Montreaux Homes, the home counties division of Montreaux Group, has secured the site with existing consent for three stories consisting of 22 apartments, undercroft parking, and communal garden space.
The site is situated in a prime residential location within the heart of Wokingham. It is located within a 10-minute walk of the station. During the 19th century, the area grew significantly and this is reflected in the Victorian character of the houses along Easthampstead Road.
The site itself was the location of the Art Deco Ritz Cinema which opened in 1937 and was considered one of the finest of its kind in the UK.
The historical significance of the site has been acknowledged by the developers and they are looking forward to working with the local authorities to ensure that the new homes will be something that contributes to the local vernacular.
James Rowntree, Managing Director of Montreaux Homes, said:
“Like our site in Sidcup, Urban Picturehouse, we understand the importance of developing on the former site of a landmark building. We look forward to bringing our experience to the scheme that has been approved, and working with the local authority to deliver amenity that the community will be proud of.”
There is a strong demand for apartments in the town, and with the proximity to the station and town centre, Montreaux believes the scheme will provide a popular and sustainable development offering balanced accommodation to suit a variety of needs. Montreaux is reviewing the current planning design as well as feedback from the council and community.
Montreaux creates landmark developments and tailor-made homes across London, the Southeast, and key UK cities. It procures land and buildings, often former brownfield sites in urban locations and close to public transport hubs, to usher in positive change to towns, cities, and communities.
The company has become one of the fastest growing property and investment companies in the Southeast since it was established in 2014. It vows to build with the end user in mind, develop homes people want to live in and places people want to go to, creating a legacy that lasts.
Speaking of the Wokingham site, Richard Rowsell MRICS, Land Director at Montreaux Homes, said:
“This site perfectly suits our mantra to ‘Build Back Better’, and we look forward to introducing high-quality housing, sustainable technology, and biodiverse garden amenity to the local area.”