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The Woolworth Department Store chain took over the Flood Building's first, second and basement levels in 1945. Woolworth experienced good sales at the location and offered, six years later, to buy the building. Woolworth wanted to raze the Flood Building and erect a new, three-story, retail space designed specifically for its needs. The coming of the Korean War ended this plan, as the Federal Government took over much of the building for its Price Stabilization and Civil Defense offices between 1951-1953. Between 1945-1992, Woolworth operated its largest US outlet in the Flood Building, but this changed after 1992, when the store became smaller due to significant financial losses for the parent company. (Woolworth halved its number of US outlets in 1993 by 400, and closed completely by 1997. It left the Flood Building in diminished form in 1996.)

The facade of this Woolworth outlet was redone by an architect within the company's construction department, c. 1954. Swinteron and Walberg Company served as the building contractor.

PCAD id: 18566