The area is being developed jointly by Degewo and the private investor Art-Invest Real Estate. The overall concept includes apartments in six buildings as well as a wide variety of office and commercial space, which will be created in the high-rise building, among other things. Initially, another investor, the then CG Group around entrepreneur Christoph Gröner, had acquired the site. However, the district of Friedrichshain opposed its plans, which included luxury apartments in the high-rise. In 2019, the CG Group dropped out and the plans were relaunched.