Leeds skyscraper development, the Lumiere, has been put on hold until economic conditions improve as the amount of available buyers for city centre apartments has all but dried up in the past few months.
Groundwork and early construction work was already underway on the site that once completed would see a couple of towers - one 172 metres tall and 55 storeys and a shorter at 113 metres tall and 33 storeys.
Already sensing problems, the developer KW Linfoot has tried to maximize the amount of money that can be made from the project thanks to falling margins by reducing the floor-to-floor height of each level by 5 centimetres.
The combined effect over the entirety of the building allowed them to add another floor of apartments into a building envelope almost the same size as before, but despite this last gasp effort it has clearly not been enough value engineering to allow the project to proceed.
With the contractors now due to come off the site almost immediatley, there's no date now on when work will begin again on the construction of the Ian Simpson designed project. Engineers working on the scheme expect the delay to be at least 18 months before things get going again - enough time for the slumping residential market to have bottomed out.
This is not necessarily the end of the world, Bridgewater Place, the current tallest building in Leeds, was put on hold and redesigned delaying its eventual construction by several years.
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