Enabling works are about to start at Olympia House, the former Passport Office building in Newport city centre.
Richard Hayward Properties, in a joint venture with The Tonstate Group, is due to start the work which will include clearing out internal areas and removing asbestos, ahead of submitting a planning application before the end of the year (2014). The JV partners are currently finalising plans to transform the prominent, 9-storey building into residential units for private rental, on the upper floors, with retail uses, on the ground, first and second floors.
Built in the 1960s, the 90,000 sqft Upper Dock Street building currently consists of 13 retail units and six floors of office accommodation above. The new plans will see it converted into up to 60 apartments with shops & restaurants on the first three floors.
RHP is currently in discussion with existing ground floor occupiers.
Principal of RHP, Richard Hayward said:
“Olympia House is one of the largest buildings in Newport. Its redevelopment as an apartment block will support the regeneration of the city, bringing residents back into the centre, creating improved vibrancy and a greater sense of community. This is one of a number of projects that we are working on in Newport which are supporting its regeneration, creating jobs and acting as a catalyst for further investment by others.”