This Beaux Arts building was inspired by the Pantheon in Rome, and was conceived by architect Frank Furness.

The adjacent One Meridian Plaza (built 1972, damaged by a major fire 1991, demolished 1999) was connected to this building.

Shortly after One Meridian Plaza's demolition, the building was converted in 2000 into a 330-room Ritz-Carlton hotel.

James Garrison and Dr. George C. Skarmeas were responsible for the building's conversion.

The Residences at the Ritz Carlton, which were built in 2009, stand on the former site of One Meridian Plaza.