This handsome, 269 foot Art Deco tower was designed as the headquarters for Price Brothers Limited, a Canadian lumber company. The cornerstone for this first (and only) high-rise within the Historic District of Québec City was laid on October 29, 1929. This was Black Tuesday, the day of the stock market crash and the start of the Great Depression. Timing is everything. Within a year, the family company was near bankruptcy and forced to sell. Since then, Édifice Price has had several commercial tenants. Two floors near the top are the residence of the premier of Québec. There is now a city law in place forbidding any new construction within Vieux-Québec (Old Québec City) above 65 feet.