A notable feature of the building is the pattern of pre-cast concrete panels on the exterior of its windows.

[3] The building was purchased by Optima International, a firm based in Miami and run by Chaim Schochet, for a $77 million cash and mortgage assumption deal that closed on September 21, 2011.

[5] In August 2020, Federal prosecutors filed a lawsuit claiming that the Ukrainian owners were laundering billions of dollars over more than ten years.

[6] In November 2020, the New York–based private equity firm SomeraRoad bought the tower for $22.5 million, renamed it to "500W",[7] and began renovation plans.

In September 2022, Tennessee-based Barista Parlor announced that it planned to open a new location in the atrium of the building, but did not say when that would happen.