The plan for the site was to reconstruct the Baltic Exchange. GMW Architects proposed a new rectangular building surrounding a restored exchange: it would have the type of large floor plan that banks liked. Eventually, the planners realised that the exchange was not recoverable, forcing them to relax their building constraints; they hinted that an "architecturally significant" building might obtain a favourable reception from City authorities. This gave the architect a free hand in the design; it eliminated the restrictive demands for a large, capital-efficient, money-making building, whose design was per the client's desire.