 Along with Melbourne's other historic arcade, the Block Arcade, it is a tourist icon of Melbourne, and part of the network of lanes and arcades in the CBD.The arcade is listed on the Victorian Heritage Register., and by the National Trust, and Melbourne's Golden Mile heritage walk runs through the arcade.Designed by Charles Webb, who won a competition in 1868, the arcade features a high glass roof and rows of arched windows to the storerooms above each shop.