Developed in 1991 by South Figueroa Plaza Associates as Citicorp Plaza,[6] the building spans approximately 1,025,000 sq ft (95,200 m2) and has a three-story Italian marble lobby. The exterior is clad with sculpted white metal and glass. The tower is adjacent to the FIGat7th shopping center, which opened in 1986 as "Seventh Market Place" and had two department stores: Bullock's and May Co. It was purchased from Maguire Properties by owner Brookfield Properties.[7][8][9]
The building's owner, Brookfield, defaulted on 777 Tower and the Gas Company Tower, also in Los Angeles, in 2023.[10]
A shot of the tower under construction can be seen looking from 12th street in the 1989 comedy Police Academy 6: City Under Siege. It also plays a role in the finale to the 2001 film Swordfish, where a Skyhook helicopter deposits a bus full of hostages on the helipad.