The building was designed by Frederick William Cumberland and Thomas Ridout in the Greek Revival style.

[1] It was then used by the Bank of Canada until 1959, when it became the head office of E. P. Taylor's Argus Corporation, which was subsequently controlled by Conrad Black.

[1] It was here that Conrad Black was taped removing boxes of documents from the office.

The building was sold to Morgan Meighen & Associates, an independent Canadian investment manager, in 2006 for CA$14 million.

[2] The building was up for auction and they were one of 70 bidders for the 12,000 square foot property in downtown Toronto.