Southwark Council wrote:The development of the site at 50 New kent Road [known as Tribecca Square] is now being managed by Delancey a specialist real estate and advisory company in partnership with Oakmayne properties who secured the planning consent for the site. Delancey are currently in the process of seeking to refinance this mixed use redevelopment which includes retail, residential, student and commercial uses including a 4 screen cinema. The project will also deliver the first phase of the much larger new public open space that will run east/west through the heygate site and which is part of the Lend Lease outline application. To facilitate the refinancing of the scheme the developers have been discharging pre commencement planning conditions and have amended the structural design and layout of the building to enable the scheme to incorporate a large retail unit on the groundfloor. The developer is in the process of completing a lease with Sainsbury's for this space. Securing funding continues to be challenging in the current financial environment. The council understands that the developer now expects to commence development early in the New Year. As part of continuing to help bring forward this regeneration project the council is discussing terms of the renewal for the site compound licence.
williamn wrote:Could be an interesting adddition to the Curzon or Picturehouse chains?
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