Leeds office development still reeling from recession

Six years before the economic world fell apart, Leeds city centre was designated as the location where all dreams could come to life, but as the agency behind the development looks over how far it is has come the answer is not very far at all.

By now there were supposed to be 3,000 new homes in a waterside village, alongside a new business district, with floor upon floor of new office space that would give back millions of pounds into the surrounding local economy.

However, plans have not proceeded as wished, as the development zone found to the north of the railway line and the south of Wellington Street, has continued to face problems since it was first conceptualized.

Since plans were drawn up for seven projects in the area, only two have actually reached their full development potential. Many of the other projects were halted due to the downturn in the economy, or some have simply been discarded since their inception.

The two projects that were completed, West Point along Wellington Street and City Island both took off as excellent schemes offering shared office space, but the construction phase of these two projects was completed before the economic recession became a fact of business life.

Others, such as the Green Bank development, have been scrapped by developers, while further schemes such as Lumiere, are simply on hold until proper funding is found. Lumiere is a set of two office towers that would become the tallest building in Leeds.

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