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Old Posted Feb 3, 2021, 4:56 PM
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Prestige Worldwide Prestige Worldwide is offline
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Join Date: May 2013
Location: Coronado (Phoenix)
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Quote:
Originally Posted by PHXFireBirds View Post
Has anyone heard about Wells Fargo leaving the Wells Fargo Plaza building? I heard they didn't renew their lease.
I thought Wells Fargo owned the building, at least property records show them as the owners of the underlying ground (they also control the parking garage across from Crescent Ballroom). My understanding is that their ownership interest in the building and parking is what keeps them grounded to the Downtown location, but yes it would not be surprising to see them leave. Chase leaving for their suburban campus is an indicator that Wells might be plotting the same move and selling their Downtown real estate holdings.

That building is a old dog and will suffer from the same uncertain future as the Chase Tower. Probably repurposed for residential eventually.
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