The building, initially known as the Mallinckrodt Building, was originally built as a dry-goods store and warehouse and part of the vibrant downtown retail market. The building was a significant contributor to the Washington Avenue Garment District in its heyday.

Over the years it has been used by many banks throughout its history. Most notably it housed the Bank of St. Louis up until 1951 at which time it remained vacant until the mid-90s when developers purchased it and converted to lofts.

The property is on the same block as T-Rex, the incubator center for entrepreneurs. Most recently, the NGA announced their collaboration with T-Rex to form the NGA-T-Rex entreprenuerial initiative for geospatial technology startups.

The NGA West headquarters is currently under construction 1.3 miles north and west of downtown. Residents of Bankers enjoy easily walking to Schnuck's, Over/Under, Mizu, Sen Thai, Bella's Frozen Yogurt and many more restaurants along Washington Avenue.

Bankers Lofts is a 64-unit mid-rise loft building with natural timber posts, wooden ceilings, polished concrete floors and huge windows. Cast iron waste lines assist in sound control and pressurized corridors bring fresh air into the building. This is true rustic industrial-style loft living.