Over the next seven years, a Bedrock-led extensive restoration project culminated in a fully revitalized residential, ROOST apartment/hotel, event venue and mixed-use space.

In 1989, Travelers Insurance, the principal mortgage-holder, took possession and sold the building to developer John Lambrecht, who had previously purchased and renovated the Cadillac Tower a few blocks east.

[8] In November 2009, Key Investment Group of Clinton Township, Michigan announced intentions to buy and renovate the building as a mixed-use development with high rise residential units, office space, and retail.

[10][11] In August 2013, Book Tower owner ANKO Enterprises of Vancouver, British Columbia, filed a tax abatement for a future renovation of the building.

[13] Following Bedrock’s acquisition, the company spent seven years and nearly $400 million on the historic renovation and restoration, transforming it into residential, ROOST apartment/hotel, an event venue, and mixed-use space including office, retail, and bars and restaurants.

Its fully restored exterior features 2,483 windows refurbished for optimal energy efficiency, as well as 29 caryatids across the building’s revitalized façade.

Today, the modernized Book Tower consists of 229 renovated residential apartments spread across 28 floors and 46 different floorplans, 117 uniquely designed ROOST apartment/hotel suites and 52,000 square feet of retail, office, bars and restaurants – including an upscale event space with a skylit ballroom.