The building was designed by Skidmore, Owings & Merrill with steel-frame construction and clad in a contrasting grid of deeply inset black glass and white marble.
Financial reverses caused the closing of the school, in these quarters, and on November 8, 1929, the building was acquired by the Businessmen's Assurance company, which renovated and remodeled the structure and used it until the BMA Tower opened in 1963.
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