Marketing Derby can reveal that plans have been submitted to revitalise a key building at the heart of Derby’s city centre.
Having bought the Audley Centre on St Peter’s Street, in the St Peters Quarter, in December 2014, London-based Steamrock Capital has been working with Derby City Council and Marketing Derby to determine the best future for the building.
As the site of the former Midland Drapery, it is appropriate that the planned new building will restore the building to its original height and include new shopfronts at ground floor, whilst the upper floors will consist of new apartments, creating more vibrancy in the area.
Tom Erskine, Inward Investment Executive at Marketing Derby, said, “We are delighted that Steamrock Capital has submitted these plans. The current building has been in need of significant attention for some time, and these plans should provide the regeneration this site has needed.”
Graeme Jones, Head of Asset Management at Steamrock Capital, said “We are looking forward to restoring an important former historical building back to its prime that will provide it with a sustainable future in the heart of Derby City centre”.
Plans should be available to view on Derby City Council’s planning portal in the coming weeks.