With an HCM list designation, city law allows the commission to formally object to the issuance of a demolition permit, delaying the demolition for up to 180 days, plus another possible 180-day extension, if approved by the City Council, to allow for time to preserve the monument, according to the City Planning Department. In 2019, Holland Partner Group announced it had purchased the building, and documents submitted to the commission show the future plans for the site, where the developer wants to erect a six-story, mixed-use building that would keep portions of the original Taix built into the structure. The venerable French eatery plans downsize from its current 18,000-square-foot space to 6,000-square-feet, according to commission documents. The original bar and ceilings would be retained, but the seating style would be updated, and the banquet room, which Taix said isn't used much anymore, would be eliminated.