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PRIVACY
Commercial Property

Mystery over why work on £50m waterfront development has stalled

Double hotel and apartments skyscraper was supposed to be well under way by mid 2019 - but the site remains empty

Weeds are the only sign of life at the site of the proposed 1620 hotel and apartment towers(Image: Penny Cross / Plymouth Live)

Mystery surrounds a £50million hotel and condo development which is supposed to be ready in time for Plymouth’s Mayflower 400 celebrations in 2020.

With the start of the year-long commemoration of the voyage to America only months away, work has yet to begin on the site of the double block on a prominent position on Plymouth’s world famous Hoe.

The stasis comes more than a year after developers said construction would commence in 2018 and the buildings would be out of the ground, with the hotel even being open and trading, before the close of 2020.

But the site is still a level piece of ground and Henley Real Estate, the firm behind the plans for the 11-story hotel and a 15-floor apartment block, has gone quiet and not responded to emails and phone inquiries from Business Live.

No work has started at the site earmarked for a £50m development(Image: Penny Cross / Plymouth Live)

Sources in the Plymouth hospitality industry are even saying a major hotel chain is circling and wants to snaffle the land and build its own hotel.

Meanwhile, apartments in 1620 The Residencies, as the block of flats is being called, are already advertised for sale, with a two-bed apartment available off-plan at £467,500.

Henley Real Estate said in May 2018 it would name a contractor and get cracking that year, saying that though the timescale was challenging it was confident it would hit it.

But the firm was then mired in a planning wrangle which delayed the start of building work, and even though this was sorted out in May 2019, when Henley Real Estate won a planning appeal, nothing has happened on site since.