Construction has been delayed on a pair of ‘landmark’ towers in Birmingham due to the recession-triggered crash in the housing market.
The 30-storey buildings, for which no architect had been appointed, were part of the £600 million redevelopment of New Street Station (pictured), which is being masterminded by Foreign Office Architects.
The towers, as well as a shopping centre, were to be built with private sector investment, while the revamp of the station received funding from central government.
But in view of the collapse in the market for apartments and office blocks, Network Rail has asked the city council’s planning department to put the towers project on hold.
However, the preparatory construction work on the rest of the New Street Gateway redevelopment will begin next month.
A Network Rail spokeswoman said: “We are still committed to building these towers, but it would be difficult during the economic downturn.
“We did not want to delay the whole Gateway project. Birmingham has waited long enough for this.
“Our planning application is a practical measure which allows us to split the development into two phases, the station and shopping centre first and tower blocks later.”