The building underwent a major renovation in the early 90's. One of the most important aspects of the building's revitalization was to recover the original look of the ground floor and retail areas that had been "modernized" in 1952. The renovation included replacing several of the triumphal arched entryways to the building, façade restoration on the upper stories, refurbishing many of the detail ornaments, and recreating the parapet in polymer concrete. This elaborate project took over a year to complete.
The Flood Building is a microcosm of San Francisco, housing over 250 diverse tenants from all over the globe. The building also boast the flagship stores for Gap, Urban Outfitters and Anthropologie, as well as a Sunglass Hut and Watch Station store on the ground floor. In addition, the building houses several Consulates and a significant number of non-profit organizations. In 2004 the Flood Building celebrated 100 years as a center for business in San Francisco.