A £20m cash boost from a regeneration and heritage specialist will see the former industrial works become the city’s ‘coolest place to live.’
Capital & Centric plan to mix contemporary living with the Works’ centuries old original features for 100 new loft apartments and townhouses on Devonshire Quarter’s Milton Street.
A planning application should be determined by the end of the year, and residents may be able to move in by 2020.
Adam Higgins, co-founder of Capital & Centric, said: “Sheffield has such a rich heritage and we’ve been anxious to get our hands on one of its historic buildings. Eye Witness Works is a perfect first venture for us in the city, it has stacks of untapped potential but has become dilapidated over the years.”
“We take pride in retaining as much original charm as we possibly can, all the while delivering design-led homes that are a cut above some of the pokey, whitewashed flats you tend to find in our city centres.”
The former cutlery works was relocated to a modern site at Sheffield Parkway, and gave the council the opportunity to save the dilapidated building for future generations.
Mazher Iqbal, cabinet member for business and investment at SCC, said: “The Devonshire Quarter is a key part of the city and its regeneration is an essential part of the future of the City Centre.
“The area around Milton Street is currently a bit run down with several vacant sites.”
A newly-released artist’s impression of the prominent Milton Street elevation and the proposed café/bar on Thomas Street shows how the building could look once complete.
Capital & Centric have also redesigned historic places in Liverpool, Manchester and Salford.
Other redevelopment plans for Sheffield have been revealed this year as part of ‘Heart of the City II’, a £470m plan for hotels, shops, a food hall, public spaces and accommodation.
The plans seem to be a result of a growing gentrification trend in cities across the UK.