Square Bay completed on the purchase of the freehold vacant former gas works site in 2016. Situated in the centre of Bristol, it was the last remaining brownfield site on the floating harbour. Only the external walls of two listed buildings remained and were in a poor state of repair. In April 2017, planning consent was granted for 58 private apartments with amenity space, parking, public open space and access to the Quayside Walk. The site has been developed by Acorn Property Group.