The Build to Rent scheme – The Landmark – was approved planning in February 2019 but will be back for discussions today by the planning committee, as Godwin Developments seek to move forward with the development.
If approved, this will be the first Build to Rent scheme in Derby. Based on a study by Cushman and Wakefield, the 201-unit development will attract young professionals to the city, increasing footfall and boosting local businesses.
The Landmark – which is a five-minute walk into the heart of the city – will include amenities such as an onsite gym, residents’ lounge, concierge service, guest suite and coffee area. There will be 47 car parking spaces and the provision for 36 bicycles. If planning is approved, it’s estimated that the development will create over 900 jobs during the construction phase and over 15 permanent jobs once complete.
The scheme is aligned with Derby City Council’s 2030 Masterplan, the Derby Riverside Masterplan and the regeneration of the north side of the River Derwent – to deliver a vibrant city centre, ensuring income retention and wealth creation.
Stephen Pratt of Godwin Developments tells BTR News more about the scheme:
“Today, The Landmark will be once again up for discussion with the planning committee – as we seek approval to move forward with this development.
“Because of the range of benefits it will deliver, a total regeneration investment of £68m, no significant new evidence against the scheme and a clear economic gain for Derby, we have been urging planners to vote it through as they did previously – so work on site can begin.
“We are proposing a tall modern building for Derby’s very first Build to Rent scheme, comprising 201 high-quality apartments that will make a significant contribution to the city’s housing requirement – more than 9% of the council’s housing target.
“We have created a development that will retain young talent and professionals in the city and set a new standard for urban living.
“Our scheme is widely supported by the public – during our consultations we found that 80% of residents were in favour of the scheme prior to it going to planning committee. There was also support from the Urban Quality Design Department because it is providing attractive landscaping, and public realm improvements in North Riverside – which is an area in need.
“The Landmark is a scheme that, if approved, can get under way by the end of this year. It is what the government called over the weekend a ‘shovel ready’ project that presents Derby with tangible opportunity to create jobs quickly and help the economy recover.
“We are therefore confident that today, the city of Derby will be able to take another step forward – both in the transformation of its landscape and its future.”