Entering the big leagues. We started our biggest project to date called “St James Studios” in Middlesbrough. This is a 60 x Studio apartment student development in the centre of Middlesbrough only 500 meters from the university, with commercial units on the ground floor. We bought an old office block for £1,300,000 and renovated it into high end luxury student apartments complete with cinema rooms and huge communal spaces. The construction cost was £2,500,000 with around £250,000 on professional fees, Creating a total project cost of around £4,050,000. The project only took 36 weeks from start to finish thanks to a great design team and Walter Thompson construction company. St James Studios brings in a great rental income from both the students and the commercial units. St James Studios has been a huge success for Atha Developments and again has a 100% occupancy level with large waiting lists since its construction.