Developer snaps up prime Derby site for new housing scheme
Wavensmere Homes has struck a deal for one of the final plots of development land in the Cathedral Quarter in Derby city centre.
The Birmingham-headquartered housebuilder has exchanged contracts for the vacant site – off Full Street – with Wilson Bowden Developments.
The site was initially earmarked for an office development of up to 100,000 sq ft, but it will now be brought forward by Wavensmere Homes for an apartment scheme.
Phase One of Wilson Bowden’s Full Street development includes: the refurbishment of the Riverside Chambers office complex; delivery of 46 new apartments at Number One Cathedral Green; and a Premier Inn hotel. A planning application will be submitted by Wavensmere Homes and Wilson Bowden, in consultation with Derby City Council and a range of stakeholders.
James Dickens, managing director of Wavensmere Homes, said: “This site is one of the best located within Derby city centre, with rich views of the Cathedral Quarter and the River Derwent. Derby is a walkable city, and the significant investment in the public realm has seen it become a vibrant and cosmopolitan place to live, work, and visit.
“There is an increasingly strong appetite for city living here, and the development of this vacant site will transform a local eyesore into a high quality, architecturally designed building that adds significant value to this prized and popular part of the city. We look forward to working up our plans over the coming months.”
Henry Henson, development manager for Wilson Bowden Developments, said: “We have selected to partner with Wavensmere Homes, as the team has a strong understanding and track record of the requirements of Derby’s city residential market. We are very proud of the cluster of new buildings we have delivered within the Cathedral Quarter over recent years and look forward to working with Wavensmere Homes on the plans for this project, which will complete the jigsaw of this prime Derby city centre location.”
Wavensmere Homes is behind the £175m Nightingale Quarter regeneration scheme in Derby.