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Discussion Starter #1 (Edited)
More speculation Co-op Department Store
building could become a hotel

by Peter McCusker, The Journal, February 23rd 2011



TWO rival developers are said to be involved a bidding war for an historic Newcastle building which they both want to turn into an hotel. The Co-op Department Store building on Newgate Street is believed to be attracting bids in the region of £5m which is well off the £20m asking price when it was put up for sale in 2006.

Four years ago this week on February 20, 2007, the Co-op department store, with the exception of the ground floor food store, closed after 75 years of trading from the same city centre spot.

The Co-operative is talking to several potential partners about the Newgate Street building but no decisions have been made. The Co-op spokesman went on to say that no sale was imminent.

The art deco building, which opened in 1932, comprises of 64,000sq ft featuring the Rainbow Rooms on the third floor. This is a four-room suite which has hosted ballroom dancing and wedding receptions and would be ideal for hotel dining and conference facilities.

The Newcastle hotel market is particularly buoyant at the moment with three hotel schemes currently under construction and a further five expected to start in the next 18 months.

Jessica Roberts, head of business tourism at NewcastleGateshead Initiative, said: “NewcastleGateshead has a wealth of accommodation options and this is set to grow with planned hotel developments over the next three years; new properties under development by major brands include Sandman Signature, Euro Hostel and Jurys Inn.

Irish developer McAleer&Rushe have planning permission for three hotels on the site of the existing Newgate Street shopping centre. Newcastle developers Silverlink plan to build a 250-bedroom hotel at the Stephenson Quarter, near the Central station and a £20m Hotel Indigo has been earmarked for Eagle Star House building, in Fenkle Street.


Read More - http://www.nebusiness.co.uk/commerc...could-be-converted-into-hotel-51140-28214226/

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More speculation Co-op Department Store
building could become a hotel

by Peter McCusker, The Journal, February 23rd 2011


TWO rival developers are said to be involved a bidding war for an historic Newcastle building which they both want to turn into an hotel. The Co-op Department Store building on Newgate Street is believed to be attracting bids in the region of £5m which is well off the £20m asking price when it was put up for sale
Good to read that there are still discussions/negotiations going on in the background but I often wonder if the fact the Newgate Street building is Listed is putting developers off?
 

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Good to read that there are still discussions/negotiations going on in the background but I often wonder if the fact the Newgate Street building is Listed is putting developers off?
Any bog standard developer/architect can design a building for a cleared site. It takes skill, experience, and know how to adapt a well loved Listed Building into another use. Lets hope we get one of the latter.

Newcastle is full of listed buildings that have been converted into other uses. It may take a bit more of an effort and time for all those concerned but the city is better off for that.

Cheers
GBDT
 

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Last year NCC said they were interested in making it a 5* hotel, then Shiggy a few weeks ago put us on the track of it becoming a hotel. 5* would be great but I would be surprised if it was a 5* hotel. Anyway so long as this building is going to good use then I'm more than happy.
 

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Good to read that there are still discussions/negotiations going on in the background but I often wonder if the fact the Newgate Street building is Listed is putting developers off?
Plus the listed nature of the building meany any would-be developer will have to factor in extensive refurb costs into the purchase, which may explain why they are falling way, waaay short of the asking price. I cant imagine the interior is in any way up to scratch after so long out of use, it may be a case of only retaining the facade. Does the listing extend to the ballrooms etc?
 

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Discussion Starter #6
Plus the listed nature of the building meany any would-be developer will have to factor in extensive refurb costs into the purchase, which may explain why they are falling way, waaay short of the asking price. I cant imagine the interior is in any way up to scratch after so long out of use, it may be a case of only retaining the facade. Does the listing extend to the ballrooms etc?

I do hope that they are able to retain the interior of the old Department Store (it will be protected by the listing) as this is almost as good as the exterior, as was shown in the photos on this post dated 26th January 2010, from the Department Stores thread . . .

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The Newcastle "Co-op Department Store".
(Part Two)


1 - Some 'external' shots of the main Newgate Street premises . .








2 - Some 'internal' photos of the main Newgate Street premises, that may stir some memories. What an elegant building it is internally (as well as externally) the windows, stairways, etc . .








