Most of the land north of the canal basin is being developed under the banner of Merchant Square by European Land and Property as part of a joint venture between Simon and David Reuben (the Reuben brothers) and the Jarvis family. In all, the development around Paddington Basin will create of offices, homes, shops and leisure facilities, with the western end being developed first. Paddington Walk is a block of 232 flats designed by Munkenbeck & Marshall that completed in August 2005. The Point (224,000 sq ft) and Waterside (240,000 sq ft) are office blocks designed by Terry Farrell and Partners and the Richard Rogers Partnership respectively.