1,000 homes scheme approved for Birmingham city centre

The New Monaco scheme on Bristol Street, Birmingham

The £275m urban village scheme planned for the end of Birmingham city centre, New Monaco, has been approved by Birmingham City Council’s planning committee.

The MCR Property Group development is for 1,000 homes at the former Monaco House site on Bristol Street. Construction will start at the end of this year and is scheduled to be completed in 2023.

Two towers of 29 and 26 storeys will be alongside 11 apartment blocks that are up to 10 storeys high. There will be 92 affordable private rental properties among the 1,009 units.

The New Monaco scheme on Bristol Street, Birmingham

The development also includes 335 underground car park spaces and 16,300 sq ft of commercial space.

Chris Taylor, fund manager at MCR Property Group, said: “Investment into Birmingham’s Southside area has become vital to improving the levels of high quality housing stock in the city.

“Receiving the go ahead for our New Monaco development means we can provide much-needed homes to Birmingham residents while carving an exciting new identity for the neglected Monaco House site.”

The New Monaco scheme on Bristol Street, Birmingham

MCR Property Group is working with architects, Leach Rhodes Walker, and Pegasus Group as consultants to bring the ambitious project to life.

David Onions, a director based in Pegasus Group’s Sutton Coldfield office, said: “New Monaco will result in a dramatic improvement to this part of the city centre, aiding significant revitalisation of Birmingham’s Southside area and meeting the city’s growing housing needs.”

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