In 1918, the Waterman Pen Company began leasing the property and initially announced plans to renovate the existing building and replace its facade, at an estimated cost of $100,000. However, Waterman instead built an entirely new building, at a cost of $225,000. Waterman moved into the building on May 10, 1920. In 1923, the
White Star Line began leasing the building's second floor for $10,000 a year. On October 20, 1938, Three Sisters, a woman's apparel shop, opened its fifth Chicago-area store in the Waterman Building. On February 21, 1952, Mary Jane Shoes opened its store in the building. In the 1960s, the building was home to Stanley Green's, a
kosher cafeteria and buffet. The cafeteria was located on the ground floor, while the lower floor featured the dining room and cocktail lounge. In 2018, the building was sold and
Sonder Corp. intended to renovate it and open a 41 room hotel in the top four stories, with retail on the first two floors. However, this plan did not come to fruition, and the building has been again listed for sale. ==References==