Latest news with #residentialconversion
Yahoo
12-08-2025
- Business
- Yahoo
One bed flats planned for one of town's oldest buildings
A SECTION of one of Shipley's oldest buildings could be converted into one bed flats if new plans are approved. The town's Conservative Club, also known as Shipley Old Hall, dates back to the 17th Century, and is Grade II listed. Now the Otley Road hall is the subject of a planning application to change the use of part of the building to residential, and to install new UPVC windows in the centuries old property. Located near the entrance to Shipley Rail Station, the building was recently sold and the new application to convert the property into residential use has been submitted by Majid Ali. The application says the work will 'improve an area that is currently in a derelict and unused state.' Painted windows at the former Shipley Conservative Club building (Image: T&A) The plans would see a section of the building, including its more modern extension, converted into five one bed flats spread out over two floors. Render on the more modern extension to the building would be covered with timber cladding. A more modern section of the former Conservative Club building (Image: T&A) Timber framed windows/doors would be replaced by UPVC framed double glazed units and composite doorsets. Five of the 30 parking spaces on the site would be allocated to the flats, including two EV spaces. The application says: 'At present the subject site is vacant and recently purchased by the applicant who would like to carry out refurbishment works including improvements and change of use to part of the property into flats. 'The applicant purchased this site for development purposes including bringing this Grade II Listed Building back into use that is subject to planning and conservation area consent. "The site is not currently in use and in need of refurbishment and is considered as being in a prime location for the conversion and development programme that is subject to gaining the relevant permission. 'No external alterations are proposed apart from the replacement of windows and doors that are in urgent need of upgrading due to their deteriorating condition and also to meet the current building regulations. 'The proposed change of use is aimed at preserving and making use of this historic property to provide a positive contribution to the area as a whole. The proposal will provide employment opportunities to support the local economy directly and indirectly. 'The proposal will improve the site area that is currently in a derelict and unused state.' A decision on the application is expected in October.
BBC News
23-07-2025
- General
- BBC News
Plan to create supported living facility in Scarborough approved
Plans to convert a large residential house into supported living accommodation have been given the application by Homemore Stay to create eight self-contained units at 30 Trinity Road was approved by North Yorkshire building previously contained a seven-bed house in multiple occupation, alongside three self-contained state the development would be managed by "on-site staff" between 08:00 and 18:00 seven days a week, with CCTV and on-call security outside of these times. Planning officers said the measures were considered to be "an appropriate level of management to serve the proposed facilities".The authority said a communal and training room, included as part of the scheme, would be delivered by registered charity, YMCA North to the Local Democracy Reporting Service an initial scheme had proposed converting the property into 11 units which were "significantly smaller than the nationally described space standards".However, documents showed room sizes in the amended scheme would meet the necessary criteria. Listen to highlights from North Yorkshire on BBC Sounds, catch up with the latest episode of Look North.
Yahoo
10-07-2025
- Business
- Yahoo
Vanbarton Group Closes on 1011 First Avenue with $250 Million Loan from Eldridge
Nearly 400,000 SqFt Building was Former Headquarters of The Roman Catholic Archdiocese of New York and Will Be Converted to 420 Residential Units NEW YORK, July 10, 2025--(BUSINESS WIRE)--Vanbarton Group, a privately owned, vertically integrated real estate development, investment, and advisory firm, today announced the acquisition of 1011 First Avenue for $103,000,000 from The Roman Catholic Archdiocese of New York. The loan is being provided by Eldridge Real Estate Credit, the real estate investing strategy of Eldridge Capital Management. The 20-story, nearly 400,000 square foot property has been the headquarters for the Archdiocese since 1973, and was known as the Cardinal Terrence Cooke Center. Vanbarton plans to convert the building into a 26-story, 420-unit luxury residential property, which includes 105 affordable housing units, nearly 8,000 square feet of retail at the base, and over 55,000 square feet of amenities. Vanbarton has established itself as one of the leaders in the rapidly growing office-to-residential conversion movement in New York City. Its most recent success with Pearl House—a conversion of 160 Water Street in the Financial District that launched last year and quickly leased up—has positioned the firm at the forefront of adaptive reuse. With several additional conversion projects underway or under contract—including 77 Water Street, 6 East 43rd Street, 2601 Elliott Avenue in Seattle, and the just completed Quincy at 980 Avenue of the Americas—Vanbarton is now bringing its downtown transformation momentum to the Midtown neighborhoods of New York City, as well as nationally. The Archdiocese of New York thoughtfully transitioned its Catholic Center to 488 Madison Avenue, a right-sized workspace that brings them closer to St. Patrick's Cathedral. After more than 50 years of faithful service from 1011 First Avenue, the Archdiocese recognized an opportunity to better align its physical presence with its pastoral