A twenty-four-story building, it stands ninety-four meters tall.

Listed on the Philadelphia Register of Historic Places on January 7, 1982, it was then also listed on the National Register of Historic Places in 1983.

Its five-story parking garage on the Chancellor Street side, part of the original construction, was considered a novelty in 1929.

It was listed on the National Register of Historic Places in 1983, and the Philadelphia Register of Historic Places on January 7, 1982.

[2] In 2013, 1616 Walnut Street was renamed "Icon" as it underwent an extensive renovation, transforming it from commercial space to an apartment building.