These buildings have been sitting empty & partially demolished for at least the past 10 years. A few years ago, developers bought the buildings & wanted to turn it into a hotel & retail complex, including the rather imbitious & divisive "sky bridge" proposal - a pedestrian bridge supported by 70m high pylons linking the complex with Royal Park.
It never quite got the go ahead, and the building was recently put up for sale by the developers. I don't remember whether the proposed development passed my own standards for good or bad, however it would be nice to see something happen to this site.
Demolition or development?
UPDATE: plans are afoot to heritage list these buildings, as noted in the Examiner today.