The renovation on the 1931 Professional Building, former home of Valley National Bank in Downtown Phoenix must be moving along at breakneck speed as the Hotel Manager, Todd Iacono told Arizona Republic reporter Jahna Berry that the Hotel would be open in October.

A $100 million renovation will restore the vintage lobby and will create 150 hotel rooms in the former office tower, Iacono said. A local celebrity chef is crafting the menu for a hotel restaurant, a 1930s-themed diner and a pastry shop that will go on the first floor.

This week, construction crews were cutting into the basement bank vault, which will become a wine bar. A nightclub is going on the roof, Iacono said.

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