Original plans for the project called for twin towers, with the second tower rotated 90 degrees from the original, to be built across the garden on an adjacent lot, but with the collapse of the Texas oil, banking and real estate industry and the savings and loan scandal of the 1980s, the project was never completed.

[1] The building was named for the array of 172 dancing fountains in the plaza at its base with a fully automated water show as the centerpiece.

WET collaborated with the firm of I. M. Pei as well as landscape architects Dan Kiley and Peter Ker Walker to create the waterscape of Fountain Place (at Allied Bank Tower) in Dallas, Texas.

The project showed the first use of WET's patented open-jointed paving in a fountain where shots of water appear from the openings in the plaza's surface.

The sibling tower, AMLI Fountain Place, consists of 367 residential units above nine stories of parking.

The post-completion addition of an antenna spire to the Renaissance Tower relegated Fountain Place to its current spot at fifth on the list.

On September 24, 2009, the FBI arrested 19-year-old Hosam Maher Husein Smadi of Jordan for an alleged attempt to bomb the skyscraper.

In 2020, Omnichannel Insurtech company Integrity Marketing Group renovated and moved into 12 floors becoming the building’s largest tenant.