Explaining why he chose to destroy the iconic structure, Byrne said, "The FF's HQ building had long been established as 35 stories in height.

Originally designed as a high-rise industrial site to accommodate pulp recycling machinery to serve the mid-Manhattan area, each floor height is 24 feet (7.3 m).

Reed Richards has applied for many land-use zone variations to allow massive reconstruction of the top five floors for the installation of a heavily silenced silo, with a muffled rocket.

A running gag for years in the title was that the landlord, Walter Collins, was initially eager to rent out to a superhero team for the publicity and prestige, but he soon regretted his decision, as the building became a constant target for numerous attacks by supervillains starting with Fantastic Four #6 in which Doctor Doom launched the entire building into outer space.

Eventually, Reed Richards decided to invoke a clause of the rental agreement and bought the entire building to avoid eviction.

[10] Eventually, the building was destroyed by Doctor Doom's adopted son Kristoff Vernard, who shot it into space and exploded it in a bid to murder the Fantastic Four.

[12] After the Fantastic Four and other costumed heroes were presumed dead in the wake of their battle with Onslaught,[13] Four Freedoms Plaza was stripped clean of all the FF's equipment by Vernard and Reed Richards' father Nathaniel, who sent it into the Negative Zone to keep it out of the hands of the United States military.

[14] Upon their return, the Fantastic Four could not move back into Four Freedoms Plaza, as it had been destroyed by the Thunderbolts,[15] shortly after the revelation that they were actually the Avengers' longtime foes, the Masters of Evil.

[volume & issue needed] As a result, the deserted Baxter Building was up for auction, until it was purchased to serve as the temporary headquarters of Parker Industries, much to the initial dismay of the Human Torch.

Witnessing a large sculpture of the FF in the entrance hall that was created by Alicia Masters, the Torch reflects that he is glad that the building is staying with family.

This version serves as a base and clone production facility overseen by Jennix of the Inheritors, who also employs the Human Torch as head of security before Ben Reilly destroys the building.