The developers of the 'trash what's left of Georgian London' project will be recognised later this morning for their 'class leading' experiment in subterranean car parking (with special recognition for a complete lack of community engagement), now officially designated "Xanadu" ("in Kentish Town, did PTP, a gated community erect*")

The award, rumoured to be presented just before noon today by no less a person than US President Barack Obama in an internationally televised spectacular, will not be the first that PTP have won, but is the first that makes it clear that sheer doggedness in the face of unremittingly intractable and financially loopy circumstances should not go unrewarded.

"Above all else, ignoring the people who live near such a major badly-thought out project for a minimum of eight years guarantees any successive owner of the site a continuing headache". To quote the judges "You can bend the system all you like, but you can't change the laws of physics. Good try!"

For further information, read the rest of the site. That's all too real.

*bit short of cash though, so not yet. If you could bail them out with a loan or equity share, any terms considered - really, this mortgage is killing them and the payback looks less credible every day. Have you any idea how much these units would have to sell for. No way!

Oh yeah, look at the date.

The cover of their magazine uses Little Green Street as the backdrop for a photo shoot. Again. This time its Nicholas Hoult (the kid from 'About a Boy', teenager from 'Skins' and now unwitting poster boy for urban destruction.

This extends to one of the first published pictures of the famous site (on which twenty houses, ten flats and the underground car park is to be). Yes, that bit of land.

If you're visiting because you're looking at investing in, er bailing out, er re-gearing finance on the site, hello!

Our intelligence reports are that there's a good degree of desperation out there on the part of the heavily-mortgaged owners. A great deal can be done. Hold out for at least two-thirds of the equity - you'll get it!

Why are we encouraging this? Well, a majority shareholder might be better behaved than the floundering wannabe developers who've fumbled this potentially proportionate development for the past eight years.

The people who live in, use and otherwise respect the street would be more than happy if a new owner put some thought into the site's use. They might even get some active cooperation!

If not, well read on. There's a long and bloody history here and if anyone thinks its an easy development, start with two site visits - this one in depth and a little bit of scrub inconveniently and expensively located somewhere that no-one will ever realistically pay the asking prices necessary to make a turn...

You can now follow our tweets. Sign up at www.twitter.com/LittleGreenSt

Simple. Tell your friends, too. Oh and there's Facebook, too. Nothing to see there yet - but the more friends it gets, the more content we'll add. Again: when in doubt, sign up.

We are not alone. Brilliant. Well, I would say that. Surely there can't be any worse decisions out there? Planning Morons.