The building was purchased and renovated in 1977 by architect Jim Waters who re-created a period mahogany and glass storefront for his offices. The project was honored with a "Design Award" from the Birmingham Historical Society in 1983. The Waters Building was placed on the National Register of Historic Places on April 11, 1980.
The building was purchased in 2010 by the law firm of Scott Dukes and Geisler and again extensively renovated. Architect Wayne Hester coordinated the $1.3 million project with preservation consultant Linda Nelson to qualify for federal preservation tax credits.
- Kent, Dawn (May 26, 2010) "Birmingham law firm Scott, Dukes & Geisler renovating downtown office space." Birmingham News
- Dobrinksi, Rebecca (July 10, 2011) "Investing in the Past: The Waters Building" Magic City Post