It was completed, as the Martin Office Building, in April, 1925, just in time to house the Birmingham City Commission and other departments after the destruction of the former Birmingham City Hall by fire. The architectural firm of Turner & McPherson had offices on the 12th floor.
The building became the headquarters of the newly-formed American Life Insurance Company, and was known as the American Life Building. Later, American Life acquired the Stonewall Insurance Company of Mobile and moved its headquarters to Birmingham in 1967. It remained the lead tenant of the renamed "Stonewall Building" until 1979, after which the offices and retail spaces were gradually vacated. The building's owner declared bankruptcy in 1983 and the property went into trusteeship.
A 2004 plan to convert the building into 48 condominiums for $4 million was never accomplished, though a project to remove asbestos from the structure was completed in 2006. The building is currently owned by brothers Leo and Ed Ticheli who in 2008 planned to convert it into 71 apartments. The schedule for redevelopment for the Stonewall Building was dependent on the housing market and would follow the completion of the Massey Building and Jackson Hotel (former home of the Jimmie Hale Mission) properties, which the Tichelis also owned. The project was expected to cost about $10 million, and stalled out during the economic downturn of 2008-09.
In 2013 another proposal, from Minneapolis, Minnesota-based Dominium, projected a $10 million renovation to provide 65-70 "artist" apartments in the building.
In 2018 Ed Ticheli renewed his redevelopment proposal for the building, planning 137 affordable apartments, ranging from $600 to $900 per month for rent. The proposal was awarded a $182,182 tax credit under Alabama's Historic Preservation Tax Credit program, with an additional $2.9 million request placed on a "wait list" for 2019. Hendon & Huckestein prepared the architectural design for the renovation, which will be carried out by Stewart Perry Construction. The apartment complex is expected to open in early 2020.
- American Life Insurance
- Birmingham City Commission
- FBI Birmingham Division
- Turner & McPherson, architects
- Edward Slater, architect
- Stonewall Insurance Company
- Birmingham Chamber of Commerce. (May 1925) "Industrial Activities." Birmingham. Vol. 1, No. 2
- Tomberlin, Michael (August 19, 2008) "Downtown Stonewall project hits economic roadblock." The Birmingham News
- Tomberlin, Michael (February 13, 2011) "Downtown dreams: Renovation slow for prominent buildings." The Birmingham News
- Buchanan, Charles (2012) Fading Ads of Birmingham. Charleston, South Carolina: The History Press ISBN 9781609494834
- Poe, Ryan (January 30, 2013) "Apartment developer plans $10M revamp of Stonewall Building." Birmingham Business Journal
- Edgemon, Erin (March 9, 2018) "Affordable apartments set for vacant downtown Birmingham high-rise." The Birmingham News
- Godwin, Brent (July 9, 2018) "Work to begin soon on major downtown tower redevelopment." Birmingham Business Journal