The site where the building is standing was originally occupied by the first Hong Kong Magistracy.

Difficulty and delay in the construction work was caused because of the provision of an extensive basement in the new magistracy.

The Central Magistracy was closed in 1979 and was subsequently used by different associations affiliated to the Royal Hong Kong Police Force (RHKPF).

The building's majestic appearance, with the imposing pillars of the façade and other features in the Greek-revival style, are lost to its poor exposure fronting onto a steep, narrow road.

The former Central Magistracy has been redeveloped into a cultural and shopping destination generally called Tai Kwun (大館).