ðɛɹˌɑːɹ plˈænz tə tˈɜːn ðɪ ˈɛɹiə ˌɪntʊ ɐ mˈɑːdɚn, plˈɛzənt ɹˈiːteɪl, ˈɑːfɪs, ɹˌɛzᵻdˈɛnʃəl, hoʊtˈɛl ænd kˈʌltʃɚɹəl spˈeɪs.
There are plans to turn the area into a modern, pleasant retail, office, residential, hotel and cultural space.