WORK on a prestigious housing project at Olton which stopped abruptly when the developer was hit by the credit crunch is set to restart soon.
The site in St Bernard’s Road, where a former convent is being converted into 12 luxury apartments, has been locked up and deserted for five months.
Hockley Heath-based Elegant Developments said it had had to call a halt to the £1 million scheme because of financial difficulties but was hopeful it could be resumed soon with new funding.
The St Bernard’s Road building, which is close to Olton Friary, was originally a Victorian gentleman’s residence and later became a Servite Sisters convent.
The number of occupants declined in recent years and the convent was closed last summer, when the remaining four nuns moved out and Elegant took over the site.
The firm’s managing director, Barney McElholm, told the Solihull Times yesterday: “Our company is now very close to finalising new funding terms with our bankers to facilitate the completion of the project.
“This is a very special building which makes an important historical and architectural contribution to the St Bernard’s Road conservation area, and we are confident that its unique environment will hold great appeal when marketing commences later this year.
“We are looking forward to getting our team of highly skilled local tradesmen back to work here and and a restart is planned for the end of March latest.”