- The building was completed in 1925 to house all of the city's top jewelry manufacturers in one location.
- The lower floors (including the basement) were designed for general retail usaged, while floors 5 through 10 housed goldsmiths, silver workers, and diamond cutters. This part of the building was known as the Jewelers Court. Floors 11 and 12 houses advertising, insurance and real estate agents. The remaining floors were a mechanical penthouse tower.
- The building was abandoned when it was foreclosed on by the city in November 1978. Furthermore, because the building was used for the manufacturing of jewelry, the building contained various toxic chemicals - most notably radium 266 - which required an extensive remdiation plan thus hampering the renovation of the buildings for years.
- The $33 million redevelopment of the building into a hotel was announced in August 2016 by the Roxbury Group and the Means Group, both local developers. Work began a year later, and the building was first opened to the public in December 2018 and the hotel in January 2019.
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