Elphinstone Place Felled By Credit Crunch

Elphinstone Place Felled By Credit Crunch

Published on 15-07-2008 by Skyscrapernews.com
By far the biggest victim of the collapse of property developer City Lofts, looks like being the proposed 134 metre tall tower in Scotland, Elphinstone Place.

Originally developed by the Glaswegian property company it takes its name after, the scheme has been designed by Cooper Cromar who have worked on the project ever since it was called the Trinity Towers.

Elphinstone however, were not a large enough company to progress with the scheme on their own, even at the peak of the property cycle, and were only able to clear the site before they had to start looking for a partner in the joint venture.

City Lofts stepped in and with a successful track record of developments from Salford to Cardiff it looked like the scheme might finally progress. Unfortunately for Cooper Cromar rumours soon flew that they had been dropped for City Lofts regular architect, Conran & Partners and that the tower was being scaled down to perhaps 25 floors from a previous 39.

This doesn't mean that the tower is completely, totally off. City Lofts complex financing arrangements saw specific companies made for each of their developments, and in this case the vehicle is City Lofts St Vincent which has not gone to the wall.

Finance for the proposals are being handled by bankers Lehman who in the current climate of doom and gloom are unlikely to give them a penny. What happens next is anyone's guess, but the strategically placed plot that Elphinstone Place would have stood on will be much in demand from other developers making it likely the site will be sold on and something different, some day at least, will go up in its place.

For Glasgow overall, the outlook is rather more positive. Lacking the the oversaturation of city centre apartments that places like Leeds are plagued with , it missed out on the boom so is unlikely to be hit so hard by the bust.

Interestingly for Glasgow height buffs, with this project now defunct and Glasgow's tallest buildings, the Red Ro

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The Limey

Published on 16-07-2008 by Skyscrapernews.com
Rising in the heart of the City of London, just metres from its famous neighbour the Lloyds Building, is 10 Lime Street.

This is a new largely office development that also features two ground floor retail units, one sandwiched either side of the reception area aimed at becoming prime shopping space.

Rising above this are seven floors of office space with floor plates up to 677 square metres each. In all there will be 4,089 square metres of office space and 1,012 square metres of retail. Topping 10 Lime Street is a plant floor.

Allowing the floor plates to be as large as open as possible and clearly pitching them at a single company per floor, they are virtually column free with only two supports running through the length of the building vertically near the centre.

Designed by Rolfe Judd, stone cladding is featured throughout the lower floors providing tones that resemble many of the stone buildings on Cornhill, a rare move for an office building in an area where glass is gradually becoming the predominant material on modern office developments.

A roof profile that steps back on the top four floors substantially reduces the bulk of the building envelope from overpowering the nearby narrow streets. With the step backs, the top office floors reveal floor to ceiling glazing for their occupants to enjoy.

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