Cloak Tower
The tower took its name from its original owners, the wizard order named the Many-Starred Cloak.
The wizards disappeared alongside their tower during the Spellplague of 1385 DR, when the tower was sent to the Far Realm. When the Cloak Tower returned to Neverwinter, six months later, there was no trace of the wizards, as only their colorful cloaks remained.
Some time after, a group of thieves tried to plunder the tower, but all of them except for one were killed by the cloaks. The Neverwintans avoided the place afterwards.