Council to support redevelopment of landmark building in Cultural Quarter
Published on Thursday, June 30, 2016
THE redevelopment of a long-neglected historic building in the heart of Leicester’s Cultural Quarter has been earmarked for council support.
Leicester City Council has approved in principal support for the redevelopment of Shahista House, at 37-43 Rutland Street.
The Grade II-listed building, which fronts Orton Square and is immediately opposite Curve Theatre, has been earmarked by private developers for a £3million conversion into 14 apartments, with restaurant and retail use on the ground floor.
The developers, Park Portfolio Ltd and Monk Ltd, have around 15 years of regeneration experience in the Cultural Quarter.
To make the development feasible, the city council has agreed to release nearby land at 88-90 Rutland Street. The council-owned plot, which is immediately next door to Makers’ Yard, is currently unused. The developer is proposing to use the land for car parking which would serve the proposed new apartments.
In return, the developer will be required to build a new workspace extension to Maker’s Yard, extending the building’s frontage and potentially providing new shop space for businesses based there.
In addition, the council has approved a grant of £150,000 to help kick-start the redevelopment of Shahista House.
The council’s support would be subject to planning consent and other conditions. A 12-month contract to acquire the building was secured by the developer in February this year.
Cllr Sue Waddington, Assistant City Mayor with responsibility for the Cultural Quarter, said: “Shahista House is an important listed building that has been underused for far too long and is now looking pretty derelict.
“Its location, immediately opposite Curve Theatre and overlooking Orton Square, makes it a key landmark building. With the right development, it could bring something very special to the area.
“It is vital that we continue to offer support to kick-start new development, attract further investment into the Cultural Quarter and help make this area even more attractive to visitors”