Progress Update

Jul 27, 2023

We’re aware that we’ve been a little quiet of late, and an update on progress here at Bayspace is long overdue! Behind the scenes the whole team has been working hard to get this game-changing project over the finish line and, despite significant challenges, we’re pleased to report things are now moving at pace once again.

Here’s a bit of background about the circumstances behind our delayed opening, with a welcome glimpse of light at the end of the tunnel!

As you might be aware, the construction phase has not been without its challenges. A major renovation of a long-disused historic building in the centre of St Ives was always going to be a complex operation, and this was planned for from the outset. 

However, we were unable to anticipate the impact of post-Covid supply chain issues, skilled labour shortages, and substantial cost increases for building materials. Our main building contractor sadly ceased trading in January, and we were confronted with the final phase of a large construction project spanning four floors, all at different stages of completion. 

We made the decision to stop work on-site until we could properly take stock of the situation and ensure it was project managed efficiently and to the highest standard. We’re now pleased to report that work at Fernlea Terrace has started again and is following a strategic plan focused on completion in late summer.

Our prospective members and the local community here in St Ives have been extremely patient during this frustrating time, which is hugely appreciated. We know there’s many freelancers, start-ups and small businesses keen to begin using the modern workspaces behind Bayspace’s Georgian façade – not to mention members of the public who we can’t wait to welcome into the building for meeting and event bookings.

We still can’t give you an exact date for our opening, but all being well we’re hoping to throw open the doors in late summer. Our team are eager to be working from Bayspace every day, having spent many months operating remotely. The construction delay has given us time to make lots of positive new connections with local entrepreneurs, businesses and organisations, and to work on our strategy for involving the wider community as much as possible. 

Once again, thank you for your patience and look out for our July update when we hope to bring you yet more positive news.