A design competition to remodel the square was won in 2008 by the architectural practice COBE. Two large market halls, the Torvehallerne designed by Peter Hagens, were opened in September 2011 and are now a very popular food market with cafes.
The south half of the square linking the space with Ørsted Park is now almost complete with paving, a low stepped ziggurat over the exit from an underground car park, a shallow canal (still to be filled with water) and sports areas.
The main features and hard landscaping includes an open circular access ramp to the underground car park from the south-east corner of the square, a straight exit ramp below the steps at the south-west corner, a large circular sports court for ball games, with high fencing, rings of seating around trees, fixed play equipment for small children, a drinking fountain and pay kiosks and signs for the car park. Paving is a mixture of cut stone and new and reused cobbles with iron edging, presumably corten steel to high kerbs to dissuade drivers of vehicles from going onto the square and up the slopes.
At the south end the circular areas for planting are larger and form a scalloped edge to make the transition to the grass and open planting of the adjoining park. A shallow canal feature with imaginative bridges and stepping stones, also in iron/steel, flows across the front of the main steps and down the slope towards the lake in the park through a series of oval basins.
A road still bisects the square between the food halls and the open square but the east and west sides are ostensibly pedestrian but with access for deliveries and servicing but at the south side vehicles enter and leave just at the corners and the whole south side is paved or planted to protect the unbroken link between the square and the park.