Finsbury Park £220million development ‘cornerstone’ of area’s regeneration
PUBLISHED: 13:29 25 June 2014
Images of an award-winning £220million scheme set to transform Finsbury Park have been released.
City North, the largest development in Islington since the building of the Emirates Stadium, will bring 355 new homes alongside a cinema, a supermarket, a health and fitness club and other shops, restaurants and cafes to the area.
Developers United House and City North Islington Holdings say the complex, flanked by two 21-storey towers, will be the “cornerstone” of Finsbury Park’s regeneration.
It will also provide step- free access to Finsbury Park station as well as helping to upgrade the station as a whole.
Nick Stonely, managing director of United House Developments, said: “This site is an integral part of the regeneration of Finsbury Park.
“We hope to start work in the later part of this year and the first phase of the development could be finished by late 2017, or early 2018.
“We already have people interested in the retail units including a major supermarket and 1,500 people have expressed an interest in the apartments.”
A three-bed apartment at the development, which will be bordered by Fonthill Road and Seven Sisters Road, will cost between £632,000 and £1.5m, with a studio apartment priced at a potential £380,000.
The development will also provide 47 “affordable” homes within the complex among planted roof terraces and a tree-lined piazza.
With penthouses offering 360-degree views overlooking the city skyline and Finsbury Park itself, the scheme’s architects Benson and Forsyth scooped Housing Project of the Year at The Sunday Times’ British Home Awards before the first brick had been laid.
Jack Morris, chairman of City North Islington Holdings and Business Design Centre Group, said: “We are absolutely committed to the delivery of a development of the highest quality that will transform Finsbury Park with a new and varied offer, as well as setting the standard for future development in the area. We are delighted to be part of such a vital regeneration project.
“As part of our ongoing association with the area, which has been long and distinguished, we will be partnering with other exciting local projects including the state-of-the-art building John Jones and the Park Theatre, which opened last year.
“Finsbury Park is becoming an area of artistic interest covering a broad spectrum of the arts”.