The site is located at the intersection of May Street and Victoria Street and covers an area of approximately 970 square metres. It is currently occupied by a mix of 1-3 storey buildings. These buildings housed a number of businesses such as the Belfast City Transport Social Club, Ginger Snips 2, P. A. Duffy & Co Solictors and Deery, McGuinness & Co Solictors.

In June 2020, Endeavour Partnership & Vinder Capital submitted a Proposal of Application Notice (LA04/2020/1329/PAN) proposing demolition of existing building and erection of multi-storey residential development with ground floor retail/restaurant use and associated site works.

In June 2022, a planning application was submitted (LA04/2022/1219/F) proposing demolition of existing building and erection of 11 storey building on May Street/Victoria Street and 4 storey building on Gloucester Street comprising 77 apartments with communal areas, ground floor retail, cycle and car parking, and vehicular access via Gloucester Street. The submitted planning application consists of a different design from the previously proposed design in the projects consultation.

In January 2024, May Street Apartments was recommended for approval at the Belfast City Council Planning Committee.