In 1861, the Bank of New Zealand was founded in Auckland and established a branch in Wellington the following year. Forty years later, architect Thomas Turnbull was hired to construct BNZ’s Wellington headquarters on this wedge-shaped property along Lambton Quay. After the bank moved in 1985, the building slipped into disrepair until fully renovated in 1999. Then the historic Edwardian Baroque building reopened as the Old Bank Shopping Arcade. The shopping center features a collection of boutique retailers along two floors of the richly-appointed interior.