[1] Formerly, for a time named the Stone Container Building,[2] it is located near the Loop in Chicago, and is one of four historic 1920s skyscrapers that surround the Michigan Avenue Bridge over the Chicago River (the others are the Wrigley Building, Tribune Tower and 333 North Michigan Avenue) and is a contributing property to the Michigan–Wacker Historic District.

[1] The top of the building is noted to resemble the Choragic Monument of Lysicrates in Athens, but it was modeled after the Stockholm Stadshus.

It was one of the foremost jazz clubs in the country, once home to performers including Oscar Peterson, Ramsey Lewis, Bill Evans, Dave Brubeck, Marian McPartland, Cannonball Adderley, Erroll Garner, Ahmad Jamal, Nancy Wilson, Barbara Carroll, Bobby Short and many others.

[9] In the 1980s and 1990s TV show Perfect Strangers, the building's exterior was used as the home of the fictional newspaper Chicago Chronicle.

Crain Communications and other office tenants occupied the tower until Oxford Capital paid $53 million for the property.