Coventry office development to introduce new creative quarter
A major new office property development in Coventry, scheduled to start this week, is set to bring around 50 new jobs to the area.
The new Scala office building, which is part of the Far Gosford Street Regeneration Initiative (Fargo), is set to complete a trio of projects which form the ┬ú3.5m first phase. The scheme is expected to transform one of Coventry’s most historic areas into a cultural quarter specially earmarked for creative industries.
The new 3-storey office property, designed by Coventry-based architects IDP and Birmingham-based PCPT, will feature up to six office units and will be built on Far Gosford Street, at the site of the former Scala cinema.
Ian Harrabin, Managing Director of Complex Development Projects (CDP) – the developers behind the scheme – said:
“We’ve designed the building in an arts and crafts style to reflect the era of the cinema which was demolished in the 1960s. It’s a key site as it is right in the heart of the area,” adding, “Businesses really seem to like the creative vibe and proximity to the university.”
Commenting on the development and the decision to press ahead despite the difficult economy, he added:
“We think this is one of the only – if not the only – speculative office building currently underway in the West Midlands. That says a lot about our confidence in the area and the strength of the partnership with the city and AWM.”
Coventry City Council, Advantage West Midlands and CDP are working in partnership on the property development. Aside from new office space, the project will also include a hotel and restoration of several historic buildings, along with the creation of space suitable for digital, media and creative businesses.