The former shopping arcade is located in one of the most influential areas of the City of London, at the northern end of Queensway. Here, the center had been struggling with increasing competition since the late 2000s, which is why it closed in 2018. A massive 1 billion pound renovation project has now been underway since 2019, transforming the building into a modern residential, hotel, restaurant and retail complex covering more than 90,000 square feet.

Designed by architects Foster and Partners and overseen by construction and engineering firm Laing O'Rourke, the project includes 139 luxury apartments and townhouses with one to five bedrooms, 20 luxury stores and restaurants, and 110 hotel rooms from luxury hotel and spa chain Six Senses. Prices for the apartments start at around 1.5 million pounds - for which you then also get your own spa, pool and exclusive communal workspace.