Demolition of the office building previously on the site known as Hertsmere House began on 6 July 2016, with piling starting in January 2017. As of July 2017, piling work was ongoing and expected to be finished in November 2017. Basement work and main build were scheduled to begin by the end of 2017. In May 2017, it was announced by the developer Greenland Group, that engineering firm
AECOM /
Tishman Realty & Construction would be the construction partner for the scheme. At that time it was reported that the development was on course to be complete in late 2020. Following the
Grenfell Tower fire and the independent review of building regulations and fire safety, work stopped on the Spire in May 2018 while the developer looked at an additional stairwell for the upper floors, where only one had been planned for before. However an article in a predated property newspaper indicates that a rethink may be in play due to the property downturn as a result of Brexit uncertainty and other economic factors. In January 2022, Greenland Group stated in a report to Tower Hamlets Council that the tower is "undeliverable in current market conditions", presents a "very significant commercial risk", and would only provide a return of £8.8 million. As a result, Greenland proposed removing all 96 affordable flats from the Spire, which would restore the project's financial viability by improving its return to over £50 million. As of 2023, construction work is still on hold, with the hoarded site remaining fenced off and empty. As June 2025, Greenland Group are considering selling the site for £600 million. == See also ==