 On January 13, 2017, almost 10 years since the building was vacated, owners Ronca and Herrick announced removal of asbestos from the building and annex would begin, regardless of whether the Tower was ultimately renovated for adaptive reuse or demolished.In January 2019, the owners announced their redevelopment master plan would include demolition of the Tower.Martin Tower was imploded by Controlled Demolition, Inc., on May 19, 2019, at a reported cost of $575,000.