The $137 million mixed-use complex was the first major development following the Renaissance II burst of construction in downtown Pittsburgh.

[1] In August 2013 the tower was sold by Forest City to Starwood Capital Group for $135 million.

[6][7][8] On February 18, 2014, the tower opened the newly relocated downtown post office on the lobby floor.

[9] In January 2017, CBRE Global Investors purchased the Federated Tower for an estimated $98 million.

The purchase did not include the adjacent Westin Convention Center Hotel, which was part of the 2013 by Starwood Capital Group.