UK-based real estate developer Court Collaboration, the City of Wolverhampton Council and the West Midlands Combined Authority (WMCA) have unveiled plans for a city living development in Wolverhampton, UK.
The Brewers Yard scheme is proposed to be established on 10 acres of brownfield land neighbouring University of Wolverhampton’s Springfield Campus.
The scheme will see a mix of 1,100 city houses and apartments, and 60,000ft² of new retail and commercial space, designed by Glancy Nicholls Architects.
The scheme aims at delivering high-quality affordable living in some of City of Wolverhampton’s tallest towers, set alongside public realm.
The development will be located a few hundred metres from the city’s new transport interchange, providing easy access to Birmingham, London and Manchester.
Work on the joint venture project is set to commence in 2020.
Court Collaboration CEO and founder Anthony McCourt said: “This is a real opportunity for the private and public sector to work together to bring forward and make viable a huge development opportunity.
“Brewers Yard oozes confidence and style throughout and it will be fantastic to bring this to the next stage of feasibility with the focused and unwavering support of City of Wolverhampton Council and the Combined Authority.”
The scheme is expected to bring economic benefit of £250m (gross development value) to the City of Wolverhampton.
The Brewers Yard scheme is also set to create hundreds of permanent jobs, more than 1,000 construction jobs, and built environment apprenticeship and training opportunities for students of the University of Wolverhampton.
Brewers Yard is one of 24 development opportunities mentioned in the region’s Investment Prospectus, which has been launched at MIPIM by West Midlands Mayor Andy Street.
The Mayor said: “It’s great to see the West Midlands Combined Authority (WMCA) working in partnership with the City of Wolverhampton to help deliver this exciting scheme.
“Not only will it play a key role in the on-going regeneration of the city, but it will also provide hundreds of high-quality, affordable homes for local people.
“It’s another great example of how the WMCA’s Housing Deal is supporting major schemes that can help the region meet future housing needs.”
City of Wolverhampton Council cabinet member for city economy Councillor John Reynolds said that the Brewers Yard development is part of £3.7bn of investment in the City of Wolverhampton.
Image: Rendering of Brewers Yard scheme in Wolverhapmton, UK. Photo: Courtesy of City of Wolverhampton Council.