UK-based residential developer HUB and real estate investment manager MARK have received planning permission for a build-to-rent (BTR) project at 2 Snowhill Plaza in central Birmingham, UK.
Approved by Birmingham City Council, the plan for 2 Snowhill Plaza will replace a vacant commercial site with a new residential project.
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Designed by architect Metropolitan Workshop, the project will build 462 units, with on-site affordable housing and three-bedroom family residences.
The 48-storey structure is expected to be one of Birmingham’s tallest and newest additions to the city centre’s developing cluster of high-rise projects.
The proposal is said to improve pedestrian connection and establish a better public realm between Snow Hill Queensway and Weaman Street.
Approximately 600m² of improved public, seating, and cycle storage space will be created.
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By GlobalDataThe project was developed in close consultation with the local community and key participants in the neighbourhood.
HUB senior development manager Brad Burridge said: “Securing planning permission for this scheme – HUB’s second in Birmingham – means we are a step closer to delivering much-needed high-quality homes in the city centre.
“2 Snowhill Plaza will be a striking landmark building for Birmingham, with a new public route that will open up this part of the city centre for pedestrians.”
The project is MARK’s first in the UK BTR sector.
MARK UK & Ireland managing director Lily Lin said: “This project – our first UK build-to-rent investment – will be a strong addition to our portfolio of residential-led developments in the UK, through which we are delivering hundreds of homes across a range of price points and tenures in a mix of geographies.”
