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The Seattle Daily Times reported on 12/03/1915 that the recently deceased Nicholas C. Healy (d. 09/1914), a Puget Sound lumberman and business partner of C.H. Cobb in the Cobb-Healy Investment Company, directed in his will that money from his estate be earmarked for the completion of the Healy Building. Cobb served as an executor of the estate. The article stated: "Standing out among the directions of his will is a request that approximately $130,000 become available as soon as possible for carrying the Healy Building, on Third Avenue between Union and Pike Streets, up from its present three stories to its originally designed height of eleven stories. The will directs the executors to dispose of the Cobb-Healy Investment Company stock as soon as possible and apply the proceeds to carrying the three-story Healy Building on Third Avenue up to eleven stories."

Contractors Grant, Smith and Company had a contract for $150,000 to erect a 3-story brick building on 3rd Avenue between Pike Street and Union Street.

PCAD id: 9544