will offer the convenience of retail stores located on the first floor of the Orpheum Lofts.

Located nearby:

• Orpheum Theatre
  
• Herberger Theatre
  
• Dodge Theatre
  
• America West Arena
  
• Bank One Ball Park
  
• Compass Room
  
• Arizona Science Center
  
• Arizona Center

Price Range:
$150,000 to $1.5 million per unit

Occupancy:
Late 2003/Early 2004

Contractor:
The Weitz Company

Project Manager:
OTL Consulting Services, Inc.
Thaddeus S. Kowalik P.E.
Denver, CO

Condominium Marketing:
Keith Mishkin, Designated Broker
Cambridge Properties

Sales Office:
Joe Shopper, Associate Broker

On-site sales office with a model of a one-bedroom residence available for viewing will open in mid-August.

Hours will be 10 a.m. - 6 p.m. daily, sales and information center is located on the property. Appointments are recommended; please call 602.252.5120 for more information.

History:
The 1931 Phoenix Title and Trust Building originally accommodated a bank and retail shops at street level, with commercial offices on the upper floors. At the time of its construction, it was the largest office building in the State of Arizona.
The 11-story concrete and brick masonry structure housed a large light court above the main banking hall entrance on North First Avenue. Exterior details in brick, stone, granite and terra cotta decorate the structure with original steel frame windows surviving throughout the building.
The elevator lobby entrance faces West Adams Street and the interior of the main elevator lobby is adorned by decorative metal details including package and mail drop boxes, a building directory, stair rail, elevator doors, display windows, stamped metal doors, doorframes and baseboards. It features floors, walls and a staircase in a variety of fine marble and terrazzo. There is also plaster, lighting and etched glass details, including a series of small decorative panels depicting the history of Arizona. The main ornamental element is the classic Art Deco "fern fiddlehead" form. From the standpoint of material and design, the lobby is commensurate with the best examples of the Art Deco style nationally.

Art Deco:
Through the prosperity of the 1920s and the Depression of the 1930s, Art Moderne, more broadly described as Art Deco, flourished and dominated art, architecture and arguably all aspects of life. It is characterized by long, thin forms, curving surfaces, and geometric patterns echoing the sleekness contemporaries identified with the machine age. The Art Deco style encompasses Cassandre posters and Donald Desky furniture, Bakelite radios and the Chrysler building, the glasswork of Tiffany and Rockefeller Center.