Built in 1907, the 12-story building for years was home to some of the citys most prominent (some notorious) jewel brokers. The building was owned by Western Management, which for more than a decade had been trying to carve a foothold into the district. That ended in 2012, however, when Western the 12-story building went into default and was awarded receivership to the husband of one of Mayor Michael Bloombergs aides.