Nowadays, having undergone gentrification in the 1980s, Ladadika forms the entertainment district of the city, hosting bars, nightclubs, restaurants, and pubs in what used to be old oil stores and merchant warehouses, which spill out into a network of pedestrianized streets and small squares, like Morichovou Square, a popular place for tourists.
It is a distinctive unit, which is differentiated from the surroundings (the basic core is surrounded by Tsimiski, Salaminas, Kountourioti and I. Dragoumi Streets), as it preserved to great extent the features of its original urban and architectural structure, despite the considerable change of use during the recent years, while the stores were converted into contemporary recreation centres as well as the so called ambiguous "embellishing" interventions of the owners and the municipality.
"[2] "After the 1978 earthquake and the early 1980s, most of these heterogeneous buildings, the warehouses and shops where olive oil, spices and other foodstuffs were formerly traded - premises that later hosted scores of brothels - were gradually abandoned and the area degenerated into third-world conditions.
Fortunately, the buildings were saved from demolition due to possible changes in the street system, but the logic of tasteless stage set was adopted.
In just a few years the wider area was turned into a "fun park" of dubious aesthetics, as the traditional functions of trade, typical of the harbour marketplace, had been curtailed to the minimum.