Old Candy scheme reappears as much smaller Sheppard Robson mixed-use development
One of London鈥檚 biggest developments is back underway after Iceland鈥檚 failed Kaupthing Bank agreed to revisit plans to develop the former site of Middlesex Hospital.
The controversial site was once part-owned by the Candy Brothers, who dubbed the development 鈥楴oHo Square鈥� after a property development in New York City.
Development halted after planners rejected the scheme and Kaupthing went into administration, after which the Candys swapped their 33% stake for a stake in a Beverly Hills development also owned by the Iceland bank.
Architect Sheppard Robson has been chosen to design the smaller development of 250 upmarket flats, 80 low-cost housing units, shops, a school and a medical centre has been proposed.
Kaupthing and minority investors Aviva and Exemplar have so far dropped the much-maligned 鈥楴oHo鈥� name, which was derided by residents around the site in Fitzrovia.
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