Before the building of a comprehensive sewage system in London during the late 19th century, the site had been largely undeveloped since Roman times as it was waterlogged by tributaries of the River Walbrook.
The buildings standing within the boundary of the Drapers' Company property line on the west side of Throgmorton Avenue were demolished to make way for the Seifert Tower.
The original Drapers' Gardens was a skyscraper in the City of London, designed by architect Richard Seifert.
Seifert, its designer as well as the architect of Tower 42, described the Drapers' Gardens skyscraper as his proudest achievement.
The sole occupant, National Westminster Bank, sought to end its lease and there was a weak market for replacement tenancies.
[6] The replacement Drapers' Gardens is 75 metres (246 ft) tall with 16 floors, three roof terraces and a pocket park.