Photos courtesy of . .
TIMMONET NEWCASTLE PHOTO ARCHIVE
http://www.timarchive.freeuk.com/index.htm
 

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Plus the listed nature of the building meany any would-be developer will have to factor in extensive refurb costs into the purchase, which may explain why they are falling way, waaay short of the asking price. I cant imagine the interior is in any way up to scratch after so long out of use, it may be a case of only retaining the facade. Does the listing extend to the ballrooms etc?
If a building is listed then the whole building is protected.

The Listing text is as follows;

Building Name: Co-operative Stores
Parish: Newcastle Upon Tyne
District: Newcastle Upon Tyne
County: Tyne And Wear
Postcode: NE1 5RG
LBS Number: 304744
Grade: II
Date Listed: 30 March 1987
Date Delisted:
National Grid Reference: NZ2453664337

Listing Text:

NZ 2464 SE NEWCASTLE UPON TYNE NEWGATE STREET (West side)
Co-operative Stores
20/419
G.V II
Department stores and offices. 1931-2 by L G Ekins, C W S Architect, for Newcastle Co-operative Society Ltd. Steel frame; Springwell sandstone ashlar; green mosaic top tower storeys; green pantiled roof. Curved site round corner of Darn Crook (now St. Andrew's Street). Art deco style. 4 storeys and attics with 2 towers; 6:1:15:1:7 bays, 30 bays in all. The 3 left bays are an addition of 1959 in replica. Entrances in tall square towers which have 3 full-height windows, with vertical and diagonal glazing bars and tall opening lights; stepped tops under set-back fluted band; set-back top storey has horizontal windows with decorative glazing bars; wrought iron crestings. 15, bays between towers have altered ground floor windows; giant pilasters above support deep fascia and wrought-iron wave-patterned balcony. On top floor columns with lotus capitals in front of all tall casements with fish-scale glazing bars in overlights; other windows casements with glazing bars. Left bays in plainer style have 2 square-headed dormers. Right curved corner bays have central panel on first and second floors containing shallow canted bay; dormer above has fluted stone pilasters; plainer dormers over end bays. Left tower has barometer; right has clock with the letters C O O P E R A T I V E in places of figures. Interior has marble staircases with marble balustrades: steel handrail carried on small figures in flowing style: marble-clad walls to stair wells with shaped door surrounds. Corner display-cases have decorative glazing bars. Historical note: at the opening in 1932, the distinguished guest was presented with a television set. Source: Newcastle Evening Chronicle, September 5, 1932, p.8.


Listing NGR: NZ2453664337



Cheers
GBDT
 

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With the internal art deco features restored, they could add huge amounts of character to a hotel. Imagine walking in to an opulent art deco lobby, the first impressions that would leave. It could have all the feel of a proper old New York hotel! I think there's a lot of potential in the idea of converting this to a hotel, but they've gotta do it right. They have to make the most of and enhance the art deco features and it really needs to be at least a four star. I wonder if they can salvage any art deco features from the old odeon before it's pulled down...
 

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If a building is listed then the whole building is protected.

The Listing text is as follows;

Building Name: Co-operative Stores
Parish: Newcastle Upon Tyne
District: Newcastle Upon Tyne
County: Tyne And Wear
Postcode: NE1 5RG
LBS Number: 304744
Grade: II
Date Listed: 30 March 1987

Interior has marble staircases with marble balustrades: steel handrail carried on small figures in flowing style: marble-clad walls to stair wells with shaped door surrounds.
GBDT
So glad the little men carrying the hand rail are protected by the Listing - one of my favourite features of the Coop Store.

I've always wondered why such a commanding building wasn't given a name?



 

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Discussion Starter #10 (Edited)
Newcastle Co-op Department Store to become £12m hotel
by Peter McCusker, Evening Chronicle, July 12th 2011


The Co-op building covered in bunting for the Queen's coronation in 1953

ONE of Newcastle’s landmark buildings is set to be turned into a 230-bed hotel after a £12m sale was agreed with a consortium of wealthy tax exiles.

Depending on the conversion plans being approved, work will start on The Co-op building in Newgate Street, later this year. The former Department Store closed over four years ago and all but the ground floor has remained empty since.

The Chronicle understands the conversion will include a 230-bed hotel, a restaurant, retail on the ground floor and a gym. A spokesman for The Co-operative Group said: “I can confirm we are in discussions with a prospective buyer over the sale of the former Co-operative Department Store on Newgate Street in Newcastle.

