The building is now owned by C. W. Obel and houses creative businesses as well as Nørrebro Bryghus.
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Together with Ravnsborggade, its continuation to the south, it forms the backbone of a small neighbourhood bounded by The Lakes to the east, Blegdamsvej to the west, Nørrebrogade to the south and Østerbrogade to the north.
In June 1986, the council and Egon Weidekamp rejected the agreement and told UNGBO that they would have to call on the police to evict Ryesgade 58.