Upon further review of the building, site and neighborhood context, we have decided not to proceeed with the purchase of the Three Arts Club building. We will continue to develop The Chicago Columbarium concept at a new location for we believe it is an essential building program for the City and its citizens.So it's back to square one for the 1914 structure that was the first major design by John A. Holabird. Its current status is described succinctly in Bickford's concluding paragraph:
The Three Arts Club building is an architectural treasure in need of occupancy. We hope a new use that is compliant with zoning, economically feasible and accepted by the neighborhood will provide for the restoration of this Chicago Landmark.The structure has been empty since the club management vacated the premises in 2003. Rumors that the building is now being eyed as a possible new home for the Vannacutt Psychiatric Institute remain unconfirmed.