It was originally built in 1913 on the site of a local college's recreation ground and was significantly redeveloped twice. The first reconstruction came in the 1930s from which the Art Deco East and West Stands date. There was a second development; the first phase was completed in 1989 which added executive boxes to the Clock End, and afterwards in 1993 a new North Bank Stand was constructed, both following the recommendations of the Taylor Report which replaced the terraces to make the stadium an all-seater with four stands. However, further attempts to expand the stadium were blocked by the community, and the resulting reduction in capacity and matchday revenue eventually led to Arsenal opting to build a new stadium, to become known as the Emirates Stadium in nearby Islington. After the club moved to their new stadium upon the conclusion of the 2005–2006 season, Highbury was redeveloped as a residential development known as Highbury Square, with the Clock End and North Bank stands being demolished; parts of the East and West Stands remained and were incorporated into the new development due to their listed status.