The £235 million renovation and redevelopment scheme combines 121 residential units with 60 shops of over 39,000 m2 of retail area, including 5 restaurants and a 12,000 m2 Debenhams department store. Landscaped open spaces, new car parks and increased pedestrian routes link Princesshay with the High Street and the rest of the city.

Princesshay is seen as having several key features with the environment in mind. A sustainable environment, by creating mixed use buildings, with residential properties and retail developing a 24/7 living city rather than just a daytime destination. Focus on improved transportation and public links to reduce potential car use were seen as two key factors in the development.