In November 2012, Arcadian Estates were granted permission by Southampton City Council to demolish East Street Shopping Centre as part of a £30 million redevelopment. In mid 2013, the centre was closed to the public and demolition began in October 2013. The original redevelopment was for a new Morrisons foodstore and an open pedestrian thoroughfare re-linking St Mary's back to the city centre. However, in late 2014, De Stefano Property Group, the landowners of the demolished site, went into administration and Morrisons announced in March 2015 they were closing loss making stores on the back of poor trading results. Finally in June 2015, Morrisons officially confirmed they would not be building a new store on this site. It was also reported other firms have put in offers to build here as a result of Morrison's withdrawal.