It stands at 15 stories and was once occupied by shops, offices, and the facilities of jewelry manufacturers and wholesalers leading it to also be known as the "Jeweler's Building". The manufacture of luminous watch dials in the building left behind several toxic substances that have thwarted redevelopment plans.
The building, standing 15 stories high, was once a commercial hub for jewelers and wholesalers, leading to its nickname "Jeweler's Building".  However, the production of luminous watch dials in the building has resulted in toxic residues that have made redevelopment challenging.