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Things Looking Up For Oceanique

As if it's a bolt from the blue, a couple of big property deals look like kick-starting the delayed Oceanique tower in Plymouth, the largest city in Devon.

Key to the scheme going ahead is the deal with the university of Plymouth to act as the landlord for the 253 student bedrooms that will fill part of the tower. The developer, Devington Homes, also expects to come to terms with Accor Hotels to occupy the hotel element of the project with a Novotel branded offering of 170 bedrooms, plus a budget Etap hotel under it offering a further 140 bedrooms.

Oceanique was proposed in at the height of the last boom back in 2007 and won planning approval with work originally due to start in 2009, however economic conditions prevented this from happening as the markets dried up.

As such the change of use in the scheme mirrors the differences between now and then in the economic climate. Oceanique was originally to have 172 luxury apartments which now appear to have been dropped from the plans. At the same time the reported project cost has fallen from 75 million to 55 million today.

Penned by Architects Design Group, if all goes to plan the development should see construction start in the second quarter of 2013. Once completed Oceanique will be almost twice the height of the 53 metre tall grade II listed Civic Centre, the city's current tallest.

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Oceanique

Oceanique
Civic Centre

Civic Centre
Oceanique, Plymouth
Oceanique, Plymouth