Significance of the store and its impact on the industrial atmosphere on Charleston in the early 1900s was exhibited in the rapid growth of multiple industries that were directly supplied by Loewenstein and Sons. Everything from saddle tack and hauling supplies, to nails and pipe were located in a central part of Appalachia and ready for transport along the Kanawha River. In 1927 the company S.S. Kresge was desperate to acquire what was now prominent downtown real estate to open a department store for the greater Charleston area, and eventually proposed a 99 year lease from the Loewensteins to use the building. With that acquisition, the hardware store was moved closer to the Kanawha River and maintained its business.
From 1927-1971 S.S. Kresge operated the building as a department store and eventually sold the building to Rite Aid Corp., which operated a pharmacy on the first floor until 1985. The building was then purchased and renovated to include apartments in the upper stories by Fife Apartments LLC and the first floor store space was rented to a number of small businesses. Since 1997 the first floor retail space has operated as Ellen's Homemade Ice Cream. Ellen's Homemade Ice Cream opened in 1997. They offer around twenty different flavors of ice cream and also offer lunches for customers. The floors above Ellen's have been transformed into sought after apartment space due to the prime downtown location.