The station serves the rapidly growing area,[7] New Covent Garden Market and the Embassy of the United States.

[13][14] In September 2019, Art on the Underground announced that artist Samara Scott had been commissioned to install a permanent artwork in the station's ticket hall.

[18] The future over-station development will provide over 400 new homes (40 per cent of which will be affordable), office space, retail, and a new public square serving the station.

[27] By June 2019, major tunnelling and track works had been completed, and an engineering train ran on the extension for the first time.

[28] By February 2020, construction of the station was nearly complete, with platforms, escalators, and the London Underground roundel installed.