In the late 1980s and 1990s, the building was purchased by Baruch College as part of its new campus and renovated for library and academic use, opening in 1994.

[4][5] The building was designed by architect J. William Schickel in Italian Renaissance style.

[1][7] The basement and ground floor of the building originally supported the infrastructure for the streetcar substation.

[1][7] In the center of the upper floors was an open courtyard, with a lightwell that extended to the top of the building.

[1][6] The current Baruch College Technology Building occupies 300,000 square feet (28,000 m2) of space.

Two additional elevator banks at the west end of the building, and a staircase adjacent to the atrium run between the second and seventh floors.

The M23 Select Bus Service route operates crosstown along 23rd Street, two blocks south of the building.

[13][14] The Lexington Avenue surface line originally began service in April 1895 as a horsecar route.

[16] Their offices and printing plant were located on the sixth floor of the building, occupying 33,000 square feet (3,100 m2) of space.

[19] After McClure's was sold to creditors in 1911,[17] on May 1, 1913, the sixth floor facility was taken over by The Publishers' Weekly.

[2][25] The new campus would include the Lexington Building (referred to as "Site A"),[26] which had been identified as a potential state or national landmark.

The school planned to renovate the building for use as a library, computer center, and for offices and student groups, at the cost of $50 million.