The firm behind Birmingham’s most expensive apartment has revealed it is working on three new blocks around the city centre.
Elevate Property Group, which created a £1.8 million apartment in Concord House, in Holloway Head, has started work on its next project – with two more close behind.
Building has begun at Honduras Wharf, which will see 99 new apartments created in Summer Lane in the Gun Quarter.
Meanwhile, preparation work is also under way at a second project – the conversion of office block Queensway House next to Snow Hill station in the Jewellery Quarter, which is being styled like Concord House.
Just seven apartments are being built in this development, including proposals subject to planning for a large penthouse apartment. Prices are likely to range from £325,000 to £900,000.
The third project is for St Paul's House, next to Henrys restaurant in St Paul's Square, also in the Jewellery Quarter. Elevate is converting the existing building into ground floor offices with luxury apartments above including a new-build penthouse.
There will also be a courtyard development of townhouses to the rear, with prices on this development likely to range from £500,000 to £800,000.
Elevate managing director Steve Dodd said: “We have made the bold decision to press ahead with these three projects while Birmingham is riding on the crest of a wave of good news.
“In recent weeks, we have seen Birmingham Airport report record results, smashing the ten million passengers a year barrier.
“In an annual survey of European investors’ intentions, Birmingham was named above the likes of Paris, Madrid and London in the European Union and emerged as the best city in the UK to invest money.
“And with longer-term developments like HS2 on the horizon, we too believe this is a good time to be investing in Birmingham.
“The success of Concord House in selling out in 12 months, and the consequent surge in development interest in that area, suggests we caught the market right there, and we are confident that these three projects, differing in style and offering as they do, will be equally popular with buyers and investors alike.”
Honduras Wharf is situated on a site once considered the gateway to Birmingham’s world-renowned Gun Quarter.
The new scheme will be available in the first quarter of 2017 after a 15-month building programme.
The apartments are expected to sell for between £125,000 and £500,000 and options range from a one-bedroom, one-bathroom apartment to one of the five rooftop penthouses.
Creative director Chris Brooke, who heads up design for the operation, said: “For Honduras Wharf, we have gone for a monochromatic colour scheme, integrated appliances, quality fixtures and finishes, resulting in homes that are functional and well appointed, yet stylish and graceful.”