Sherman & Howard Advises David Wright House in Sale

Sherman & Howard Real Estate lawyer, Joe Chandler, represented David Wright House LLC in the sale of the David and Gladys Wright House, designed by Frank Lloyd Wright, and located in the Arcadia enclave of Phoenix, Arizona.  The 1950s Frank Lloyd Wright spiral-designed cement block residence was a precursor to Wright’s design for the Guggenheim in New York City.  The original house and guest house that sits on approximately 6 acres was sold for $7.25M to businessman Jim Benson, the former President and CEO of John Hancock Life Insurance Company.  Mr. Benson, who sits on the board of the School of Architecture of Taliesin, intends to work with Taliesin West-trained architects Bing Hu and Wenchin Shi to restore the original residence and guest house.  Prior to this sale, David Wright House LLC worked with Mr. Chandler to save the original house and guest house from being raised by a prior owner and to assemble the surrounding acreage.