Work progressing on transformation of neglected office building
Work is progressing on the transformation of a neglected Staffordshire office building into 27 apartments, with completion expected early in the new year.
Stafford Borough Council gave planning consent to developer Key land Capital for the scheme, which should reach practical completion in Q1 2021.
Known as Image House, the development will deliver modern studios, one and two-bedroom apartments, breathing new life into the building which stood empty for more than three years.
Funding for the £3.1m office-to-residential development has been provided by London-based peer-to-peer lender Blend Network.
Contractor Connect PDI is delivering the project.
Key Land Capital acquired the office building, in Foregate Street, in 2017.
The detached 12,146 sq ft building, originally purpose-built offices with on-site parking and ground floor retail units, was sold by a private developer with planning permission for conversion to residential use.
Key Land CEO Kevin Sharkey said: “Despite the difficult economic and working environment for most of 2020, our team has made fantastic progress on creating 27 quality, affordable homes to replace an unloved office building.
“We’re doing what we do best, delivering great quality homes and attractive investment opportunities. Our showhome is now complete and viewings can be booked through our sales office.”
He added: “Stafford is a great place to invest. It is a growing town and has a strong demand for quality apartments in a central location, ideal for young professionals. Image House will offer good quality accommodation available at competitive rents.”