The building was originally an unfinished 10-storey structure which was bought and developed by the Philippine Long Distance Telephone Company for their corporate headquarters. Completed in 2009, the new 34-storey tower was known as the PLDT Tower, and is designed by Pimentel Rodriguez Simbulan & Partners. It was eventually renamed to "Smart Tower" following the transfer of Smart Communications, one of their subsidiaries, to the site, becoming their headquarters.
