Anyone been down to 7th and McDowell recently? I haven't seen the tenants on the north side moved in and, wow! What a difference a year made. Having grown up in New Jersey, streets like this are a dime a dozen, but this area gave me a very nice, quaint neighborhood feel. In spite of the suburbanized design of the south building, I think it's still quite apparent that you are in the heart of an older, historic place in Phoenix - a sense of neighborhood you just can't find many other places.
I hope something fun goes in above Habit Burger in the My Florist building. The lack of local or unique retail offerings really does stick out. One or two really interesting businesses will make that intersection truly sepcial.
Now, if they could just expand the north building eastward toward Central (and fill in that forsaken lot on McD and Central), add some signage that relates to the four-point historic intersection, add street parking, and develop a streetcar from the 51 westward to this area, I'll be a happy camper.

I know, totally unrealistic.
While on the topic of unrealistic, I also think the intersection is missing that "next step" destination after eating. Sure, there's Sidebar, but something like a theatre, jazz bar, karaoke club, etc would really round out the mix. I know the neighbors would freak, but I think a small park with some live music would be incredible over there - in my dream world, replacing the Circle K on the NWC.