Work on a major regeneration project near the centre of in Birmingham will start at the end of the month.
High Street Residential — a specialist in the development of high quality city centre apartments — will launch the first phase of the £133 million Kent Street project.
The Cording Real Estate Group, a member of the Edmond de Rothschild Real Estate investment management platform, has already agreed a £49.7 million forward funding deal for an eight storey building on the 2.2 acre site, bounded by Bromsgrove Street, Gooch Street North, Kent Street and Henstead Street.
The development will provide retail space, a café, gym, and a residents’ hub along with a minimum of 262 mainly one and two-bed apartments for private rent scheme (PRS), which may increase to 279 units, subject to planning consent for the additional 17. Nobles Construction is carrying out the building work, which is expected to be completed in June 2021.
It is hoped that work will commence on a second 19 storey building next year, bringing the number of apartments available to around 600 by 2023.
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