The "Argus" building, built in 1926 on the corner of La Trobe and Elizabeth streets, is classified by the National Trust and is on the Victorian Heritage Register of Heritage Victoria. In 1991, an innovative office building was built next door and named "The Argus Centre", an award winning building by Nonda Katsalidis. In 2004 La Trobe University bought the site of the old Argus building with the intention to redevelop and house legal and business schools in the building, as well as a ground floor shopping precinct.