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Construction Work Well Underway On Derby's Newest Apartment Block
By: St James Securities
Construction of the 259 one and two-bedroom Build to Rent (BTR) apartments began almost four months ago and contractors GMI Construction remain on track for completion by early 2023.
The apartments form phase one of the redevelopment of the Becketwell area and will be forward funded, acquired and operated by Grainger plc, the UK's largest listed residential landlord.
The new building echoes the elegant style of the original Debenhams building, which was built in 1962 and designed by Evans, Cartwright and Woollatt.
Phase one will see the construction of a new public square at the former site of the Central United Reformed Church, which is set to commence in September 2022.
Local firm Hodgkinson Builders have recently been appointed to construct the brickwork for the project.
A time lapse camera has been set up by contractors GMI Construction to enable people to view progress on site: https://bit.ly/
Planning permission was granted last month to bring forward phase two of the scheme, which will feature a new 3,500-capacity performance venue on the site of Laurie House offices and the former Pink Coconut nightclub, which will be operated by ASM Global, the world's leading provider of entertainment experiences.
Demolition work is set to commence in February 2022, with construction work to commence in January 2023 and completion and handover to the operator in late 2024.
It is anticipated that more than 2,000 jobs will be created by the regeneration of the area. It is also hoped the substantial levels of investment proposed at Becketwell will provide confidence for further new investment in surrounding areas of the city centre.
Commenting on the progress of phase one of the scheme, Dan Murray, construction director at St James Securities, said:
"We're delighted to see the progress of construction work on this landmark regeneration scheme, which will breathe new life into an area which has been challenged for many years and give hundreds of people the chance to live in high-quality homes in the city centre.
"Alongside the apartments and public square that will make up phase one, there will be wider development, including our new performance venue, which will be developed by St James Securities and owned by Derby City Council, a hotel, new public space, and offices.
"We are proud to be delivering a scheme that will revitalise this long-neglected area of the city and help to improve the overall vibrancy and attraction of the city centre."
BH PR & Communications