The former flower shop building at Faneuil Hall Marketplace has been demolished as management company Ashkenazy Acquisition Corp. makes way for new retail tenants.

The Boston Landmarks Commission put a 90-day demolition delay order on the project in May 2015 after hearing objections from opponents including one of the original designers of the marketplace project in the 1970s, Jane Thompson. The demolition hold expired last August.

In plans presented to city officials last year, a new glass pavilion occupied by a Sephora cosmetics store would be built on the site. No announcement on a new tenant has been made, a spokeswoman for Ashkenazy said Wednesday.

The greenhouse was built in 1976 to replace the Faneuil Hall Flower Market that had operated since 1936. The last permanent tenant, Exotic Flowers, departed in 2009. The building no longer meets code requirements to be used during the winter, a consultant told city officials last year.

Ashkenazy leases the 6-acre marketplace property from the city. In July 2015, it received approval from the Boston Redevelopment Authority for a master plan designed to revitalize the 40-year-old marketplace. The plans include conversion of space on the third through fifth floors of the South Market building into a 180-room hotel and a new mix of retailers, bars and restaurants in the food court hall.

The management company since 2011, Ashkenazy also has publicly floated plans for two additional new pavilions for an anchor retailer and cafe, replacement of the cobblestone walkways with granite pavers and reconfiguration of pushcart vendors’ areas.

Plans for a 270-capacity, 2-story nightclub in the central rotunda were submitted to city officials last year but withdrawn shortly before a public meeting in October. No update on that project was available.

“We are working through the process of obtaining the relative permits sequentially,” Ashkenazy said in a statement.