Known as the Union Arcade, it featured 240 shops and galleries. The mansard roof is adorned with terra cotta dormers and two chapel-like mechanical towers. The interior is arranged about a central rotunda, capped by a stained glass dome. The building is listed on the National Register of Historic Places.
The Union Trust Company purchased the structure in 1923, renaming it from the Union Arcade to the Union Trust Building, as well as remodeling the first four floors.
Many people believe that the building's unique roof is the result of a restrictive covenant placed on the land by its previous owner, the Diocese of Pittsburgh. One story is that the bishop at the time (Rev. Richard Phelan) placed a restrictive covenant on the land when Frick purchased it so that, although it would now have commercial purposes, residents would always remember the cathedral that once stood there. Another story suggests that there is a requirement that a place of worship must be maintained perpetually on the site, and thus there is supposedly a chapel in one of the towers to comply. This is all urban legend – there was no restrictive covenant or other restriction in the original 1901 deed transferring ownership from religious to secular use.[6]
In 2008, it was purchased by California investors Michael Kamen and Gerson Fox; by August 2012 the building was the subject of bankruptcy proceedings to avoid a sheriff's sale.[8]
In 2014 the property was sold at a foreclosure auction for $14 million to its current owner, an affiliate of Boston-based The Davis Companies. The Davis Companies' affiliate outbid lender SA Challenger.[9] Extensive restorations were completed in 2016 at a cost of $100 million, including cleaning the exterior stone and lighting the facade at night; extensively repairing and restoring the mansard roof using the original terra-cotta molds; restoring the bronze storefronts; and relighting the stained-glass dome atop the 150-ft-high rotunda, and with two first-floor restaurants opening and restoration of the tenth-floor theater yet to be completed.[10][11]
^ abVan Trump, James D. (1966), Legend in Modern Gothic: The Union Trust Building, Pittsburgh, The Stones of Pittsburgh, Pittsburgh History & Landmarks Foundation