New lease of life for former Sheffield steel works

New lease of life for former Sheffield steel works

​An old factory on the edge of Sheffield city centre is sparking back to life as a stylish complex of apartments and studios, thanks to our client City Estates.

Earlier this year we announced City Estates’ exciting plans to turn Speedwell Works on Sidney Street in to top quality rented accommodation for young professionals and students.

And now lettings are now being taken for 16 furnished two-bedroom apartments and 18 one-bedroom apartments and studios – and we were on hand this month to help spread the word.

Speedwell Works is the first phase of the £10 million Alsop Fields development, which will create offices for the high tech and creative sectors and places to eat and drink in an area between The Moor and Shoreham Street.

The new lease of life for Speedwell Works has been generated by sensitively renovating three storeys of former industrial premises around a central courtyard that is due to feature a café and two other commercial units next to the River Porter.

Once the Samuel Warren Speedwell Steel Works, the development is one of four buildings that will comprise Alsop Fields, a mix of new buildings and refurbished old factories being transformed by Elmsdale Estates and taking its name from an area around Sidney Street in the 18th century.

Leading Marketing Agency Jaywing have already moved into the old Albert Works, and Speedwell Works will be joined later this year by offices forming No. 77 @ Alsop Fields and Niche Buildings @ Alsop Fields, featuring 44 studios and apartments for students and other residents, plus three commercial units, on the site of the former Niche nightclub. The whole development is scheduled to be finished by the end of November this year.

The new apartments and studios are being let at a time when West One Accommodation, the residential lettings arm of City Estates, are reporting that their existing student and privately rented accommodation in and around the city centre is nearing full capacity.

Their portfolio includes Gatecrasher Apartments and studios at the corner of Arundel Street and Matilda Street, Hutton Buildings in West Street, West One in Fitzwilliam Street and Porterbrook Apartments off Ecclesall Road, which offer luxury accommodation to both professionals and students alike.

The courtyard at Speedwell Works has a similar feel, though larger, and built off the success of nearby Sellers Wheel and its hugely popular café, Tamper, which was also developed and is owned by the company.

You can read more about the development thanks to the media coverage we’ve had to date, with many of the local business outlets, including BDaily, BQ Live and BusinessDesk, picking up on the story.