Ian Simpson Architect’s 52-storey skyscraper on the South Bank could be restarted if a deal is wrapped up to rescue the project from administrators
Developer St George is understood to be closing in on a deal to buy the site of the stalled Beetham Tower project on London’s South Bank.
The Berkeley Group subsidiary is in advanced talks over the site with the joint venture of Beetham Holdings and Russian property firm Mirax.
The £500m tower scheme – known as One Blackfriars – has had an uncertain future since being placed in administration last year.
Ian Simpson Architects with John Robertson Architects have produced a revised version of the original scheme, according to the project’s website.
It received the go ahead from former communities secretary Hazel Blears in 2009 and was expected to be substantially built by 2012.
Originally set to be 70 storeys high, the tower was redesigned in 2006 following criticism from CABE.