Xanadu Gallery, which closed in August 2015, spent a significant sum to restore the building to Wright's vision. The gallery's website reported that it "put the million dollar restoration in the capable hands of Aaron Green, who had worked with Wright on other projects such as the Marin Civic Center, and was meticulous in maintaining the building's original detail and integrity." The gallery indicated that while retrofitting the building for current amenities (such as air conditioning) was difficult, there have been no roof leaks. The building was reported sold to a "high-end designer fashion boutique" as of July 2015 by the Frank Lloyd Wright Building Conservancy.
The V.C. Morris Gift Shop was listed in 2007 at number 126 on the American Institute of Architects' list of the 150 favorite buildings in America. The building is one of seventeen American buildings designed by Frank Lloyd Wright that the AIA has designated to be retained as an example of his architectural contribution to American culture.