NE1 chief executive Sean Bullick said: "This is an amazing building with a special interior and an spectacular exterior and will be a fantastic addition to the area". “It will complement The Gate on one side and the extension to Eldon Square on the other, and further complement all of the exciting developments which are taking place in that western quarter of the city.

The Newcastle and Gateshead hotel market is particularly buoyant at the moment with four hotel schemes currently under construction and more expected to start in the next 18 months.


Read More - http://www.chroniclelive.co.uk/nort...ecome-12m-hotel-72703-29036599/#ixzz1RtcZ1T59

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Discussion Starter #11
Half-price deal for Co-op Department Store
after property market falls

by Peter McCusker, The Journal, July 13th 2011


THE prospective buyers of the former Co-op department store in Newcastle city centre have sealed the deal for less than half its original price.

It emerged yesterday that the landmark Newgate Street building had been conditionally sold for £12m for conversion into a hotel and other leisure uses.

When it was first put up for sale in 2007 it had a £25m price tag but since then property values nationwide have plunged.

Overseas investors looking for a safe haven for their cash are understood to have bought the building from the Co-op, subject to receiving planning permission from Newcastle City Council.

The finance is in place to convert the Grade Two-listed building into a hotel, gym and restaurant with shops on the ground floor. It is understood a pre-let agreement has been signed with a hotel operator which wants to create a 230-bed business.


Read More - http://www.nebusiness.co.uk/commerc...op-after-property-market-fall-51140-29039694/
 

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Discussion Starter #13
Newcastle Co-op Department Store
conversion plans now submitted

by Peter McCusker, The Journal, August 3rd 2011


PROPOSALS have now been submitted for the conversion of the former Co-op Department Store building in Newcastle City Centre into an hotel and associated leisure uses.

90% of the space is either let, or close to being let.

Newcastle-based Merchant Place Developments has been instructed by a consortium of wealthy tax exiles to develop the project and, this week, submitted plans to Newcastle City Council.

The Grade II-listed, six-storey Co-op building on Newgate Street, will be redeveloped to form a 231-bedroom hotel, restaurants, retail outlets and gym.

Around 90% of the development, which is being marketed by Cushman Wakefield, is pre-let or at advanced stages of letting.

William Grafton, project director at Merchant Place, says the 150,000sqft redevelopment offers an “exceptional opportunity” to bring back to life one of the most famous buildings in central Newcastle.

The project has been designed by the Red Box Design Group, which was responsible for the award-winning conversion of the old Post Office Buildings in Newcastle about 10 years ago.

Andrew Clark, managing director, says a great deal of sensitivity was applied to the Post Office project. “We have approached The Co-operative buildings in a similar vein, such is its historic importance to the city and its iconic architectural status.”


Read More (Two Pages) - http://www.nebusiness.co.uk/commerc...op-conversion-plans-submitted-51140-29163927/
 

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Discussion Starter #16
Newcastle Co-op Department Store
conversion plans now submitted

by Peter McCusker, The Journal, August 3rd 2011

PROPOSALS have now been submitted for the conversion of the former Co-op Department Store building in Newcastle City Centre into an hotel and associated leisure uses.

90% of the space is either let, or close to being let.

The Grade II-listed, six-storey Co-op building on Newgate Street, will be redeveloped to form a 231-bedroom hotel, restaurants, retail outlets and gym.

William Grafton, project director at Merchant Place, says the 150,000sqft redevelopment offers an “exceptional opportunity” to bring back to life one of the most famous buildings in central Newcastle.

The project has been designed by the Red Box Design Group, which was responsible for the award-winning conversion of the old Post Office Buildings in Newcastle about 10 years ago.

Read More (Two Pages) - http://www.nebusiness.co.uk/commerc...op-conversion-plans-submitted-51140-29163927/

This "Artists Impression" appeared in the hard-copy of this mornings Journal. Not particularly revealing because - quite rightly - the building looks pretty much the same as it does now, and always has . . .

 

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This "Artists Impression" appeared in the hard-copy of this mornings Journal. Not particularly revealing because - quite rightly - the building looks pretty much the same as it does now, and always has . . .
Yes saw that this morning and my immediate thought having see the drawing was to whether it is planned to retain the clocks on the towers?
 

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It'd be a shame if there were any significant changes to its exterior, but since it is listed, I suppose that isn't going to happen.

And I've only just noticed, after looking at the plan from the previous page, how much the building looks like Selfridge's on Oxford Street. Obviously they're in a similar art deco style but it only just struck me now.
 
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