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The Renaissance Revival Grant Building was one of three edifices remaining following the Great Earthquake of 04/18/1906. These included the US Mint and the US Post Office, federal government buildings that were, at this time, stoutly constructed to remain durable. Investor Scott Seligman bought the Grant Building in 1999-2000, during a time of prosperity generated from Internet speculation; he raised rents by 400%, causing rancor among tenants. To avoid eviction, they organized and managed to negotiate rents down to more reasonable levels. An Australian investment group, 1095 Market Street Holdings, LLC, purchased the Grant Building from Seligman Western Enterprises in 2008, with plans to renovate it into a 94-room hostel, with a 7,500-square-foot rooftop bar, a 2,500-square-foot first floor cafe and a 3,500-square-foot night club. The San Francisco Planning Commission approved these $16 million renovation plans in 10/2010. The project was to be geared to young travelers without much money or cars. The developers were careful to pick a site near to public transportation stops.

The Grant Building was a component of the 20-building Market Street Theatre and Loft District of the National Register of Historic Places.

The Grant Building had renovations following the 1906 Earthquake. It lost its pronounced cornice at some point.