It's strange how times change.
This is an area called Seven Dials, named after the square where seven streets all converge. It was laid out in the 1690s as a very fashionable area to live close to the (then) new Covent Garden. However, by the early 1800s it was one of the most notorious slums in London, in the heart of the St Giles Rookery, a hugely dangerous area where no law abiding person would go.
Yet now, once again, it is an uber-trendy area full of boutique shops, restaurants and hotels.
What goes around, comes around.