Nottingham developer set to kick-off £14m Dudley resi scheme
A developer from Nottingham has bought Falcon House in a bid to create 141 flats, in what is set to be a £14m regeneration project.
Arran Bailey, owner of ALB Black Country Properties, bought the outdated office block before auction and has gone in for permitted development to convert the 88,000 sq ft, 8-floor building in to 65 one-bedroom and 76 two-bedroom apartments.
It was reported in 2013 that The Falcon House office block was to be demolished to make way for a supermarket complex, which would include a café and petrol station, but plans were scrapped by Commercial Estates Group, paving the way for ALB Investments to step in and regenerate the building.
Bailey said: “The local area has been in need of new housing developments, and we are excited to play a big part in the area’s regeneration.
“The project will be a great opportunity to bring more footfall to the town by attracting young professionals. This will help to boost the local economy and will improve the area’s image by updating outdated buildings.”
Headoffice3 has designed the development and will be managing the works to complete in 2017.
Glen Harding, CEO of headoffice3, said: “We believe this project will genuinely improve the local demographics and breathe new life into a tired block in urgent need of renovation. The external façade alterations will create a new, vibrant and exciting feel to the building”.
