I had earlier guessed the building may be being turned into flats or “apartments” as they are obviously called nowdays. Indeed it has.
“Built in 1933 originally to provide warehouse facilities, this building will be the final phase of Maghull Developments’ showcase apartments and the jewel in the crown of the regenerated Piccadilly Basin in the Northern Quarter.
This development combines the refurbishment of an Iconic Art-Deco warehouse with a contemporary residential development of 70 apartments.”
The building is to be known as “The Met”.