It was demolished in April 2017, and replaced by Landmark, a 14-storey office building, as part of a major transformation of the area.

[3] A single-screen cinema,[6] it was capable of seating 2,920 people on two levels (the Stalls and the Balcony), and the building also contained a fully equipped stage, a fly tower, dressing rooms, an orchestra pit, an organ[4] and a cafe.

[2] The building featured a stone-faced façe with four bays, and a full-width canopy, both facing Oxford Street.

The foyers and auditorium were decorated in a Baroque style; the building also had a large rounded proscenium and an illustration of the sky on the ceiling.

[1] When the cinema closed in 2004, the orchestra pit, stage, proscenium, ceiling and foyer areas were still partly intact (although hidden), and could have been restored.

[11] In 2013, the cinema was scheduled to be replaced with an office building named Landmark, matching the adjacent One St Peter's Square.

[12] The building was proposed to have 22,575 m2 (243,000 sq ft) of office floor space over 14 storeys, as well as a three-level 116-space basement car park, in a 0.18 hectares (0.44 acres) site.

[12] Construction was planned to start when market conditions were suitable[13] – in particular, when pre-let deals were arranged with the first occupants.

[14] As of January 2023, occupants within the building include Santander UK, Allianz, JLL, RSM, HSBC, Grant Thornton, and flexible workspace provider Industrious.