A LANDMARK town centre building will be transformed into 46 apartments as part of a huge regeneration project.
Threadneedle House, which was previously occupied by Barclays Bank, the Job Centre and the HMRC tax office, was given the the go-ahead by Redditch Borough councillors to undergo a complete overhaul.
The ambitious plans by Casper Developments will include seven one-bedroom apartments, 31 two-bedroom flats and four three-bedroom flats on the ground floor, first floor and second floor of the Alcester Street building.
A further four apartments will be set into the roof, while 20 designated parking spaces will be available at the back of the building with the remaining apartments given a discounted fee at the Kingfisher Shopping Centre’s Car Park 2.
The Post Office will stay but the outside of the building will undergo modernisation, including enclosing the current walkway which runs alongside the building.
The site, which was built in the 80s and was originally owned by Redditch Borough Council, previously had restrictions placed on it meaning it had to remain as offices and a Post Office.
However in February this year, councillors agreed for these conditions to be lifted in a bid to widen their chances of selling it after Barclays moved out in 2011.
Developers said the project would help increase footfall and activity levels outside traditional retail trading hours, while the external changes would make the building look more attractive.
They added the plans would also support and boost the vitality and viability of the centre.
Bill Hartnett, Leader of Redditch Borough Council, said it was fantastic news for the town.
“It will rejuvenate and revitalise the town centre.
“It is always good to have people living in the town centre, it is really good news, and it will bring a bit of injection of life back in to the centre.”