City Loft Developments are building the block of apartments that forms a centrepiece of the Heart of the City programme.
Now part of the Harrogate-based company's residential investment portfolio and one of its development sites have been put into receivership.

The company was declining to speculate on the future of its other schemes, including the one in Sheffield. The development site affected is in Sutton Coldfield.
It's another sign of the impact of the credit crunch on the housing market.

City Lofts, which built its reputation on developments in cities such as Sheffield, Manchester and Cardiff, has appointed a receiver for around 250 of its unsold properties and says it is confident buyers can be found.

St Paul's Apartments, including as ten-storey wing, are due to comprise 322 apartments on top of bars, cafés and shops spilling out on to the pedestrianised St Paul's Square.

House builders Barratt Developments are axing their regional office in Chapeltown - and 60 workers are to lose their jobs.
The company has blamed the credit crunch for a radical overhaul of its workforce nationally, which could see 1,000 of its 6,700 employees facing the sack. Job cuts will affect building sites, sales, administration and support operations as the firm shrinks its business to meet the tougher market conditions.

A spokesman said job losses were necessary as the firm had to manage its overheads in the face of difficult housing market conditions. Barratt says it plans to complete its current housing developments in the Sheffield region and responsibility for its existing sites will transfer to its Leeds office.