The office tower was acquired by CP Group in 2021 in a joint venture with Rialto Capital Management.

When built in 1972, it ended the Dade County Courthouse's 44-year reign as the tallest building in Miami.

The building, although relatively short compared to many of the newer skyscrapers in Miami, remains a symbol of the city.

It appears often on most postcards of the skyline and remains a signature building of Miami, due to its being a symbol of prosperity for the Cuban exile community.

For just this reason, it appears in a July 1973 article of National Geographic titled, "Cuba's Exiles Bring New Life to Miami."