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Many property development and construction projects have been stalled recently in Leeds including the Lumiere skyscraper that was to be built on Wellington Street. Another big project to join the list is the proposed office building at the T-junction of City Square and Wellington, which was scheduled to be completed by the end of next year. This office building will have more that a dozen storeys and will be spread over an area of 175,000 sq ft.

The land was purchased by an Irish construction and development company, called McAleer and Rushe in 2007. However, the company was not able to find financiers for the project in the current market slump.

However, McAleer and Rushe has not given up the hope of completing the project. The company as well as the locals are hoping to see the project go through, even if it is delayed as per the original timeline.

Expressing confidence in the future prospects of the project, the joint agent from Knight Frank Leeds, Mr. Gary Cooke said that the developer is now looking for tenants who are willing to book shared office space with advance deposits. He also went on to say that the office building would be a great example of excellent architecture, which will help the city in firming its position in the commercial business market of the UK.