Derby City Council’s planning committee discussed the proposals for a new Build to Rent scheme in Derby yesterday (18 June) – and planning was approved. The national multi-sector property developer, Godwin Developments, submitted plans to transform the site in Phoenix Street, Derby, into 201 Build to Rent apartments, designed to match the growing interest in the sector from both investors and residents.
“We are absolutely delighted that Derby City Council approved once again our proposals for The Landmark – in a huge vote of confidence for the city and its ambition for the future.”Stephen Pratt, Group Land Director, Godwin Developments
The scheme – called The Landmark – will be one of the city’s tallest buildings which is in the heart of the city. It will consist of a mix of one-and two-bedroom apartments and include a range of resident amenities such as a gym, concierge, lounge, guest suite and coffee area in addition to 47 car parking spaces and provision for 36 bicycles.
The development will deliver high-quality apartments to cater to the needs of a growing cohort of professionals and graduates in the area, while supporting the wider Derby regeneration plans announced yesterday by the Derby Economic Recovery Task Force. The development will inject £68m into the city’s economy, enhance the city centre, and help to grow the reputation of Derby as one of UK’s key national business and investment hubs.
“We are passionate promoters of Derby and its potential to reinvent itself through attracting additional employment and strengthening its city centre. Our scheme – The Landmark – will be a fantastic extension to Derby’s Future High Street bid and will bring additional investment, jobs and desirable city living into the heart of Derby, while also improving the public realm and flood defences.
“We are also extremely grateful to the support and encouragement we received in the planning process by a number of local stakeholders – businesses, the local community, local heritage experts Lathams, and many more.”Stephen Pratt, Group Land Director, Godwin Developments
The decision to approve planning, which was supported by the majority of councillors, will see the creation of 900 temporary construction jobs over a two-year period and around 10 to15 permanent roles once complete.
“Marketing Derby is delighted that councillors have voted to support the development of The Landmark in Derby. As an organisation, we have supported the developer and their plans every step of the way. Derby will now get the investment and profile it deserves with this ambitious and high-quality development.”John Forkin, Managing Director, Marketing Derby
Planning approval for The Landmark follows recent announcements by Godwin Developments of a major mixed used scheme in the centre of Stafford, and a residential development in a gateway location in Sheffield city centre, strengthening the business’ wider portfolio of commercial, residential and industrial property assets in key national locations.