An example of the German Rundbogenstil style of architecture, the building was designed by Albert Wagner, and was constructed in two parts. The north section was built in 1885–86, and the south addition in 1892–93. The front of the building – on Lafayette Street – was relocated in 1899 when the street – then called Elm Place – was widened, this was supervised by Herman Wagner. The building was rehabilitated in 1983–84 and further renovated in 1995 by Beyer Blinder Belle. The building sports two gilded statues by sculptor Henry Baerer of Shakespeare's character Puck, from "A Midsummer Night's Dream", one on the northeast corner at Houston and Mulberry, and one over the main entrance on Lafayette.