The later development of the square involved the construction of a large multi-storey building over what had been the square, maintaining some of the heritage properties that had been on the periphery of the original square. It has since gone through a range of owners and developments since the original construction. In 2017 further developments were made to the complex of properties related to Raine Square.
Raine Square features a connection to Perth Underground station, and the free red CAT service which stops nearby. Multiple bus services can be accessed viaWilliam and Wellington streets.