2023
Site acquired by Fairbank Investments
02/24
Draft plans shared with the public
1988
Site was grade II-listed
Penistone
Being based in Penistone, this site is our legacy project.
Alongside our main business, we took on this project as a way of giving back to the community, with a vision to restore a derelict and historic site to its former glory.
We understand how much this place means to local people, and we are committed to keeping everyone updated as the project develops. Although progress may sometimes appear slow, a great deal is happening behind the scenes to ensure the restoration is carried out with care, thoughtfulness, and lasting quality — creating something the whole community can be proud of.
Project progress
Here you will find the latest and most up to date information regarding our progress at our ongoing project as we forage our way through the decision making and minefield that is planning.
February 2025
Exciting News for Penistone! 🚀
We’re proud to finally share our vision for the historic Coal Drop Arches & Signal House site! After a lot of hard work, Fairbank Investments, working with Axis Architecture, have submitted a planning application to transform this iconic space into a thriving destination for locals and businesses alike!
🔹 Retail Spaces in the Grade 2 Listed Arches
🍽️ 4,000 sq ft Restaurant & Bar with a Stunning Terrace
🏢 9,000 sq ft Cutting-Edge Office Space
🔧 Four Hybrid Business Units for Office or Light Industrial Use
🏠 Revitalisation of the Original Signal House
We’ve teamed up with Sheffield-based Glass Canvas to bring our ideas to life in an amazing video - check it out! 🎥✨
As local residents, we want to create something Penistone can be proud of! Now, we wait for the planners' decision - fingers crossed!
October 2023
You may have noticed that since purchasing the Coal Drops in March 2023 we have cleaned up the site considerably. This was to enable architects and engineers to survey the Coal Drops and surrounding land in preparation to deliver a suitable project for this prestigious gateway site to Penistone.
We have been working hard behind the scenes to create, what we think, is a fantastic scheme that will add benefit and value to Penistone and its community.
As such we would like to release our preferred concept drawings to show how we envisage the Coal Drops and the land, which runs along side the Trans Pennine trail, will look. It has always been our aim to maintain the authenticity of the Coal Drops and the railway theme and we believe these ideas reflect that.
These drawings are subject to local authority approval and all necessary planning consents. At this stage we have simply released our ideas purely to engage with you, the local community and judge the feedback.
May 2023
You may have seen our team up at the Coal Drop site, installing a permanent security fence up at the site.
There are various reasons for the security fencing going up however we are happy to announce that we are intentionally dropping the fence short of our boundary in order to offer temporary parking for the public and to work with the Penistone Agricultural Show, allowing access for the show traffic.
