In 2023, the Angelo Masieri Foundation established a partnership with Heritage Asset Management and Galerie Negropontes to reactivate the building and the Foundation's cultural program.

Architectural renovations concern restoring part of the internal plasterwork and floors, maintaining the wooden windows, and improving the lighting and technological systems.

Barman architects has directed the restoration project and the site management. After building works is completed, the Palazzina Masieri will host temporary exhibitions and cultural events.

The Masieri Foundation was established in memory of Angelo Masieri, a collaborator of Carlo Scarpa, who tragically died in 1952. The memorial was built on a typical Venetian triangular plot at the corner of the Grand Canal and Rio Novo: in the area was situated a vernacular three-floor palace that should have been replaced by a new building commissioned to Frank Lloyd Wright. He designed a residence and study center for architecture students, but the project was rejected to protect the city's historical appearance from the change.

In 1968, Scarpa imagined realizing the Masieri Memorial by removing the interior walls and floors of the original palace, leaving the historical outer walls as a shell within which entirely modern spaces were constructed. The current building represents continuity and change: the ancient façade, visible from the canal, and the new insertion, a masterpiece of light and details.