Allford Hall Monaghan Morris’ White Collar Factory project in Camden has been cast into doubt by plans to revamp Euston for HS2
The £32.7 billion High Speed 2 (HS2) railway project, given the go-ahead by government earlier this week, would see Euston train station expand by up to 16 metres westward to become the service’s new London terminal.
Construction could start in 2017, taking seven to eight years and starting on the west side of the station.
Simon Allford of AHMM said: ‘Will know more in a month or two but we have known of HS2 for a long time and the project is at an advanced stage of design.’
He added: ‘Hope springs eternal!’
Derwent believes the site could be compulsorily purchased for up to £100 million if HS2 goes ahead, reported The Daily Telegraph.
The developer raised concern over Euston’s redevelopment when it gave evidence to the Transport Select Committee last year.
It said: ‘The proposed extended terminus for Euston will have significant implications to the surrounding area in terms of long-term blight and the damaging effect this will have on the area.’
The 29,000m² mixed-use office and residential scheme features a ten storey tower and has already won planning permission.
A 1.95 million conversion of a 1960s warehouse by Halliday Clark and completed in 2009 could also be demolished.
The Grade II*-listed headquarters of the Royal College of General Practitioners is also in the path of the new building.
Jestico and Whiles’ studio is similarly within HS2’s proposed footprint and could be cleared. John Whiles supported the new railway but said Euston’s redevelopment left the company in ‘limbo’.
He added: ‘We would like to stay in the area because we are all very familiar with it and its near to the RIBA, AA and the building centre.’
Department for Transport reports published earlier this week acknowledge Euston is ‘one of the most complicated areas of HS2 to construct’ and requires ‘demolition of a number of existing properties on the western side.’ Euston’s redevelopment could create up to 2,000 new jobs, the department predicted.
A double-decked new Euston station was ruled on the grounds it would be 15 per cent to 20 per cent more expensive and ‘more difficult to navigate’.
Architects have yet to be appointed to work on the redevelopment however in March 2010 Terry Farrell revealed plans to transform the terminal into a ‘super-station.’
The Department for Transport and HS2 were asked to comment.