18Montrose is to become the first retailer at the new King’s Cross shopping centre, Coal Drops Yard, located on the site of a former rave venue.
18Montrose stocks designer clothing from brands including Stone Island, Adidas Statement Footwear, Common Projects, and Maison Margiela.
The new 5,400 sq ft retail space will open next month and is located in the £90 million Coal Drops Yard scheme behind King’s Cross Station. The venue was originally built for steam trains to dump coal and was most recently used as Bagley’s nightclub, open from the ’90s until 2007, which ran parties hosting special guests including Madonna and Prince.
The new shopping centre is scheduled for full opening in 2018 and will contain around 50 shops and restaurants.It’s hoped the development will become a major shopping destination and help to rejuvenate the area, which still has a negative reputation from the past when the crime rate was high.
Retail consultancy Harper Dennis Hobbs estimates that 19.7 million visitors will visit the area each year by 2021, over twice the amount of current foot traffic.
Craig White from developer Argent said: “King’s Cross, already known as a central London office location, a prime residential area and an established foodie destination, is now adding retail. Nearly 20 million people a year will enjoy a hand-picked selection of the best in fashion, homeware and lifestyle, with Coal Drops Yard as the cornerstone.”