The Ogden was announced in 2004 as the Streamline Tower condominium project, to be built on the former 1-acre (0.40 ha) property of the Golden Inn motel, which was demolished at the end of the year.

The project was financed by Corus Bank, and was developed by a half-dozen investors, including Las Vegas Stars baseball player Dusty Allen.

After its opening, Streamline Tower suffered poor sales as the result of a weak local and national economy.

[3][4] The project was being planned by a group of investors led by Patrick McCourt of Barclays North, and Dusty Allen, a former baseball player for the Las Vegas Stars.

[7] Las Vegas Mayor Oscar Goodman attended a publicity event held on the property, which included him kicking off the demolition of the motel with the swing of a sledgehammer.

[12] A nearby sales office at 425 Fremont Street opened on August 12, 2005, at which point Martin-Harris had begun work on the property for the tower.

[10] To increase sales, a promotion was held later that summer in which five buyers received free BMW convertible vehicles, worth $37,000 each.

Because of the poor local and national economy, only 156 of its units – 57 percent – had been sold, which was the lowest percentage of sales among five major condominium projects in the downtown area.

Streamline denied wrongdoing, stating that the claims "are completely refuted by the clear and unambiguous terms" of the purchase agreements.

[5] Streamline Tower LLC and other companies related to the project filed for bankruptcy protection in April 2009, halting any further action in the lawsuit.

[5] After the failure of Corus Bank in September 2009,[20] ST Residential, a division of Starwood Hotel Group, acquired the Streamline Tower out of Chapter 11 bankruptcy later that year.

The rental concept was to continue for two years, and the company would then evaluate its success and whether to end leasing and sell the units as condominiums.

[25] Private equity firm DK Las Vegas, a partnership of California's KRE Capital and New York's Dune Real Estate Partners,[21] purchased 248 units in the building in December 2013.

Up to that point, $1.5 million had already been spent, including a $100,000 lobby renovation, a $100,000 improvement of the building's rooftop sky deck, and a $36,500 revamping of the entrance to add new lighting.