The construction of the building resulted from the intercession of the Duke of Bedford’s steward Robert Palmer, who together with Duchess Gertrude planned and realized the construction of Bedford Square and Gower Street.
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On 27 April 1861 he married the distinguished painter, Ann Mary, daughter of Joseph Severn, himself a painter and the friend of Keats, who had succeeded Newton in Rome; she died in 1866 at their residence, 74 Gower Street, Bloomsbury.
ExxonMobil Canada has its headquarters in the Cabot Building on New Gower Street, as well Chevron, Statoil and Suncor Energy along with other oil and gas companies have major operations downtown.