In November 2005, the University of Sheffield´s archaeological consultancy, ARCUS, unearthed a medieval well of over three metres in depth in the sandstone bedrock beneath Carmel House on Fargate.
Due to the conditions in the well, animal bones and plant remains (possibly including microscopic pollen grains) were preserved and analysed by the University's Department of Archaeology laboratories.
In February 2005, Sheffield City Council's Executive Director of Development and Leisure had commented, "Carmel House, at the junction of Fargate and Norfolk Row is an imposing Victorian stone fronted Grade II listed building which, together with the adjoining terrace of attractive Georgian brick properties, is almost completely empty and is in need of refurbishment.
Full planning permission was granted in January 2004 for a comprehensive scheme which will involve creating four new modern retail units by demolishing the existing buildings behind the retained façade.
[4] It was paid for by a donation by industrialist Sir Stuart Goodwin and his wife, and was originally dedicated to Alderman James Sterling, but the informal name stuck and was eventually made official.