Plans have been submitted for more than 600 new Birmingham city centre apartments as the Eastside renaissance goes on.
An application has gone in to Birmingham City Council for three blocks of apartments at Exchange Square and shops underneath which form part of Nikal’s wider Masshouse regeneration in the east of the city centre.
A total of 603 apartments will be built, comprising a mix of one-, two- and three-bedroom units with a small number of studios and will be available to rent once work completes.
The trio of new buildings will be nine, 16 and 27 storeys respectively.
Designed specifically for the rental market, the apartments will have a concierge and access to a private lounge. The plans also include a landscaped rooftop garden.
It comes just days after proposals for three other city centre apartment schemes were revealed.
The scheme, which has been designed by architect Stephenson Studio, is aimed at young professionals.
John Moffat, development director at Nikal, said: “The private rental sector in Birmingham represents a burgeoning growth market, with the continued investment in the city’s core infrastructure driving a real resurgence in city centre living.
“Exchange Square signifies a unique opportunity within the Birmingham market to provide a high-quality urban village with extensive amenity provision in a central location. It’s our vision for the site that we create an unrivalled community amongst the residents, with the private lounge and roof garden creating a strong focal point for social activity on site.”
Work is expected begin on the site in the summer, with the final block completing before the end of 2019.
An application for a second phase of development, including an additional building and a new public square, will follow shortly.
The Exchange Square plot is set between the city’s central business district and Eastside City Park and adjacent to Nikal’s Hive development.
The firm said Exchange Square would benefit significantly from the Curzon Street HS2 station, which will form part of HS2 work beginning next year.
The plans also include 187 car parking spaces, with 27,500 sq ft of ground-floor retail units.
A deal, which is currently in solicitors' hands and expected to complete shortly, will see the development fully funded.
Nikal secured an amendment to its original planning application – for up to 600,000 sq ft of grade A offices, ground floor retail and a further space earmarked for a 200-bed hotel or residential element – in 2014, enabling it to deliver up to 1,000 new homes.
Mr Moffat added: “By securing an amendment to the existing consent, we have ensured that Exchange Square as a site is responsive and able to meet changing market demands.
"With the planned investment and regeneration of Eastside and the surrounding area, this is a perfect time to deliver high-quality, high-density residential units to satisfy the huge demand in the city centre.”
Knight Frank and Savills are joint sales agents on the scheme. Savills also advised on all planning matters.