Union Trust Steakhouse to be Torn Down?

I was walking down Chestnut Street yesterday and noticed the sidewalk closed in front of the former Union Trust Steak House.
and that if repairs weren’t made by March 6, the City had the right to tear down the building.
I would hope that someone, anyone, The City itself would move to save this tremendously important architectural gem the building which also once served as The Union Trust Company Bank. The 19th century Greek revival building housed the Union Trust Steakhouse restaurant, which opened with great fanfare in 2/9/09, and suffered under the collapsing economy and glut of high end steak houses. (This story reminds me of when the old Brasserie Perrier facade collapsed in 2009 after the restaurant had abruptly closed earlier that year.)
Hopefully this spot won't turn in to a giant Rite Aid.