£3 billion.
As of November 2017, development costs (mostly from construction) reached £3 billion, and the 900 homes and roughly 279,000 m2 of commercial space had been provided. Arguably though, King’s Cross’ economic regeneration could have been even more successful.
Who funded the Kings Cross regeneration?
Backed by Argent, one of the UK’s best respected property developers, and Hermes Investment Management on behalf of the BT Pension Scheme. Argent is the asset manager for King’s Cross.
How much did Kings Cross station cost?
The station was developed in two phases and involved the construction of two railway buildings. The land acquired for the station cost £65,000, while construction cost £123,500.
What regeneration has happened to Kings Cross?
King’s Cross Central is the regenerated, master-planned part of King’s Cross, comprising around 2,000 new homes, which is near completion.
When was Kings Cross regenerated?
The work was carried out between 2007 and 2017. The King’s Cross redevelopment comprised a transformation of a 27 hectare area surrounding the former Goods Yard, Regent’s Canal, 19th century railway structures and a former Gas Works, all located to the north of King’s Cross Station.
What was Kings Cross like before regeneration?
An area in decline
Post World War II, the area went into decline and by the late 20th Century, the “railway lands” had become a symbol of blight and decay, with derelict and disused buildings, railway sidings, warehouses and contaminated land. It was also the stomping ground of many a 90s clubber.
Who owns the Kings Cross Estate?
the King’s Cross Central Limited Partnership
The King’s Cross estate is owned by the King’s Cross Central Limited Partnership. The public areas and many of the buildings are managed and maintained by a specialist team – King’s Cross Estate Services.
How much did London’s Crossrail cost?
18.8 billion pounds
Delayed by issues with safety testing and signalling systems, even before the onset of the pandemic, Crossrail has opened three and a half years late and more than 4 billion pounds over budget for a total cost of 18.8 billion pounds ($23.6 billion).
Who is buried under Kings Cross station?
According to folklore, King’s Cross is the site of Boudica’s final battle and some sources say she is buried under one of the platforms. Platforms 9 and 10 have been suggested as possible sites. Boudica’s ghost is also reported to haunt passages under the station, around platforms 8–10.
How much did the Jubilee line cost?
3.5 billion
The Jubilee Line extension was one of London’s biggest engineering projects to date and cost over 3.5 billion, making it one of the most expensive projects in the world at over 4 million per metre of its 16km length.
What happened at Kings Cross 34 years ago?
More than 150 firefighters and 30 fire engines were called to a blaze at King’s Cross station at on the evening of 18 November 1987. The blaze, which is thought to have started around 7:25pm, when a lit match fell through a gap on a wooden escalator and set fire to the grease and litter beneath the steps.
What was Kings Cross originally called?
Battle Bridge crossroads
Much of the land to the north of the canal remained open fields. In a move to raise the rather tarnished image of the area, a statue of King George IV was erected at the Battle Bridge crossroads in 1830. The statue attracted ridicule and was demolished in 1842, but the new name for the area – ‘King’s Cross’ – stuck.
Does Kings Cross still exist?
Kings Cross exists in Sydney’s imagination as much as it does in any physical form. Since the 1940s, it has developed an almost mystical reputation as the centre of Sydney’s seedy red-light district, attracting thrill seekers, party-goers and the down-and-out equally.
When did Regeneration start in the UK?
From relatively modest beginnings in the 1980s, regeneration has become a tool applied in almost all urban areas in the UK, reaching a peak of activity in 2008 before the property bubble burst as a consequence of the global economic collapse. Regeneration is, however, a somewhat ambiguous term.
When did Liverpool get regenerated?
The design and regeneration of Liverpool In general, the types of development that have taken place in Liverpool reflect urban design principles which emerged in the UK during the 1980s.
Is the regeneration of Kings Cross an example of sustainable development?
Living examples of sustainable projects can make things happen! They bring out key learnings and sustainability practices from live projects which can used by other businesses, projects and local communities. The King’s Cross regeneration project, known as KX, is definitely one such example.
What was Kings Cross like in the 90s?
In the 1990s, King’s Cross drifted into decay as arguments raged over the best course of redevelopment shock therapy to apply to the industrial hub. Thankfully for the ravers of Coal Drops Yard, the answer was none: at least not for a few glorious years in the early part of the decade.
What is Kings Cross like now?
Today, Kings Cross offers a host of activities and attractions, including lively bars, restaurants, clubs, and cafes. As well as offering cultural attractions during the day, the area bursts into life at night, bringing a whole other side of the city to visitors.
What is being built at Kings Cross?
Tech giant Google’s “landscraper” is rapidly taking shape at King’s Cross, with topping out expected in the first half of 2022, according to the company.
Who owns the Lighterman?
The Lighterman is named after Victorian-era workers who operated flat-bottomed goods barges called “lighters” on the River Thames and on London’s canals. The British all-day menu at the venue will be overseen by executive-chef Diego Cardoso who joined Open House, the firm behind Percy & Founders, in 2014.
Who owns the Kings Cross Hotel?
Developer Phillip George spent nearly $30 million acquiring the properties, including $10.2 million for the old Soho site from hotelier Andrew Lazarus in 2016.