Brick by Brick, a real estate developer in Croydon, appears to be scrapping project pipelines in more than 70 locations as the committee prepares to close the fair company

The bankrupt South London authorities decided last year not to provide funding for Brick By Brick’s future plans because its investment in this design-savvy company is believed to be the culprit in Croydon’s financial turmoil.

Now, tonight (Tuesday, February 9), a new report to be submitted to the Board of Directors Review Committee reveals the full scope of the project culling. More than 70 plans have been recommended for shelving, including the entire second wave of small site plans.

The report also shows that if the company cannot sell-this option is still under discussion-the recommendation is to complete the houses currently under construction and sell the remaining land, and then demolish them one by one.

The City Council’s preferred plan for Brick By Brick is to build 20 plans to be completed in October, totaling 429 houses, and 9 plans to be sold in batches.

The meeting documents show that the remaining 70 plots will be transferred from Croydon to brick by brick for development, but will remain with the council, whose future is under review.

Challenges include plans for 400 homes in downtown Croydon by MICA Architects and Common Ground Architecture; 170 new homes by Mae Architects, Gort Scott and Threefold submitted in November last year; and 24 different homes in April last year. There are 374 houses at the site, which were designed by a series of architects.

Among the architects eliminated were Denizen Works, RUFF Architects, Stitch, Hayhurst & Co and Mary Duggan Architects.

According to the report, Brick By Brick can avoid "end of management" only if a buyer is found, which it stated that this option can produce better financial results compared to a limited expansion proposal.

The document reads: "The committee has obtained a method from a stakeholder, and it is recommended to follow up on this in order to understand what conditions may be dealt with."

The report was released after a quick review commissioned by the government earlier this month, which found that Croydon’s brick-by-brick management was “extremely bad”.

The review claimed that although the City Hall loan exceeded 200 million pounds, "brick by brick" had "little progress" because the loan repayments or dividends had not yet been received.

But it added that it is clear that the committee cannot “simply close or leave” brick by brick, adding: “We believe that the committee is not well managed, but this does not invalidate the business idea.”

Brick By Brick works with many respected architects, including its own internal practice, Common Ground Architecture. To date, it has delivered 283 houses in 15 locations.

In November last year, when asked if he could reassure the architects working with Brick By Brick that their project was safe, CEO Colm Lacey stated that the company would “continue to deliver” its existing plans, including Plans under construction and planning.

But by the end of the month, the situation got worse, and Croydon issued an Article 114 notice, acknowledging that it could not fill the £66 million gap in its expenditures. This triggered a 21-day freeze on non-essential expenditures.

In a statement yesterday, Lacey said: "The Cabinet Report emphasizes that, as a shareholder and funder of Brick By Brick, the Board of Directors is no longer able to fund the company in the manner envisaged in our 2020 business plan because of its current Financial situation.

"For this reason, the report recommends that the City Council choose not to advance a series of locations developed by Brick By Brick.

'It also recommended that Brick By Brick continue to develop a series of venues currently under contract. At the same time, the committee will explore selling the entire business to a third party, which they are already interested in. Brick by Brick will continue to assist the committee in exploring and enabling these options.

Tonight’s review and overview committee meeting will make recommendations on the company’s future before next week’s cabinet meeting.

For a complete list of sites, click here

Denizen Works, King Henry's Drive, (22 houses) Denizen Works, Windham Avenue, (14 houses) Threefold Architects, Merrow Mews, (8 houses) Archio, Dunsfold Way Gort Scott, Arnhem Drive, (56 houses) Mae , Holmesdale Road (89 households) Threefold Architects, Headley Drive (25 households) Hayhurst & Co, Grasmere Road, (9 households) Hayhurst & Co, Atlanta Court, (20 households) MICA and Common Ground Architecture, Fairfield, (400 households) RUFF Architects, Corbett closed (11 residences) RUFF Architects, Thorpe Close, New Addington, (9 residences) RUFF Architects, King Henry's Drive / Fairchildes Avenue, (17 residences) Common Ground Architecture, Redstart Close Archio, Castle Hill Avenue, New Addington North, (9 residences) residences) Threefold Architects, Bedwardine Road (15 residences) Common Ground Architecture, Bramley Hill, (58 residences) Mary Duggan Architects, Crystal Terrace (6 residences) Stitch , Monks Hill (Farnborough Avenue), (17 houses) Stitch, Monks Hill Shepherd Way, (9 houses)

Pitman Tozer, Wandle Road (128 residences) Pitman Tozer, Flora Court, (27 residences) Pitman Tozer, Windmill Place (24 residences) Mikhail Riches, Drummond Road, (28 residences) Mikhail Riches, Heathfield Gardens, (20 Houses) Mikhail Riches, Hermitage Road, (9 houses) Coffey Architects, Chertsey Road (7 houses) vPPR, Coldharbour Road, (8 houses) Common Ground Architecture, Avenue Road (12 houses) Common Ground Architecture, Pump House Station Road, (14 houses) Mary Duggan Architects, Lion Green Road (157 houses) Turner Works, Thornloe Gardens, (10 houses) Stitch, Northbrook Road (11 houses) Stich, Malton House, (9 houses) Stitch, Marston Way , (12 residences) Stitch, Regina Road (19 residences) Coffey Architects, Warbank Crescent (36 residences) Coffey Architects, Oxford Road, (8 residences) HTA Design, Tollgate and Stockbury (42 residences) HTA Design, Academy Gardens (9 residences) HTA Design, Auckland Rise and Sylvan Hill, (57 residences) HTA Design, Belgrave and Grosvenor (102 residences) HTA Design, Ravensdale Gardens and Rushden Close (30 residences) H TA Design, Longheath, (53 companies) Mae, Tollers Lane, (40 companies) Mae, Kingsdown (Montpelier Place), (34 companies)

Tag One Brick One Wa Croydon

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