Check out these pictures of Islington Square, the 'new Covent Garden' they're building in North London
Will MartinDec 21, 2015, 15:43 IST
Alex Lawrie/Lawrie Cornish
Islington Square is a huge new development being built in North London, taking inspiration from the West End's Covent Garden. It is intended as a destination for people to eat, shop, and sleep in the capital.
It will also contain hotel-style "serviced apartments."
The project will be undertaken by Sager Group, a London-based property developer, and private investment firm Cain Hoy and include 108 apartments, taking up more than 58,000 square feet in a century-old former Royal Mail building.
According to Giris Rabinovitch, the CEO of Sager Group, "Islington Squareis one of the most prestigious regeneration projects in London, and will provide an exciting new Covent Garden style destination for the capital. The serviced apartments are perfectly located for business visitors and tourists alike."
Here are some images of what the new development will look like once it's finished.
The new development will be built on the site of a former Royal Mail centre, just off Upper Street in Islington, North London.
The £400 million project will transform the old Royal Mail buildings into what Sager's CEO calls a "new Covent Garden," home to high-end shops, restaurants, and places for tourists to stay.
Like Covent Garden, Islington Square will have a retail area, linked to Upper Street, which will provide shops, cafes, and bars that will be "a little different from the high street," according to the developers.
Building at Islington Square has already started, and it is expected that the entire complex will be finished by sometime towards the end of 2017.
Upper Street is already a pretty popular place to go for drinks or dinner. Its nickname is "Supper Street" because of the number of restaurants on the street.
One of the biggest parts of the development will be 108 new "serviced apartments". The apartments will be housed in an old Edwardian sorting office at 8 Ester Anne Place. It was first built in 1904 by architect Jasper Wager.
A serviced apartment provides an "alternative to both hotel accommodation and the shorter-term rental market, as it has the flexibility of a hotel but with favourable rates for longer stays."
Essentially you get all the benefits of a hotel — stuff like a concierge, maid service and a mini bar — but with lower rates. All the apartments come with huge bedrooms like this one.
They also come with spacious living rooms, big bathrooms, and full kitchens, something that you don't tend to get in a proper hotel. Serviced apartments are pitched at both business travellers, and tourists.
The centre of the apartment complex will feature this Zen Garden, accessible to all guests, and designed to help guests chill out after a long day.
People living in the apartment complex will be able to use a lounge area in the building including a bar, as well as having access to a health club, and gym within the Islington Square development.