The Minneapolis Federal Reserve decided to build a new complex a few blocks away rather than renovate the structure, and it passed to private hands.

The building was remodeled in 2002 for about US$65 million, a process which included adding office space to the east side and into the aboveground gap, while also converting a concrete plaza into a grassy park.

[1] The building is credited with influencing the decision to add an observation bridge with a catenary arch above the dramatic opening in Saudi Arabia's Kingdom Centre.

Marquette Plaza re-established its status in 2011 as it became the first downtown Minneapolis building to earn LEED Platinum certification.

Marquette Plaza made its mark as the first large multi-tenant building in Minnesota to receive Platinum certification, due to a series of efforts and implementations set forth by property manager Base Management and 23 building tenants, which include: The Scoular Company, Federal Government agencies, Foley & Mansfield, Meet Minneapolis and CenturyLink.