Developer to reinvigorate town's Art Deco gem
The new owner of a disused former bingo hall, cinema and theatre says he wants to restore its Art Deco façade and convert the building into smaller business units and apartments.
Oliver Mcloughlin, 34, from Investment Street, bought the Ritz in Rushden, Northamptonshire - formerly Flutters Bingo and Social Club - for £400,000 after it was put up for sale for £625,000 in late 2022.
He said he was in "awe of the building" - first opened in 1936 - and would engage with locals about demand for repurposing it.
A spokeswoman for Rushden Town Council said it was pleased with the initial plans and welcomed "sympathetic, quality development".
Mr Mcloughlin, who is based in Old Stratford and owns a number of properties in the county, said: "I was attracted to the size of the place, I love architecture and history, so the frontage of that building looks amazing.
"I want to engage with the local community, speak to agents to see what demand there is," he said, and any plans would be subject to planning permission.
He said it was a "non-starter" to reopen it as a bingo hall, adding: "It's way too big and it doesn't make sense from a financial viewpoint."
Although he does not have any "official plans" everything will be subject to planning permission, he said.
The building has a theatre with upper stalls that can seat about 200, which he hopes to retain as an independent cinema, comedy venue or conference space.
"I want to restore the front of the building to it's former glory, put the Ritz back, take the bingo sign off, and the art deco entrance will also be revamped," Mr Mcloughlin said.
Parts of it will be converted into about 10 residential flats or apartments, to make it commercially viable, with the potential for "a penthouse that would be a great viewing point, possibly the highest building in Rushden", Mr Mcloughlin said.
"There was a lot of fear the place will get destroyed and the frontage will be coming down, I want to reassure everyone that it won't happen, it will get restored and it will look beautiful," he added.
"This was a property that nobody else thought would be financially workable, I love the awe of the building, I have a team behind me, it's the biggest project I've even done and I hope more people will like it than not."
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