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19th Century. Vol. 32, no. 1 - via Internet Archive. Vol. 17. p. 214 - via Internet Archive. The Art Interchange. Vol. Vol. 75, no. 1933. April 1, 1905. p. Cornelius III took possession of the house that April. Only Maria and George Vanderbilt continued to live in the southern portion of the house afterward, though they privately invited people to see the art collection. After some instances of visitor misbehavior, Vanderbilt stopped inviting people to see his art collection. Among the residents that moved to the area was William Henry Vanderbilt, who in 1877 inherited $90 million (equivalent to $2.377 billion in 2023) upon the death of his father, railroad magnate Cornelius Vanderbilt. One of the Marble Twins was occupied by his sister Emily and her family, who had moved from the northern section of the Triple Palace. His youngest son George, who did not yet have a grand mansion of his own, had a future interest, which meant he would obtain the Triple Palace upon Maria's death. The William H. Vanderbilt Mansion was the last of seven major Vanderbilt residences in the midtown section of Fifth Avenue when it was demolished.

Mariana Griswold Van Rensselaer, meanwhile, likened the mansion to "brown-stone packing boxes". Winter began destroying the northern part of the house in 1927 to make way for a thirty-story office building. February 5, 1927. p. February 20, 1927. p. Over the following one-and-a-half years, more than 600 workers constructed the building. The family moved into the building in October 1905, following the completion of the work. The work ultimately cost $2 million (equivalent to $54,463,000 in 2023), about two-thirds of which was spent on the interior of William Henry's residence. Horace Trumbauer designed the renovation, for which he filed plans in 1915. The work involved creating a new entrance on the north side of the southern residence. The art collection grew quickly and, in March 1883, Snook filed plans for additions to Vanderbilt's gallery and the northern section's conservatory. In 1944, the Astors filed plans for a commercial property to replace the southern section of the house. The Astors wished to redevelop the site, which by then was surrounded by commercial developments, such as Rockefeller Center to the south.

In part to slow the further commercial development of the avenue, George Vanderbilt developed the Marble Twins immediately across Fifth Avenue at the turn of the 20th century. Nevertheless, by the 1920s, the section of Fifth Avenue in Midtown was quickly becoming a commercial area. Some time afterward, Margaret sold her family's portion of the northern section to Emily. There was some praise for the Triple Palace. By the middle of 1881, the Fifth Avenue facade of the Triple Palace was being constructed, and nineteen large blocks of brownstone had been set in place. Frick also installed a high brownstone wall on Fifth Avenue for privacy, and he built a driveway leading from the avenue. Two decades after the house's completion, Herbert Croly wrote that the exterior was "far from interesting" while the brownstone "indicates a blind ignorance of the drift of American architectural advance". The plans entailed adding another story, removing some facade ornamentation, replacing an exterior iron fence with stone, installing a new Fifth Avenue doorway to replace the existing entrances, and adding a porte cochere in the rear.

Vanderbilt's extensive art collections required space, leading his wife to insist they add a wing to their existing house at 459 Fifth Avenue for their paintings. The Fricks moved to the Henry Clay Frick House in June 1914, where they remained until their deaths. June 3, 1903. p. San Francisco Chronicle. September 23, 1903. p. Daily American. October 23, 1881. p. March 23, 1905. p. March 7, 1914. p. With Cornelius III's death in March 1942, "its days of magnificence were ended", according to the Herald Tribune. Boston Globe. March 27, 1881. p. Schuyler, Montgomery (May 21, 1881). "Recent Building in New York - V; The Vanderbilt Houses". May 17, 1940. p. A Providence Journal article from 1888 described the house as "beyond any question, the most superb house in New York". New York Herald Tribune. New-York Tribune. January 18, 1882. p. The Daily Constitution. January 11, 1879. p. In 1881, the Nashville Daily American described the house as a "gem" to "those in love with the symmetrical outlines of the improved Greek school", even as the newspaper acknowledged the house's "somber" character. The house's architecture was reviewed negatively, especially in comparison to the homes of W. H. Vanderbilt's children.

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