"Despite what many believe was the ugliest of all the proposals, architect Will Alsop entered the winning design for this project and named it “The Cloud”. The projects name (Fourth Grace) is due to the development being located adjacent to the three historic buildings at the Pier Head site known as “The Three Graces”. The project was cancelled in 2004 due to spiraling costs.
Interesting Fact: The Fourth Grace was designed for office space, a 107-room hotel and 50,000 sq ft of community facilities, including a bar, restaurant and viewing gallery."