The first mention of the Host Tower of the Arcane in Luskan is in an oral tradition called the Mirar Saga, which narrates the arrival of teh first Northlander pirates to settle in the Sword Coast region. These tales are first collected and recorded by Malcer Truequill, a loremaster of Waterdeep.
According to this chronicle, a band of Northlander explorers arrives at the mouth of the Mirar just ahead of a fearsome storm, seeking shelter along the riverbank. Instead they found what appeared to be a gigantic tree made entirely of stone, its bare "branches" rising hundreds of feet into the air above an island in the midst of the river's current. The eldritch sight struck fear into the hearts of the raiders, but the storm was closing in fast and they had no better shelter available. With heavy hearts and weapons in hands, the Northlanders entered the "stone tree" to escape the murderous winds and freezing sleet. The saga does not tell what fate overcame the half of the raiding party that failed to emerge from the tower, only that the survivors fled that terrible place even as the storm was at its height, preferring to take their chances with the raging elements rather than face whatever lurked within that grim stone spire. »