Year's delay on Waterfront work

Work on the mothballed block of flats at the Waterfront's Regatta Quay development is not expected to resume until at least the summer of next year, developers said today.

IPSWICH: Work on the mothballed block of flats at the Waterfront's Regatta Quay development is not expected to resume until at least the summer of next year, developers said today.

Block A of the project, which will provide around 240 homes, was put on ice last year because of the credit crunch.

Graeme White, managing director of City Living Developments, said it would require a “crystal ball” to predict when conditions would be right to continue building on block A.

But he said: “I would like to think we would be doing something there by the autumn or summer next year.”

He said the company has also been forced to reassess its strategy in light of the downturn. This may include converting some of the flats in Block A into office or retail space.

He added: “We are not sitting on our hands. We are being creative and have got backing from the council to look at change of use. There is pressure from the banks to keep revenue flowing.”

Most Read

Construction on two of the other three blocks - C and D - continued as normal and is complete. These contain 114 flats, of which 40 are now occupied.

Block B has been earmarked for a hotel and affordable apartments. A new theatre - The Witchbottle for the Red Rose Chain - and shops are also expected at the site once it is fully finished.

Are you concerned about the state of construction on the Waterfront? Write to Your Letters, The Evening Star, 30 Lower Brook Street, Ipswich, IP4 1AN or send us an e-mail to eveningstarletters@eveningstar.co.uk