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Son of Fred

Southampton City 'regeneration' On Hold

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City lofts

COUNCIL chiefs are hunting a new developer to transform the former Tyrrell & Green building in Southampton after conceding £50m redevelopment plans have collapsed.

The city council hopes a new developer can pick-up the pieces of the flagship scheme after the luxury flat builder lined up by the council went into administration and lost financial backing.

City Lofts had planned to demolish the derelict department store to make way for 282 flats in landmark glass towers up to 18 storeys high, housing a £13.7m arts complex on the lower floors.

Barratt

Wilson Bowden, part of home giant Barratt after a £2.2billion takeover last year, has pulled the plug on work at Admiral's Quay in Ocean Village with just three of five proposed apartment blocks built, and most of the shops bars and restaurants are yet to be completed. The plot is now up for sale and the company is axing 45 jobs locally as part of 1,200 nationally.

Raven

The council now faces at least a six-month delay to the project which is already four years behind schedule after a previous developer Raven walked away when it hit financial difficulties.

says Cllr Royston Vasey-Smith:

"Although this is clearly a setback with our immediate plans for the development of a cultural quarter, Southampton City Council will be seeking a new development partner to take the scheme forward and remains committed to the regeneration of the Northern Above Bar area."

Cllr Smith said he was "optimistic" of finding a new developer for what he described as "the premier site in Southampton."

FULL STORY HERE

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Sad news in my home town. These flats are the ones near Ocean Village, aren't they? What with the guy who cut his head off coming from Bishopstoke, things aren't looking so good down there. Amazing to think that Kirsty and Phil (crosses himself) named Eastleigh as one of their top ten places for HPC last year/year before...

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Guest Mr Parry
City lofts

Barratt

Raven

says Cllr Royston Vasey-Smith:

FULL STORY HERE

Any news on Woolston Riverside (the old Vosper Thornycroft shipyard)? Just won the remediation contract, due to start this coming Monday.

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Sad news in my home town. These flats are the ones near Ocean Village, aren't they? What with the guy who cut his head off coming from Bishopstoke, things aren't looking so good down there. Amazing to think that Kirsty and Phil (crosses himself) named Eastleigh as one of their top ten places for HPC last year/year before...

Yes, its the ocean village developments. Was down there yesterday, everything has stopped.

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Yes, its the ocean village developments. Was down there yesterday, everything has stopped.
It's sad, really, a classic case of building lots of properties that will - when eventually they are finished - be completely unsuitable for the market. Not sure I'd want to live in Southampton anymore, not much by way of industry, culture or even football now, although the University is still quite good, right?

edit: typo

Edited by Avon

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Another car park in Leeds as well

Leeds' 'Kissing Towers' axed

Date:

18 July 2008

By Howard Williamson

THE £115m "Kissing Towers" scheme for Leeds city centre has fallen victim to the property slump.

Simons Developments wanted to revise the scheme because the original plan was no longer commercially viable.

But the city council's executive board has decided to terminate the contract.

The site off Sovereign Street, once occupied by the Queens Hall, will now continue to be used for car parking

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Are the new build flats in the city centre selling ? I am thinking of the old telephone exchange , and the new builds by the St Mary's stadium ( the old tech college ) . There seems to be more building going on , but this may have stopped since I last looked .

Are we turning into another Leeds , or Manchester for empty flats ??

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What's Southampton like as place to live? What are the areas to aim for and the areas to avoid? I'm planning on moving to the south coast and I've been looking at locations from Lymington to Brighton, but the wider Lymington area is the most likely.

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It's sad, really, a classic case of building lots of properties that will - when eventually they are finished - be completely unsuitable for the market.

It's never about regeneration, it's always about lining the pockets of property developers. Hence why Stoke-on-Trent City Council's Pathfinder scheme proudly boasts that it's about "housing market renewal", and how they've just backtracked over demolishing a load of terraced houses having already booted out the occupants.

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Are we turning into another Leeds , or Manchester for empty flats ??

I have just run a 'flats for sale' search on rightmove - of course most of these aren't vacant possession but the number are indicative of relative supply.

Within 3 miles of each City Centre:

Manchester 2000 listings

Southampton 1370

Leeds 910

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  • 396 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
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      • Even
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      • up 5%



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