Leeds is notorious for failing to see large office building plans come to fruition. The latest in the set of stalled building plans is a venture of McAleer and Rushe, an Ireland-based development and construction company. McAleer and Rushe purchased the land, a brownfield area, in 2007, and the plan was to build a 14-storey office building by 2010 on this 175000 sq ft area.
What was to be the Leeds‘ largest shared office building is still a blueprint, which has been designed and redesigned many times over. Leeds’ citizens are still hopeful of seeing the project completed, as the city, which has a less than stellar standing in UK’s markets for commercial business desperately needs something to bolster its reputation. This massive architectural masterpiece is being touted as a landmark commercial centre on the Leeds cityscape, according to Gary Cooke, joint agent of Knight Frank Leeds.
However, the poor market conditions have ensured that funding is scarce for this project, which is undoubtedly a rather large-scale endeavour. Developers, according to Cooke, have begun looking for prospective tenants willing to make deposits that can be used to fund the construction of the building. This will ensure that the project finances itself, at least partially.
It is being said that this structure will noticeably brighten the cityscape of Leeds, and Leeds’ residents remain hopeful that this landmark office building will eventually be completed.
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May 29th 2009 Posted to Uncategorized
