Plans for 22-storey Bristol tower block approved
Developer Cubex has had its plans approved for a 530 bed PBSA development on a brownfield site in central Bristol.
The site was purchased alongside JV partner, Alara Investments, in February last year.
The waterside development is expected to have a GDV of £150m.
The site is located in the heart of Bristol city centre, a three minute walk away from the University of Bristol’s new Temple Quarter Enterprise Campus and Temple Meads train station.
Phase 1 of the campus will transform the wider area and is set to open to 4,600 new students in 2026, with a further, larger phase to be completed before 2030.
The development will be heated via the UK’s largest water source heat pump and incorporates passive flood defences to protect the city.
The development at Albert Road will also comprise 4,500 sq ft of affordable business space which would be made readily available to local businesses. The development of Albert Road Boulevard, will provide businesses with active frontages readily accessible from the new pedestrian and cycle paths.
William Tomlinson, development director at Cubex, said: “By delivering high-quality student housing, robust sustainability measures, and significant economic and public realm enhancements, 38 Albert Road stands out as a prime example of what can be achieved with an ambitious approach to brownfield regeneration.
“We call Bristol home and are proud to be working alongside a professional delivery team to bring forward an exemplary scheme which will both support Bristol’s flood defence strategy and support the regeneration of St Philip’s Marsh.”
Andrew McLaren from Alara commented: “We are delighted to be partnering with specialist Bristol developer Cubex on this exciting development at the heart of Bristol’s new Temple Quarter campus. The scheme’s focus on quality and sustainability will benefit the student population and wider city for years to come.”
