Built in 1946–7, it was the first modern suburban shopping center in New Mexico, and its construction marked a shift away from pedestrian-oriented development in Albuquerque in favor of decentralized, auto-oriented sprawl.

[3] Located on Central Avenue (former U.S. Route 66) at Carlisle Boulevard, the building is the focal point of the Nob Hill district.

The shopping center was developed by Robert Waggoman on what was then the eastern fringe of the city, more than two miles from the downtown commercial district.

[1] Nob Hill Business Center is a one-story, U-shaped building with an interior parking lot facing Central Avenue.

The building was designed by Louis Hesselden in a predominantly Streamline Moderne style with rounded corners, decorative towers, and white stucco walls with horizontal bands of terra cotta tile and brick.