[1] It is significant for its associations with the history of community planning and development, and as an important example of modernistic design.

[2] Town Centre Village was located on a three block parcel of land that had previously been single-family homes.

It is located on the busy Harrison-Main-Brady corridor, which connected Downtown Davenport to the south with Interstate 80 to the north.

[2] The Professional Arts Building, completed in 1963 (non-extant), was located on the north side of the development at Locust and Main Streets.

After the bank discontinued its operations, the building was acquired by the Davenport Community School District for its offices and other programs.

Newbury Living of West Des Moines, Iowa then began converting the building into a mixed-use project.

[7][8] The First National Bank Building exemplifies the shift from historical revival styles and the more restricted expressions of Modernism.

Historically, the banking operations, which included a drive-up window on the south side, were located on the main level.