The structure was the work of Cleveland architect Levi Scofield, who was also responsible for the Soldiers' and Sailors' Monument on Public Square.

[4] About February 1968, a group of local investors that included attorney Eugene Selker, contractor Philip Nishin, and Broadway Wrecking Co. owner Gerald Garson purchased the Schofield Building from the Calabrese family.

[6] Except for six recessed lion heads on the fourth and fifth floors, all the terra cotta and sandstone belt courses, pilaster capitals, scroll work, festoons, and other decorative elements were chiseled off or removed.

A slight overhang of bronzed aluminum was also added to divert water away from store signs on the first floor,[7] and a marquee extended 9 feet (2.7 m) out over the sidewalk at the main entrance.

[6] All 484 cast iron upright radiators were removed and replaced with a new heating and cooling system installed just inside and the windows.

[5] Throughout the building, ceilings were lowered, new lighting fixtures were installed, floors were retiled, and interior walls updated to a more modern look.