In 2013 the Richard Randall collection remains part of the Brisbane City Council owned Museum of Brisbane art collection. Members of the Randall family retained ownership of the Cordelia Street property until 1981. From late 1913 the studio was rented out as a residence, and at some point the upper floor was partitioned. In a 1926 sewerage plan the studio is named "Brindisi" and is fenced off from two other residences on the property. In 1987, Richard Randall's Studio was listed by the National Trust of Queensland, who described it as ""a unique example of a purpose-built artist's studio and reception rooms"". In 1988 the building was threatened with demolition due to redevelopment of the site; however it was purchased in time by Brisbane City Council in recognition of its historical significance. Only the upper floor (the former studio) was saved and relocated approximately along Cordelia Street to Musgrave Park, while the remainder of the building was demolished. In 1989 the studio was stumped and re-orientated to a north-west aspect to face an avenue through the park. Internal partitions and a lowered ceiling were removed and the building was repaired and renovated, with facilities such as a small kitchenette installed in a rear corner. In front of the studio a timber picket fence, similar to one which had existed at the original location, was constructed. The studio was officially opened by the Lord Mayor Sallyanne Atkinson, in December 1990 as the Richard Randall Studio, part of the Jagera Arts Centre in Musgrave Park. The Richard Randall Artist's Studio Award, established by the Council the same year, provided rent-free use of the building to selected local artists for set periods as a studio and gallery. Artists were chosen by a panel of professional arts community representatives, and were required to produce a quota of artwork for public use during their residency. By the mid-2000s the studio was in need of repairs and had become vulnerable to damage by vandals. In 2007 it was relocated for the second time by Brisbane City Council to its present site in the Mt Coot-tha Botanic Gardens, adjacent to the main visitor's car park. Officially opened on 6 October 2008 by the Lady Mayoress Mrs Lisa Newman, in the presence of descendants of the Randall family, the renovated studio is used as a function and exhibition venue available to the public and community groups for hire. The Richard Randall Art Studio is a small, single-storey, timber-framed building located within the grounds of Brisbane Botanic Gardens Mt Cooth-tha in Toowong.