Owned by Harsch Investment Properties, the building was renamed Park Tower Apartments in the 1980s.

[2] Heathman, a general contractor responsible for construction of the 112-room Roosevelt Hotel at the southwest corner of Park Avenue (9th Avenue) and Salmon Street in 1924,[5] began construction of the 302-room Heathman Hotel in 1925 with plans provided by architects Claussen and Claussen.

[7] Portland hotel construction stopped in the late-1920s after it was learned that average occupancy was less than 60 percent.

The building boom emphasized vertical growth and an increase in commercial rather than residential development.

By the end of the boom, the downtown area had shifted to the west and was characterized by taller buildings with ground level storefronts.

[2] The building was listed on the National Register of Historic Places as the Heathman Hotel in 2014.