Newcastle City Council in the UK has given its approval to developer Packaged Living’s plans for a 289-unit residential scheme on Quayside.
This new development will be located on a 1.5-acre site alongside the river and will include amenity space, commercial space, and on-site car parking for residents.
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Called as Quayside 12, the forefront of the design has environmental consideration and will target net zero carbon construction targets and choose low embodied carbon in specified building targets.
This brownfield site is the last remaining plot of the 1990’s Farrell Masterplan and will be completely remediated prior to build, having been vacant for more than three decades.
Among the amenities to be provided will include a resident’s lounge, co-working spaces, private dining rooms and recreational facilities.
Once constructed, Quayside 12 will be the largest build-to-rent scheme in Newcastle and will feature a range of studios, one, two and three bedroom apartments designed for the rental market.
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By GlobalDataThe scheme will create over 700 construction jobs and boost spending in the local economy by an estimated £4m annually.
Packaged Living managing director Mark Woodrow said: “We are delighted to have reached this important milestone in our delivery of an iconic building at the heart of Newcastle’s quayside. The scheme will provide much needed quality, purpose-built rental homes to Newcastle. We look forward to a start on site by Q4 this year.”
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Image: Once constructed, Quayside 12 will be the largest build-to-rent scheme in Newcastle, UK. Credit: Packaged Living Ltd.
