[2] Like other modernist office towers of its time (including the Seagram Building, built in the same year), it is set back from the street by a small pedestrian plaza, which is interrupted only by a single-story restaurant at one end.

The building was constructed at a cost of $17 million, and was first owned by Vincent Astor and the Brooks-Harvey Co. of New York City.

of Rye, New York purchased the building in late 2003, and owned it until July 2008 when it was sold to Optima International LLC for $34 million,[4][5] a Miami-based real estate investment firm led by Chaim Schochet and 2/3rd owned by the Privat Group, one of Ukraine's largest business and banking groups.

At the time of sale the building was partially vacant, with the First National Bank and Law Offices of Cleveland as the largest tenants.

The restaurant was highly popular with residents and celebrities for a number of years and was slated to be replaced by another steakhouse.

[10] Noted chef Rocco Whalen opened a restaurant called Fahrenheit in the space July 13, 2023.