It stands at 15 stories and was once occupied by shops, offices, and the facilities of jewelry manufacturers and wholesalers leading it to also be known as the "Jeweler's Building".

In March 2010, the Downtown Development Authority voted to install safety scaffolding and netting on the building to prevent parts of the facade from falling.

[3] In September 2013, the city requested bids for removal of asbestos and other hazardous materials from the building to determine if it should be demolished or restored.

Earlier, Bruce Schwartz of Bedrock Real Estate Services, one of Rock Ventures subsidiaries, said that part of the building could be demolished to construct a public space, lofts and offices.

[3][4] In March 2015, the Downtown Development Authority approved a $23.2 million renovation plan to create 71 apartments along with commercial and retail space on the bottom two floors.