More good news: building work will soon be restarting on the ‘IYLO’ tower at the north end of Wellesley Road.
The original investor got into financial difficulties in June 2011 and the site has been left boarded up for the last two years, doing no good whatsoever for the town’s reputation.
Work will restart shortly following the conclusion of successful negotiations between the council and the building’s new owner, Regency Homes, who purchased the half-built construction project – now known as Island – last year.
Croydon planning officers have spent the past few months in detailed discussions with representatives of Regency Homes to ensure the scheme was viable and all the necessary agreements were reached.
The new planning deal includes a requirement that all work is completed within two years so hopefully we’ll see some encouraging progress in the near future.