Last Friday (12 September) it was revealed that the developer behind the £150 million residential scheme – Asquith Properties, which won a competition to take on the Manchester Road site in 2006 – had gone into administration.
Speaking to the local press, company director Russell Baker blamed ‘the worst economic climate in living memory’ for the outfit’s demise.
The 21,000m2 mixed-use development would have stood on the site of the now-demolished 1960s Reyner House complex, and would have created 729 new homes – most of which were labelled 'luxury' apartments.
Howells previously designed a smaller 20-storey block for the plot but was asked to come back with a significantly larger design. The revised plans were unveiled back in April 2007 but now look likely to remain on the drawing board.