Historic Tucson Bank Reopened as Event Venue

The former Consolidated National Bank building now operates as Treasury 1929 following recent renovations.

Updated on Sept. 29, 2026 in Openings & Closings

Historic Tucson Bank Reopened as Event Venue

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Tucson's 10-story, Corinthian-style landmark officially reopened as the Treasury 1929 event venue in February 2025. The historic site, located at Stone Avenue and Congress Street, now serves as a dedicated wedding and event space.

Why it matters

The transformation preserves a historic structure that faced uncertainty after J.P. Morgan Chase declined to renew its lease in 2023. This adaptive reuse project ensures the longevity of the site, which was listed on the National Register of Historic Places in 2003.

The building stands at 10 stories tall and was originally constructed in 1929. The site notably features one-inch-thick Portuguese marble elements throughout its interior.

The players

Treasury 1929

This is the name of the new event venue housed within the former Consolidated National Bank building.

Emerald 1929

This is a speakeasy bar located in the subterranean vault of the historic bank building.

J.P. Morgan Chase

This is a global financial services firm that previously held the lease for the bank property before exiting in 2023.

The details

The owner converted the former bank space into an event kitchen and wedding venue while opening a subterranean speakeasy called Emerald 1929 in the old vault. Management tested high-volume music and bass levels to ensure the new operations maintain resident privacy in the area.

The building originally opened as a bank in 1929.
J.P. Morgan Chase declined to renew its property lease in 2023.
Renovations on the building began in August 2024.
The venue officially opened to the public in February 2025.
An opera series is scheduled to begin at the end of September 2026.

Market Landscape

This project reflects a broader trend of repurposing historic financial districts into mixed-use entertainment hubs. By converting vacant bank architecture, developers are positioning these unique structures to compete against modern, purpose-built event centers.

Local residents and couples can now utilize the venue for weddings and events within a restored historic landmark. The speakeasy provides an additional nightlife option, though management claims to have mitigated noise concerns for nearby neighbors.

The takeaway

Preserving historic architecture through adaptive reuse can revitalize aging urban cores while maintaining cultural heritage. Residents should look for scheduled cultural programming, such as upcoming opera performances, to take advantage of the new public access.