The building was started in 1929 and was occupied by the Royal Bank in 1931. From 1931 to 1973, this office was the Main Branch of The Royal Bank's British Columbia District. In 1973, the Regional Headquarters and Main Branch of the bank were transferred to the Royal Centre development at the corner of Georgia and Burrard Streets.
	The building is constructed of Nelson Island granite at its base. The remainder of the tower has Hardington Island stone on three facades, and common brick on the east façade. The reason for brick versus stone is the building was to be twinned, but the depression of the 1930's halted this. The stone was in excellent condition, requiring only minor repairs, however water ingression was a major problem. It was decided that all of the stone in the eighteen-storey structure would be cut out and repointed on a four-year phased work schedule. The Royal Bank is still a tenant in the building.