The 392 members of the Rhode Island Medical Society in 1909 noted that the library they used no longer proved sufficient for their needs. Though the members paid only $5 annually in fees, the arrived at plans for a brick structure that would require the raising of roughly $100,000. Thus, the society asked members to add an extra financial contribution to their small annual fee. (However, the price ultimately remained below $40,000.)
In 1910, the medical society building committee purchased 8,000 square feet of land in the center of the city. One year later, architects, Messrs. Clarke, Howe & Homer proposed designs for the building and the committee awarded a contract to the William Williams.
In total, the final cost of construction totaled a little more $50,000. Though donations only amounted to $36,000 at the time of the building's completion, a $10,000 mortgage and a few other late contributions helped fund the building. The society held its centennial celebration in the new building on June 12 and 13, 1912. More than 400 people attended, including prominent state and city officials, Brown University officers, and other notable leaders.
From 2008 to 2012, renovations to the building took place, which included the concurrent effort of preserving its history while also adding green technology; it is now a LEEDS certified structure and the first geothermally heated and cooled corporate structure in Providence.
In 2012, the society moved into a new building and Moran Shipping Agencies moved into the building, turning it into its corporate headquarters.