Headquarters of the American Telephone and Telegraph Company, the mighty AT & T, and erected on the site of the early highrise headquarters of the Western Union Building (1874), 195 Broadway is an important address in the history of business communication. The monumental scale of the current landmark dates from a second building campaign in 1924 that completed the imposing mass. The building was constructed in two phases. In the first, it had narrow frontages on both Broadway and Fulton Street, as AT&T did not have title to the corner. The tower was expanded out to the corner when the company was able to acquire that property. The western end of the Fulton Street façade is capped by a small stepped pyramid, formerly the plinth for Evelyn Beatrice Longman's figure in bronze, the Spirit of Communications.

The sculpture was spirited away by AT&T when it moved from 195 Broadway in the early 1980's first to midtown and subsequently to a new corporate campus in New Jersey. The building's lobby has an air of temple-like solemnity to it. Five rows of monumental Doric columns dwarf visitors. Distinctive chandeliers in a Greco-Roman style illuminate the space. At the center of the lobby is a poignant bronze monument to the soldiers of the First World War sculpted by Chester Beach.