Argent, a UK-based property developer, has submitted a planning application to Birmingham City Council for Octagon residential tower at the Paradise redevelopment site in Birmingham.
Octagon residential tower is said to be the latest phase of the Paradise redevelopment project, which is being delivered by Paradise Circus Limited Partnership (PCLP), a private-public joint venture with Birmingham City Council.
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Designed by Glenn Howells Architects, the 49-storey residential tower is 155m tall and will feature 346 new apartments, which will be a mix of one-, two- and three-bed homes at affordable rents.
US-based investment manager Federated Hermes is managing the private sector funding.
The new residential tower follows the completion of the first phase of the mixed-use development that includes One Chamberlain Square and Two Chamberlain, along with a new public realm across the estate.
One Centenary Way, a 13-storey, 280,000ft² office-led building, is the next commercial building at Paradise that is now underway, and another commercial building, Three Chamberlain Square, is now going through a design competition.
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By GlobalDataThe plans for the Octagon residential tower were first revealed in May this year.
Argent regional director Rob Groves said: “Our ambition with Octagon continues to be a simple one – to build one of the finest apartment schemes ever seen, not just in Birmingham or the region, but in the UK.
“This ambition drives the design and execution of the building and is reflected in everything about it – the height, size of the apartments themselves and their design, the views and the location in the city centre.
“By submitting our formal planning application, we now look forward to working with the city to progress the building through the planning process. Vital to this is the public feedback we’ve already received and this will figure prominently in our ongoing conversations will all stakeholders.”
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Rendering of the new 49-storey Octagon residential tower in UK. (Credit: Paradise Circus General Partner Limited.)
