Bank to close to make way for new shops and flats

A bank is set to close and replaced with new shops and flats.

Halifax in Bearwood Road, Smethwick, would shut its doors and be replaced with two new shops and six flats as part of a planning application put forward by Perry Barr-based NTInvestments.

The move would see the existing bank refurbished and then split into two new units. A rear extension would also be built alongside the currently unused second floor to house the six new flats.

The two one-bed and four two-bed flats would be accompanied by two parking spaces. A statement included with the application said:

“The design of the retail units and apartments have been carefully considered to ensure that they are both functional and visually appealing. 

“The retail units have been designed to attract new businesses that complement the surrounding area, while the apartments would offer attractive, nationally space standard-compliant living spaces for residents. The conversion of the existing Halifax bank building into retail units would contribute to the diversification of commercial offerings within the area, fostering economic vibrancy and serving the needs of local residents and visitors alike. 

“As with much of the financial sector, many high street banks with the increasing use of technology, no longer feel they require a presence on the high street. The strategic location of the building, coupled with its architectural integrity, makes it an ideal candidate for adaptive reuse, preserving its history. 

“Additionally, the introduction of apartments to the rear of the site would address the growing demand for residential spaces in sustainable locations, providing convenient access to amenities, employment opportunities and public transportation hubs.

“Overall, the proposed development would breathe new life into the existing building and surrounding area, providing retail opportunities and much-needed homes.”

The branch opened in Bearwood in 1997. The bank sits just a stone’s throw away from the former Ex-Catalogue Direct shop in Bearwood which is set to become a new shisha lounge, cocktail bar and restaurant.

The plans by Deniz Akgul promises a new shishi bar and restaurant on the ground and first floors, with a cocktail bar on the second floor as well as a new roof terrace along Anderson Road – which was previously wallpaper and paint discount store Home Zone.

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