The oval-shaped tower, designed by architect and co-developer John Graham & Company, would have had glass and light-colored stone cladding.

[16] Prescott later became the first Seattle developer to court a Japanese firm for financing when it partnered with the Hazama Corporation and later the C. Itoh & Co.[17][18] Demolition of the site's buildings, which had sat vacant for years, began in August.

[20] An ironworker died from a fall at the Pacific First Centre construction site on August 22, 1988; the Washington State Department of Labor and Industries fined subcontractor The Erection Company $24,500 for safety violations as a result.

[23] The Pacific First Centre included a three-story public lobby, shopping center with upscale retailers, and two-screen movie theater;[24] the 23rd floor had a Montessori school and daycare, among the first in Seattle for a downtown office building.

[25][26] FAO Schwarz opened a toy store at the Pacific First Centre in 1995 and installed a 5,000-pound (2,300 kg) teddy bear statue outside the building at the corner of Pike Street and 6th Avenue.

[28] Pacific First was acquired by Washington Mutual in 1993 and planned to vacate the tower; U.S. Bank announced an eight-story lease and naming rights deal that was finalized that year.

[35] The Pacific First Centre was designed by Gerry Gerron of Callison Architecture, who intended its lobby and retail areas to comprise an "indoor street" and a third place for the public.

[37] The public shopping area in the building's lower levels has a permanent collection of works by noted artists, funded by 1% set-aside of the construction costs.