Redevelopment Plan For Centre Point Approved

Dean Nicholas
By Dean Nicholas Last edited 52 months ago
Redevelopment Plan For Centre Point Approved

0807_centrepointCamden council has approved a proposal to revamp the area around Centre Point and convert the building into a residential apartment block, reports Construction Enquirer.

Under the plans, modified slightly from the ones which we first covered last year, the building will be split into 82 flats, with a further 13 affordable units in a new block; controversially, the new building will be on the site of the Intrepid Fox pub. There will be a new plaza at ground level, and a general sprucing up of what is currently a windswept bus terminus, with new restaurants, shops and bars.

Although the project has been green-lit by Camden, there are still a few other legal hurdles in the way, notably a lawsuit filed by the owner of Paramount, the bar on top of the building, which still has 30 years left to run on its lease.

Designed by Richard Seifert and completed in 1966, Centre Point was famously unable to attract a single tenant for many years, a problem it is unlikely to have in its new incarnation given the increasing demand for prime property in the capital.

Last Updated 08 July 2013

HoosierSands

Yes, it won't have the same problem attracting tenants because apparently Harry Hyams, who built Centre Point, only would let it on full repairing lease to a single tenant-no one wanted to take that on. He could afford to sit on it for years.

I don't get the Paramount lawsuit-Hussey has already said the business can remain in occupation (may be a bit noisy in the daytime though).