This is a one-story building that has been substantially altered over time. Its current facade is the result of a c.1955 remodel, which included a "modernization" with maroon-colored Carrara glass, glass block transoms, recessed entries and large expanses of fixed, metal display windows. There are retractable canvas awnings attached to the building over the windows. The parapet wall is a smooth surface to the top of the building with no cornice or visible coping. The south elevation was stuccoed after the building next door was demolished. A mural has been painted on this south wall.

Statement of Significance: The Caufield family owned several lots on this block, on which they constructed their home and a number of commercial buildings. The information presented in the 1983 survey was confusing and possibly inaccurate about this building and its neighbors to the north. Robert Caufield, an Oregon City pioneer of 1843, built a store on the corner of Main and 8th in c.1850 and a family house on the south half of the lot. The store was a two-story, classically detailed building. Sometime in the late 1880s, the house was moved closer to the river and a new building was erected in its place. This building was a two-story Italianate structure at 719 Main. The 1892 Sanborn maps show a separate, one-story structure located at 721 Main between this new building and the 1850s store. According to the 1983 survey, a fire in the mid-1930s (date unverified) damaged the second floor of the building at 719, as well as the one at 723 Main. After removal of the second floor of this building, the Caufields reportedly divided the one-story building that sat between the two larger buildings, adding additional footage to each of the historic buildings. The survey goes on to report that both buildings were stuccoed at this time and indicates that the building at 723 is the remnant of the 1850s building. This information is inaccurate, as that building was demolished in 1936 and an entire new building constructed in its place {see survey form for 723 Main}. Hence, it is not clear what happened to the small one-story building at 721; a portion of it may have been added to the remains of the two-story structure at 719, but this was not verified. The Carrara glass facade was the result of a 1950s alteration, perhaps in c.1955 when a camera shop moved into the building. The 1983 survey indicates that at that time, a six-foot concrete addition was built on the front of the building (unverified). The building was the home of the Gardner Jewelry store (at 719 Main) from shortly after the turn of the century to 1981, first for George Gardner and later his son, Wilmer. Small variety shops occupied the space at 721. The building is currently considered ineligible as a contributing resource in a historic district because none of its historic appearance is intact. However, should a district be nominated in 2005 or later, the building would be eligible as a contributing resource as an excellent example of the "modern" Carrara glass facade.