 It is, however, still considered a distinctive and more exclusive.shopping district with surrounding boutiques, starred restaurants and enjoys the patronage of nearby California Institute of Technology and next door San Marino,

On July 12, 1996, the building was listed in the National Register of Historic Places as No.96000776.In May 2000, the city of Pasadena's Design Review Board granted approval for a redevelopment of the building as part of a new shopping area called "The Shops on Lake Avenue," a $33 million project, featuring specialty shops, of new restaurants and a new 300-space-parking garage, increasing parking capacity to nearly 1,200 spaces.