Building 2 is a seven-storey structure that was developed behind a retained façade, and houses restaurant and office floors of 8,000 sq ft (740 m2) each.

The developer was The 100 Bishopsgate Partnership, a joint-venture between Brookfield Office Properties (87.5%) and Great Portland Estates (12.5%).

A new building on the site was constructed, numbered 58, which included a public house, the Magpie and Punch Bowl which had operated at that location since 1839.

The demolition work was complicated by the existence of six power substations on the site which needed to be kept operational until they could be bypassed.

[7] In May 2015, it was reported that building company T Clarke had agreed a revised contract for 100 Bishopsgate, with on-site activities scheduled to start in April 2016.