 Candy and Candy failed in plans to redevelop the site into a 273-apartment luxury accommodation complex, named "NoHo Square", and transferred the property to the nationalised Icelandic bank, Kaupthing Bank.In 2010 the site was purchased by Clive Bush and Daniel Van Gelder's Exemplar Properties and Aviva Investors in July 2010.Exemplar decided against retaining either the Candy and Candy designs or the NoHo Square name and instead appointed new architects in Lifschutz Davidson Sandilands and Sheppard Robson to prepare new designs.