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Monaco Salt Lake City
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住所
Monaco Salt Lake City, 15 West 200 South Salt Lake City, UT 84101
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電話番号
(801)595-0000
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紹介文
The Continental Bank Building is a landmark on Salt Lake City's Main Street. James E. Cosgriff constructed the building in 1924 to house his Continental Bank. The building is best known for the stern stone faces that peer down on passers-by from above its large arched windows.
Over the years the Continental Bank Building was owned by a series of financial institutions. By the early 1990s the upper floors were largely vacant and neglected. The building's owners claimed that renovating it would be prohibitively expensive and that its narrow footprint was not suitable for modem offices. Despite efforts by the Salt Lake City Redevelopment Agency to identify potential developers, eventual demolition of this landmark seemed a real threat.
Preservationists breathed a sigh of relief in the summer of 1997 when word spread that the Kimpton Group was interested in purchasing the Continental Bank Building. Kimpton Group is well-known for renovating historic buildings to house stylish, upscale hotels and restaurants. In June 1998, the company bought the bank building and seven small buildings to the south along Main Street. A zoning variance and a low-interest loan from the Salt Lake City RDA helped make the deal pencil out for Kimpton.
After a fast-track, one-year project, the Hotel Monaco Salt Lake City opened in July of 1999. The building's upper floors were completely remodeled to accommodate the new hotel rooms. Project architects, however, worked closely with State Historic Preservation Office staff to insure elements of the bank's elegant lobby were preserved. This commitment to preservation allowed the Kimpton Group to utilize the federal rehabilitation tax credit in financing the project.
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