Developers, Tameway (Midlands), have spent more than 12 months regenerating the 14-storey Tameway Tower in Bridge Street, which was originally built as office accommodation in the 1970s.
The building has been given a new lease of life after being transformed into 145 contemporary apartments with part of the ground floor occupied by offices – and in honour of the landmark project, the tower has been renamed ‘Tameway Plaza’.
Having been completed several weeks ahead of schedule, Tameway Plaza’s grand opening took place on Thursday 1 August in the presence of the Mayor of Walsall, Councillor Paul Bott – and Arran Bailey, Managing Director of Tameway (Midlands), was thrilled with the way the project had come together.
He said: “The tower has needed a revamp for some time and we are absolutely delighted with the result. The transformation is incredible.
“The change from a dated office block into a contemporary apartment block has breathed new life into a building that’s been a landmark in Walsall for the past 40 years.
“We hope that the change of use from offices to apartments will create the kind of footfall that directly benefits this part of the town centre.”
Tameway Plaza, which is located a few minutes’ walk from the High Street, the Saddlers Shopping Centre and Walsall train station, now boasts a selection of high-specification one and two-bedroom apartments. With prices starting from £99,995, they offer contemporary open-plan living and dining spaces with large windows to enhance natural light and give views across Walsall.
Following two successful joint projects in Derby and Dudley, Tameway (Midlands) has been working alongside property investment firm, Prosperity Wealth, to market the development – and since the show home opened in January 2019, demand has been high from both owner-occupiers and the investment market.
Joe Billingham, CEO at Prosperity Wealth, said: “Walsall is a commuter town that is reinventing itself and Tameway Plaza is an excellent example of a good value, high-yielding property for investors.
“Since the opening of the show home, the appetite for apartments has been tremendous. Of the 145 apartments, 126 have already been sold and we are now looking forward to the first occupiers moving in at the end of September.”