years later. The building was vacated, boarded up, and virtually forgotten in 1929 as the Great Depression struck North Texas and office space became relatively inexpensive to lease or purchase. A fire gutted the building in 1931, rendering it unusable for several years. After the Great Depression, the building housed a succession of tenants, including barber shops and cafés. The building changed hands many times and was scheduled for demolition on several occasions, but escaped this fate apparently because a sufficient number of local residents came to its defense. It was eventually deeded to the city of Wichita Falls. As the building continued to deteriorate, in 1986 the city gave the building to the Wichita County Heritage Society (WCHS), with the hope that it would eventually be restored, making it a viable part of the Depot Square Historic District. Purchase and renovation By 1999, the Newby–McMahon Building had proved to be an excessive burden on the limited capital reserves of the WCHS. The following year, the city council hired the local architectural firm of Bundy, Young, Sims & Potter to stabilize the crumbling structure, amid steadily growing talk of demolishing the building. Dick Bundy and his partners became fascinated with the history and legacy of the building; they arranged a partnership with Marvin Groves Electric, another local business, to purchase the building. In December 2000, the city council voted to allow the WCHS to sell the building to Marvin Groves for . On June 11, 2003, a storm swept through Wichita Falls, bringing gusts of wind as strong as . A section of brick wall from the McMahon Building complex was knocked down. The damage from this storm was repaired, but full restoration of the building and the adjacent Newby Building was delayed until late 2005. In June of that year, the City Council granted in funds from the city's tax increment financing fund, to be invested in the restoration of the McMahon Building. Restoration of the building is estimated to have cost more than , the remainder of which was paid by the owners (Bundy, Young, Sims & Potter, Inc., and Marvin Groves Electric). Current status After its renovation, the building was home to an antiques dealership, the Antique Wood, which opened in 2006 on the ground floor. Since 2013, a furniture and home décor consignment boutique by the name of "Hello Again" has occupied the building. The Newby–McMahon