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Brewery site rethink as new flats fail to sell

posted 7 Sep 2009, 07:23 by David Rintoul   [ updated 31 Oct 2009, 08:32 ]

The consortium behind the massive regeneration of part of the former Fountain Brewery is set to go back to the drawing board after selling just one flat in four months.

The first batch of completed flats in the Springside development were brought on to the market at a glitzy launch event in April.

Since then, only one has been sold and developers have been forced to reduce prices by up to £20,000 as dozens of homes lie empty.

The Springside consortium today insisted that it will continue to develop the site but says it is now in discussions with planners about how it can alter the central part of the site, which was to include hundreds more flats.

Student flats, affordable housing and a hotel are among the current options.

Continued...

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