It holds sculptures and exhibitions, as well as concerts and artistic presentations and workshops of diverse types.

in September/October 2006 it held the wildly successful onedotzero festival attracting over 20,000 people in 3 days for installations, live performances, screenings and music.

With the arrival of the May Revolution and the declaration of independence during the first part of the 19th century, the building changed purposes.

Torcuato de Alvear, first mayor of Buenos Aires, beautified Recoleta as well as the cultural centre; Juan Antonio Buschiazzo gave it an Italian style and created the chapel currently used as an auditorium.

The second important renovation took place around 1980 by Clorindo Testa, Jacques Bedel and Luis Benedit, when the building was planned as a cultural centre.