From derelict
to modern landmarks
History
The site formerly consisted of rundown semi-derelict shops and offices on St John’s Street. The Local Authority were determined that the prinicipal building, complete with a 19th century façade on the site was not to be demolished but kept to keep a sense of history in Angel.
Approach
The site was acquired by the Dame Alice Owen Trust via a conditional contract, dependent on planning permission being granted, with a profit share agreement with the Vendor, calculated on the basis of planning permission received. After extensive negotiations with the Local Authority, the conservation officer and local conservationists planning was acquired.
Scheme Overview
- An imaginative and innovative scheme of modern, luxury apartments yet retaining the original buildings on site and restoring them, including a 19th century façade, to their original Victoria splendour.
- 10,000sq ft of ground floor and basement retail. Space, which was returned to the Vendor as part of the consideration, together with 12 apartments.
- In addition to the retail space and apartments, a significant cash payment made to the Vendor arising from the profitability of the site.
Location
Testimonial
A combination of 19th Century Elegane and 21st Century cutting-edge design
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