A cleared development site (1.3 acres) bound by Donegall Road, Monarch Street and the Westlink and formerly occupied by the Monarch Laundry (built 1904).

A planning application (Z/2000/1481/F) submitted in 2000 proposed to develop a neighbourhood foodstore. The application was approved although development did not commence.

The site was placed on the market by Savills during early 2012 inviting offers in the region of £750,000.

An outline planning application (LA04/2015/0598/O) was submitted by MKB57 Ltd and AMD Architectural Design in June 2015 proposing a residential development comprising 60no. apartments and retaining the former red-brick chimney on the site. The application was withdrawn in May 2017.

MKB57 Ltd submitted an outline planning application (LA04/2019/1445/O) in June 2019 proposing to develop 53no. apartments, 53no. car parking spaces, cycle parking and associated landscaping. The application was approved in December 2019.

Riddell McKibben placed the site on the market in October 2021 with offers invited in excess of £1,325,000.