 This was to make way for a A$100 million development retail arcade and 39-storey office tower, however due to a market downturn the plans never eventuated.Instead, the St Georges Terrace half of the site was landscaped into a park and the northern half saw construction of a Toys "R" Us store.In 2001, Futuris Corporation subsidiary Caversham Properties obtained a $30 million option over the site to develop an office tower.