Green light for £ 270million mixed-use project in Leeds

A project to build two residential towers, a student housing block and a hotel in Leeds has received the green light from the town hall.

The £ 270million plan, which spans 2.8 acres, includes 629 apartments spread across two residential towers for rent of 33 and 22 stories each. The plan also includes a 24-story student accommodation block with 548 rooms, a 15-story hotel and 131,000 square feet of office space.

In addition to this, 22,000 square feet of coworking office space and other retail and leisure facilities will be built.

The development will replace a parking lot on Lisbon Street in the center of the city. Leeds City Council approved the project, which was presented by designer DLA Architecture, on behalf of a joint venture of Marrico Asset Management and Helios Real Estate, called Lisbon Street Developments.

Construction of the site is expected to begin in spring 2022.

Marrico Asset Management partner Mark Barnes said the project “would remove an unsightly site and provide high quality architecture and public realm, while creating an attractive and distinctive urban development in its own right.

“The program will build confidence in the continued regeneration of the area, acting as a catalyst for further investments and ongoing regeneration,” he added.

Source link

Edward L. Robinett