The dated London-pub replica drinking spot The Moon and Sixpence, once billed as the worst pub in Perth by an irate TripAdvisor reviewer, will make way for a multi-level funky glass facade, at the base of a 15-storey tower on the corner of Murray and William streets.

Plans for Charter Hall’s $150 million Raine Square redevelopment are gaining momentum.

Charter Hall’s WA development manager Bradley Norris, in Perth for a Property Council lunch last week, said the vision was to ensure the overhaul — which returns cinemas to the Perth CBD — offered something for everyone.

Raine Square includes the landmark Bankwest office tower and surrounding retail and restaurants and takes in the bulk of the city block bounded by Wellington, William, Murray and Queen streets.

Mr Norris, who admitted the hotel component of the development may go on hold, said the restoration of the heritage Royal Hotel and the Wentworth buildings were a significant component of the plan.

The use of technology and acknowledging its importance in engaging and holding customer attention was instrumental to Charter Hall’s strategy of converting Raine Square into a seven-day-a-week shopping, eating and entertainment drawcard.

Once Wellington Street returns to normal and Yagan Square is finished, the precinct would be perfectly positioned to capitalise on the pedestrian access to the Perth busport and train station and the Northbridge cultural centre, he said.

The Moon and Sixpence website said it would shut its doors in May.