I'm pretty sure the building is still owned by Chuck Forbes and family. He's the man that saved the Fox, State, Elwood, Gem, etc., long before Ilitch knew there was a Grand Circus Park.

Chuck attracted many offices for Detroit Police operations to his building. Several departments were [[are?) located in the Palms, and for many years the Detroit Police Academy worked out of the Colony Club at Park and Montcalm. It now operates as a banquet center and is still owned by Forbes. Check out this link for some gorgeous interior photos.: http://www.colonyclubdetroit.com/

I think the police department consolidated some of their offices several years ago, and the Women's City Club Building has been vacant since.