It is a venue for architecture exhibitions, and is known for being turned into a piece of art annually, wrapped in cloth designed by notable artists including Robert Hammerstiel, Xenia Hausner, Arnulf Rainer and Mihael Milunović.

It was chosen from 6,502 suggestions, including City-Haus, Gutwill-Haus, Haus der Gegenseitigkeit, Hoch-Eck, Neues Hochhaus and Sonnblick-Haus.

Its 117 lamps (39 white, red and green) indicate weather predictions for the following day by partly blinking and moving combinations.

It is connected to the ZAMG (Zentralanstalt für Meteorologie und Geodynamik), the centre for weather forecast on the Hohe Warte.

[6] Since 2006, the Ringturm has been transformed into a piece of art each summer by being wrapped in cloth designed by prominent artists from Austria and Eastern Europe.