The Griswold Building, designed by renowned Detroit architect Albert Kahn, was constructed in 1928 as a speculative office building. Walgreen Co. opened its first Detroit store inside the Griswold Building on Dec. 22, 1928. Architecturally significant, the building showcases Kahn’s adaptation of Romanesque elements to a large commercial structure. The building was added to the National Register of Historic Places in 1980, around the time it was converted into senior housing.

Located directly across from Capitol Park, the twelve-story, brown-brick structure occupies its entire lot. Due to neighboring buildings, only the west façade and part of the north elevation are visible. The design features a three-story limestone base with retail space on the lower levels, topped by a nine-story U-shaped brick tower. The central five bays are recessed, emphasizing verticality through grouped window columns.

The original twelve-light steel-framed windows—rectangular, except for arched openings on the second and 12th floors—were replaced around 1980 with sympathetic reproductions. Decorative details are restrained, limited to carved stone masks above the second story and stone plaques above the third. The interior no longer retains architecturally significant features.

Since spring 2014, the building is known as "The Albert." After extensive renovations it houses more than 120 market-rate apartments with ground-floor retail, continuing to play a key role in the revitalization of Capitol Park.