By the 1960's, Los Angeles had changed dramatically and so had its Fire Department. As part of a facilities replacement program and because of an agreement with the newly built Hilton Hotel (now the Wilshire Grand), Engine Co. No. 28 was closed.
The building continued to be used by the fire department as a credit union until it was finally vacated in 1971 and put up for sale as surplus city property. Over time, the building would fall into disrepair. Demolition seemed inevitable. In late 1983, Linda Griego, in partnership with Peter Mullin and Hugh Biele, began renovating the 3-story abandoned historical landmark into offices and a restaurant. The existing 20,000 square foot structure was expanded by 15,000 square feet which included a new fourth floor tucked behind the parapet. Project costs exceeded $5 million. Engine Co. No. 28's renovation has been widely acclaimed, receiving numerous preservation awards over the years. In 1988, at the time of its completed renovations, the building was recognized by the city as an historic-cultural landmark. 100 years since its original construction, and thanks to the preservation efforts of many including the late mayor Tom Bradley, Engine Co. No. 28 remains a vibrant part of downtown Los Angeles