The Tower at 500 Throckmorton Street is a building with a dramatic past, stubbornly surviving to adapt itself to the future. Once known as the Bank One Building, yes, that Bank One Building, was at ground zero of the horrific March 28, 2000 tornado, which left half a billion dollars worth of damage to Fort Worth’s downtown in its wake. Work to reconstruct the building began in 2001, but extensive asbestos abatement and other unforeseen costs halted the effort. For several years, it stood, an urban oddity, half clad in plywood and metal, its very existence uncertain.
In 2003, realizing the potential payoff of a prize location in the heart of a lively downtown, TLC Realty announced plans for an urban, mixed-use revamp of the storm-orphaned edifice. Work was completed in 2005. The six-sided structure is now enveloped by a square proscenium of stone, which anchors it to the city block it occupies. The 1974 conception of Atlanta architect John Portman has stood the test of time and looks 21st century, fresh as paint.
The project has been so successful that units in the building hit the market rather infrequently. So when one of the four, two-story, penthouse units is offered for sale (it’s been on the market for less than one week) the real estate community takes notice.