The building lacks elevators, installed electricity, running water, balcony railing, windows, and even walls in many places.

[4] On 22 July 2014, the Venezuelan government launched so-called "Operation Zamora 2014" to evict hundreds of families from the tower and relocate them into new homes in Cúa, south of Caracas, as part of its Great Housing Mission project.

[4] After relocation had proceeded in July 2014, newspaper Tal Cual reported that Chinese banks were interested in buying the tower and renovating it for its original use.

[11][13] On July 23, 2014, President Nicolás Maduro announced that the government had not yet decided what to do with the building, but was considering at least three possible options: "Some are proposing its demolition.

"[14][15] In April 2015, the head of the government of the Capital District, Ernesto Villegas, announced that the tower would be used temporarily as a center for emergency care.

Villegas indicated that members of the National Guard, Fire Department, and officials from the Directorate of Civil Protection would be installed in the building to serve the public.

On 21 August 2018, the tower was significantly damaged by an earthquake which caused the partial collapse of the top five floors, resulting in the affected portion leaning outward by 25 degrees.