Built in 1956, it was converted to a cooperative in 1984. The 14-story building has 595 units. The Coliseum was built at about the same time and has the proposed site for a very major redevelopment that has been the center of controversy for over a decade. The Metropolitan Transportation Authority was expected to name a developer for the Coliseum site in 1998 and the scaled-down guidelines for the site still call for a very major and large mixed-use development.

Erected before the completion of the Lincoln Square redevelopment just to the north that created the Lincoln Center for the Performing Arts, a new Manhattan campus for Fordham University and Lincoln Towers, a large residential enclave to the north and west of the performing arts center, this project has witnessed a very major gentrification of its neighborhood.

Half a block from Columbus Circle, the entrance to Central Park and an express subway station, the building is convenient to the many restaurants of the Lincoln Center area as well as the west midtown office district. One block to the south there is excellent crosstown bus service on 57th Street and major computer and book stores are also just a couple of blocks away.