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Major Kingsway building set for homes and business overhaul

A key building at the heart of Swansea city centre is set to get a major overhaul, bringing new homes and business opportunities to The Kingsway.

1214OxfordSt

The structure - on a corner of the Kingsway Circle - will go up from three to five storeys and will face one of the main green spaces planned as part of the Kingsway urban park project which will result in a net gain of 170 trees in the immediate area.

Swansea-based developer Peter Loosmore, of the city's St Marys Square Developments, was given planning permission to change 12-14 College Street by city planners on May 1.

He is now working with Swansea Council to secure European and Welsh Government grant funding to help finance the development. He plans to re-name the property Kings Buildings.

Mr Loosmore said: "The Kingsway is being transformed into a people-friendly location, full of trees and other greenery - it'll be a great place to live and do business and that's one reason why our plans for the property on College Street and Princess Way, are so exciting.

"The building will have 28 large residential units on the upper three floors, including a new fourth and fifth floor.

"The homes will be a break from the norm, providing large two- and three-bedroomed apartments targeted at young professionals and families.

"We have seven ground floor units where we currently have some great tenants in occupation and with whom we'll be working alongside. Of the empty units we've had strong interest and - at this point - have three of the four empty units under offer.  

Swansea Council leader Rob Stewart said: "This is great news for The Kingsway and for our wider regeneration plans.

"We want to make the city centre a wonderful place in which to live, work and spend quality leisure time. In the near future it'll have much more green space and many more residents.

"The Kingsway is undergoing a £12m transformation with much of it set to be an urban parkland, with dozens of new trees and new grassed areas. The people who will, in future years, live, work and shop at 12-14 College Street will be able to take full advantage of the new environment.

"I applaud Peter Loosmore on this initiative; other private sector investors are also joining the council and our partners in offering a tremendously exciting future for our city."

The College Street building, which will remain in place and be extended to the rear, is between the building which once housed the former Barons nightclub and the building which now houses The Gym.

The existing Awa restaurant will remain and, above Mr Loosmore's neighbouring new commercial units, will be a studio flat, 14 one-bed apartments, 10 two-bed units and three homes each with three bedrooms.

A new entrance for the apartments will be created in the unit formerly occupied by the Crossfire internet café. This will also house an office for 7 Lettings who will manage the block.

The building, directly opposite The Dragon Hotel, will face an area of Kingsway parkland and a new two-lane road which will replace the existing four lanes of traffic.

Pictured Rob Stewart, left, and Peter Loosmore outside 12-14 College Street.

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