It's safe to say many of us were devastated last year when Clerys was shut down.
Clerys was the centre of shopping for many years in Dublin when a company called Natrium came in and closed its doors, making 460 people unemployed.
And now, the Irish Times has revealed the fate of the department store building.
According to the newspaper, the new development will keep its original architecture but will include high-end retail units, a boutique hotel, office spaces and entertainment and leisure facilities.
In a statement, the company said: “Natrium’s vision is also to re-establish O’Connell Street and its surrounding environs as a place of importance in the social and cultural life of citizens and visitors, where building will be a source of civic pride.
"Commerce created by the development will generate €329.1 million annually to the Irish economy."