Finsbury Park Station/City North Development

Arkady

No, I think they mean the main staircases down to the underground. Presumably they will shut one southbound/northbound staircase at a time so the station will still be accessible, albeit with more queues.

gardener-joe

...

NorthNineteen

My reading is it's the main stairs you access from the Wells Terrace - Station Place corridor but I'm not sure.  I really hope they can get there act together and do the work at the same time.<br>

Arkady

<font face="Arial, Verdana"><span style="font-size: 10pt; line-height: normal;">Interesting article in the Tribune about the fate of the shops in Finsbury Park Station arches. True that there are real water ingress problems that need fixing. Shame if it's an excuse to kick out the existing </span><span style="font-size: 13.3333330154419px; line-height: normal;">businesses</span><span style="font-size: 10pt; line-height: normal;">. Especially E-Mono.</span></font><div style="font-family: Arial, Verdana; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"><br></div><div><font face="Arial, Verdana"><span style="font-size: 13.3333330154419px; line-height: normal;">http://www.islingtontribune.com/news/2015/aug/family-businesses-finsbury-park-station-fear-eviction-under-regeneration-plans</span></font><br></div>;

Papa

That would be typical: <div><br><div>Small businesses spend years making rundown area better with their presence.</div></div><div>Area gets redeveloped, small businesses get priced out with no word of thanks.</div><div><br></div>

Arkady

<font face="Arial, Verdana"><span style="font-size: 13.3333330154419px; line-height: normal;">http://finsburyparkcreativehub.co.uk/</span></font><div><font face="Arial, Verdana"><span style="font-size: 13.3333330154419px; line-height: normal;"><br></span></font></div><div><font face="Arial, Verdana"><span style="font-size: 13.3333330154419px; line-height: normal;">It seems that there is currently an exhibition at the Park Theatre showing the designs for the new artworks going up under the FP station bridges. It looks like the work is due to be carried out later this year.</span></font></div>

donkeyonthemove

So is there any update on the status of city north project? Is that project cancelled?

Arkady

Not cancelled as far as we know. They are appointing a new contractor after the last deal mysteriously fell through.<div>Given that they have already sold many (all?) of the flats I doubt there will be a cancellation.</div>

NorthNineteen

It also has planning permission and a material start has been made (I assume), I don't think they would get planning permission for anything bigger on this site so expect it will be built.<br>

Papa

I wonder how many flats they have sold. Been hearing a fair bit recently about some developments under-selling.

callytoad

They sell them in phases. It isn't in the developers interest to sell them all years before completion.<div><br></div><div>During the launch I believe they had about 50 properties for sale, but judging by the listings on Right Move some buyers/investors requested flats which weren't on the price list.</div><div><br></div>

quince

According to the FT, the assorted Nine Elms developments are seeing a wave of 'flat flipping' - investors trying to sell unbuilt properties they have previously bought/put down deposits on.  <div><br></div><div>What's always puzzled me about City North is why would people would choose to pay a premium to live in a new build directly on top of Finsbury Park station when they could both buy for less and live in greater style within a half mile radius.  Perhaps a little bit of rationality has re-entered the market.</div><div><br></div><div>(Although one advantage may be that City North is the one place from which you won't be able to see, um, City North.  It's the rest of us who'll have to put up with that).</div>

donkeyonthemove

Arkady, do you know that whether the developer has found a new contractor for the project? Really curious..

Arkady

Nope, but this is where I'll report it when I hear.

donkeyonthemove

thank you!

Papa

Developers do like to get their phases sold and get plenty banked early as possible - maybe that's not gone to plan. <div>There is a glut of new build expensive London property coming through - that has to filter down to less expensive developments.</div><div><br></div><div><a href="http://www.bloomberg.com/news/articles/2015-09-08/luxury-homes-unsold-after-a-year-seen-showing-south-london-glut">Here's a report on Battersea</a></div><div><br><div><br></div></div>

Maximus

<font face="Arial, Verdana"><span style="font-size: 10pt; line-height: normal;">Update:</span></font><div style="font-family: Arial, Verdana; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"><br></div><div style="font-family: Arial, Verdana; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"><span style="color: rgb(17, 17, 17); font-family: helvetica, Arial, sans-serif; font-size: 14px; background-color: rgb(255, 255, 255);">Telford Homes will immediately work with the Business Design Centre to ensure that construction can commence in 2016 with completion expected in 2020.</span><br></div><div style="font-family: Arial, Verdana; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"><span style="color: rgb(17, 17, 17); font-family: helvetica, Arial, sans-serif; font-size: 14px; background-color: rgb(255, 255, 255);"><br></span></div><div><span style="background-color: rgb(255, 255, 255);"><font color="#111111" face="helvetica, Arial, sans-serif"><span style="font-size: 14px; line-height: normal;">http://www.constructionenquirer.com/2015/09/21/telford-homes-buys-stakes-in-four-london-regen-schemes/ </span></font><br></span></div>;

Sutent

Max your link does not work

Arkady

http://www.constructionenquirer.com/2015/09/21/telford-homes-buys-stakes-in-four-london-regen-schemes/

Arkady

I see the portacabins have arrived. Perhaps work will start this year after all.

callytoad

Small update.<div><br></div><div>Portacabins have arrived, but they are actually TFL people on site. Basically they will be doing the work for the new tube entrance before work on the scheme can proceed. That work is expected to be completed by June 2016.</div><div><br></div><div>Once done, the City North building work will begin</div><div><br></div>

Arkady

The Wells Terrace barriers are in and on!<div><br></div><div><img src="http://i974.photobucket.com/albums/ae221/Redarkady/IMAG0181.jpg"><br></div>

Sutent

I think we made need a new zebra crossing from where people get off the bus to the new station entrance

gardener-joe

...

miss annie

The gates are so slow that two or three people are going through at a time. Not snappy enough!

Papa

My initial thoughts were: 'that's not a lot of gates for quite a lot of people'.<div>had to use the Tube this morning and yesterday and it was fine.</div><div>Suspect when it is really busy might be a bit of a squeeze.</div>

miss annie

Perhaps they why they are set to be open for a long time.

Arkady

The station has seemed much less busy to me. Loads of freeloaders whinging on twitter.

gardener-joe

...

Arkady

I think so. Seven Sisters too.