The rundown Sackville Trading Estate next to Hove Station will be turned into a thriving neighbourhood with public gardens. Moda Living are due to start developing the site in 2021. Within the £260m scheme, 564 homes will be for private renting, and 260 homes for later living.
James Blakey, Planning Director, Moda Living, said: “We are absolutely delighted that Brighton and Hove have put their faith in our exciting vision for the regeneration of the Sackville Estate.
“The decision enables us, together with our partners, to revitalise a long-dormant brownfield site with new homes and employment opportunities, while also investing £10m into the local community.”
The £10m investment will be for infrastructure, education and public art. It’s one of the biggest contributions to public space by a private company based in Brighton and Hove in over a decade.
Other than a village hall, shops, restaurants, private dining areas and wellbeing workshops, the proposal consists of communal lounges and events. There will also be a 50,000 sq ft office and co-working space for businesses, alongside a few open spaces and five communal roof terraces.
Moda Living and its funding partner Apache Capital Partners now have £850m of BTR schemes under construction in the UK. It’s the initial phase of its whopping £2.5bn pipeline of over 7,500 BTR homes.
Image credit: Moda Living