It was supposed to feature a Shangri-La Hotel and condos but as a result of the financial crisis that began in 2007 and the downturn in the residential real estate market, the building's construction was put on indefinite hold in 2009 and the hotel idea was later abandoned.

In March 2012, Aby Rosen and Michael Fuchs of RFR Holding regained control of the site and announced their intentions to carry on with the project.

The building also has a 24-hour doorman, keyed elevator access, and a library and resident lounge.

[14] In May 2019, The Bastion Collection and chef Alain Verzeroli opened Le Jardinier, a contemporary French restaurant, on the first floor.

[15][16] The next month, they opened Shun, a Japanese-French restaurant one floor above Le Jardinier.