» Another Major Office Development in Leeds Stalls

Another Major Office Development in Leeds Stalls

Back in 2007 McAleer and Rushe, a development company based in Ireland, bought a demolished brown field site located the intersection of City Square and Wellington with the intent to build a new structure by 2010.

However, after a few years in which the structure has been redesigned repeatedly to be the largest office building in the Leeds area McAleer and Rushe decided that with the stale market there was no funding on offer for the office project.

The people of Leeds however are looking for something to happen, and the developers remain confident that they will be able to get the project off the ground eventually even if they are behind schedule by about three years.

The project entails a massive undertaking, with 14 stories that span over 175,000 square feet to provide quality office and desk space. But joint agent, Gary Cooke from Knight Frank Leeds, said that the developers are looking for tenants to secure deposits to launch the project on its own in a move that would see it at least partially self financing.

Cooke went on to state that this will give Leeds the office building of an architectural brilliance that the city definatly needs in order to heighten its standing in the UK commercial business market.

This is not the first project to stall in downtown Leeds with the most significant being the scraped Lumiere skyscraper which was also supposed to be on Wellington Street, but never actually seeing the light of day.

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