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Thackeray Group has secured planning permission for a 52-bedroom aparthotel, a ground floor café and refurbishment of the Grade II-listed Market Chambers building at 5-7 St Mary Street in Cardiff for an undisclosed amount.
The building was constructed in 1886 by entrepreneur Solomon Andrews and is an example of Victorian commercial architecture.
According to the Welsh government’s historic environment service, Cadw, its frontage is “one of the most ambitious commercial frontages of mid-Victorian Cardiff, by its most ambitious entrepreneurs”.
Thackeray Group, which worked closely with Savills and architects John Wotton to secure planning for the scheme, will restore and repurpose the under-utilised building in a bid to further invest in Cardiff’s city centre.
The site is located between Thackeray Group’s recently opened Flight Club and Howells masterplan scheme.
Giles Hoare, investment director at Thackeray Group, said: “Our investment and confidence in Cardiff goes from strength to strength and the Market Chambers apart-hotel consent is another example of this.
“The scheme will restore another significant heritage asset and help achieve the Council’s wider vision along St Mary Street. It was a pleasure working alongside Cardiff Council on another collaborative project.”
Annamaria Sgueglia, senior planner for Savills Cardiff planning team, added: “The scheme breathes fresh life into a previously under-used commercial building and will deliver an attractive tourism offering that is sympathetic to its architectural significance, while supporting the positive regeneration of the wider area.”
