The hotel was to feature a complete bakery, a barber shop, a banquet hall, a business center, a large lobby and dining room.

An open house was held the week before the auction to proved potential buyers with a chance to tour the building before bidding.

On February 20, 2013, The Tower Hotel was purchased by Russian-born business owner, Youri Frankine for $100,000.

The place was left in disrepair for the next owner Core Redevelopment to remodel and bring it to its always promised but never achieved glory.

With $1.6 million restoration budget and help from City officials the new Tower of Anderson opened its doors to residents in the summer of 2019.