The building occupies the site of the
Majestic Building, which was demolished in 1962 to make way for 1001 Woodward. It was constructed between 1963 and 1965 to house headquarters for First Federal Savings and Loan of Detroit, and was known as the
First Federal Building. By January 1998, the Savings and Loan was part of
Charter One Financial and the parent company sought to sell the structure and lease a portion back. In December of that year, it was purchased by a partnership of The Carpenters Pension Trust Fund-Detroit & Vicinity and the Operating Engineers Local 324 Pension Fund for $6.5 million. As part of the sale, Charter One leased the ground floor, two office floors and the basement. The Michigan Court of Appeals occupied two floors under a lease which ended in 2001. The court relocated to
Cadillac Place with several other State of Michigan offices. In March 1999, the pension fund partnership announced a $15 million renovation of the building and a new name,
Woodward Plaza. They also planned to convert the upper floors to luxury condominiums. The pension fund partnership sold the building to Sky Development in April 1994 after spending $20 million on renovations. Sky Development also purchased an adjacent parcel behind the building to construct a parking garage. Sky Development continued the pension funds' plan to convert part of the building into 144 residential units, however this plan collapsed at the end of 2007 and ownership reverted to the pension funds. The building and adjacent parking garage were subsequently purchased by
Greektown business owner Dimitrios Papas in January 2008 and renovations were completed. In May 2010, GalaxE Solutions systems signed a lease for bringing the occupancy to 25 percent. In September 2010, GalaxE leased an additional . In March 2013,
Rock Ventures, the umbrella company of
Dan Gilbert's business including
Quicken Loans, announced its purchase of the building. Quicken Loans subsequently moved its mortgage servicing group into the top four floors. The building was listed on the
National Register of Historic Places on December 11, 2013. It was nominated under
Criterion A for its role in a 1950–1960s building boom and Criterion C for its architectural significance. ==Architecture==