The building was designed by Daniel Burnham and built in 1908–1910, consisting of a stone and terra cotta facade over a steel frame.

Oliver planned that the building both serve as a way to consolidate the management of his steel and coal operations, and as a way to leave a mark on the city's growing skyline.

Oliver's location for the structure was once the original founding home of Mellon Financial from its start in 1869 until 1871 when the bank moved across the street and down a block.

Designed by ThenDesign Architecture, the decor of the hotel will pay homage to Oliver and the Industrial Age.

Combined with a new multi-floor lease to a law firm the building is now over 90% occupied.