mission. The move positions leadership closer to the Cathedral and the vibrant heart of Catholic life in New York, while allowing resources to be directed more intentionally toward the communities it serves. This transition reflects the Archdiocese's ongoing commitment to being good stewards of both its mission and its resources, particularly as a way to help address the ongoing housing crisis families continue to face. Eldridge Real Estate Credit invests in real estate credit opportunities throughout the US, UK, and Europe, including construction, transitional, and special situation opportunities across the capital structure. The platform has originated over $10 billion in loans, leveraging an experienced team with a disciplined approach seeking to create long-term value. "The addition of 1011 First Avenue to our portfolio marks a significant step in expanding our office-to-residential conversion efforts, building on the success of nearly two decades of converting underutilized real estate, encompassing over 5 million square feet and 5,000 residences," said Joey Chilelli, Principal at Vanbarton Group. "This transformation underscores our expertise in revitalizing existing architecture to create elevated residential experiences and reinforces our enduring commitment to innovation and community-driven development." "This transaction marks our first office-to-residential conversion in New York, a strategy we intend to grow," said Matthew Rosenfeld, Head of US Real Estate Credit at Eldridge Capital Management. "New York City is in need of quality new homes and we are proud to support Vanbarton as they unlock this asset's residential potential with creativity and vision." "This was the perfect opportunity at the right time for great partners," said Doug Middleton, Vice Chairman at CBRE. "The building will blend seamlessly into the area while serving its best possible use. As the Archdiocese moved to its new home, it presented an exceptional conversion opportunity that includes affordable housing, fitting naturally within a vibrant residential neighborhood. The Vanbarton Group has the experience and track record in these types of conversions to make this project a success for everyone involved." CBRE's Doug Middleton and Pierre Hills advised the Archdiocese on the sale, and Greenberg Traurig represented Vanbarton Group. About Vanbarton Group Vanbarton Group, founded in 1992, is a vertically integrated real estate investment and advisory Firm. The Firm manages private funds and programmatic ventures, employing diverse credit and equity investment strategies for global institutional investors. With a team strategically located throughout the U.S., Vanbarton Group maintains a comprehensive market presence and investment history, further enhancing its capabilities to source and manage assets as both an owner and lender. For more information, please visit About the Archdiocese of New York The Archdiocese of New York serves the pastoral and spiritual needs of 2.5 million Catholics in nearly 300 parishes throughout its three boroughs of New York City and seven counties to the north. In addition, there are 172 Catholic schools serving more than 53,000 students, and more than 400,000 individuals served each year through its Catholic Charities and affiliated agencies. About Eldridge Eldridge is an asset management and insurance holding company with over $70 billion in assets under management that consists of two divisions: Eldridge Capital Management and Eldridge Wealth Solutions. Eldridge Capital Management, through its subsidiaries, focuses on four investment strategies – diversified credit, GP solutions, real estate credit, and sports & entertainment. Eldridge Wealth Solutions, an insurance and retirement solutions platform, is comprised of Eldridge's wholly owned insurance companies, Security Benefit and Everly Life. Eldridge is wholly owned by Eldridge Industries. To learn more, visit View source version on Contacts Media Contacts: Vanbarton Group: Katherine Curkin katherine@ | 786-521-0310Archdiocese of New York: Chester Jesus Soria | 713-594-0641Eldridge: Abby Rex-Groves arexgroves@ | 201-274-6468 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
BBC News
24-06-2025
- Business
- BBC News
Broadway House flats in Bradford approved despite 'flood risk'
Part of a Bradford office building is set to be converted into flats despite a warning that it is unsuitable for residential use due to a "high risk of flooding".Broadway House, on the newly-pedestrianised area of Bank Street, is made up of ground-floor businesses and office spaces on its first, second and third this year, property developer Springer revealed plans to convert the upper floors into 28 works have now been approved by Bradford Council despite an objection from the Environment Agency, which said residential use of the building should be avoided because the site was within a flood plain. The agency told the Local Democracy Reporting Service the building's location meant there was a "high risk of flooding". "We recommend that planning permission is refused on this basis."We continue to urge planning authorities to follow national guidance to reduce flood risk and protect communities."When asked why the flats were approved despite the objection, a Bradford Council spokesperson said a flood risk assessment (FRA) had found the proposal "does not introduce unacceptable flood risks".They added: "The upper-floor location of the residential units significantly reduces vulnerability, and the development does not increase flood risk to the site or wider area."The FRA also sets out a number of flood risk mitigation measures that are to be implemented in order to ensure the impacts of any potential flooding are minimised. "Given these considerations, the proposal can be deemed acceptable in terms of flood risk." Listen to highlights from West Yorkshire on BBC Sounds, catch up with the latest episode of Look North.
