When the Vieux Carre Commission showed these plans to the developer he agreed to restore the street as it once had been and set about acquiring the properties as they became available. Two of the buildings were restored before the developer's empire crumbled. The remaining three stood gaunt, untended, and unoccupied.

Delapidated and condemned as a public danger, the upper-class dwellings lining Chartres street were in such a state of disrepair that they narrowly escaped destruction in November of 1971 when the then owner Wilson P. Abraham petitioned the Vieux Carre Commission for the townhomes' demolition. Abraham contended that it would be uneconomical to attempt restoration of the dwellings. Disappointed by the refusal to demolish the townhomes, Abraham eventually sold the property.

Eventually acquired by another developer, the Vieux Carre Commission gave approval for restoration work in August of 1971. The new restoration would involve a slight square footage variation than the original proportions, and the zoning laws were changed to allow for an adjustment of 10 apartments on the site.

Today, the Lanata House, as well as the four other Greek Revival townhomes, have been marvelously restored to excellent condition. Two of the Lanata townhomes, acquired by Dr. Robert D. Guyton, M.D. in the mid-1970's, continue to stand in symmetry and classic design . Today, among providing accommodations, the Lanata House also provides living quarters for long-term residents, one of which is the property owner himself.