Developers reveal £60m apartment scheme
Developers have unveiled £60m plans to build around 300 apartments in Coventry.
Barberry Developments will construct the apartments next to its £100m Bishops Gate student accommodation scheme.
It is the second major construction scheme announced for Coventry in as many days, following Complex Development Project’s announcement of a £100m regeneration scheme for land off Abbotts Lane.
Barberry’s plans for Bishop Gate East were revealed at MIPIM today, where the company – similarly to CDP – is part of the Coventry and Warwickshire MIPIM Partnership.
Barberry director Henry Bellfield said the latest exciting development would see 260 apartments delivered across three blocks of up to 14 storeys on the Dale Buildings site in Cook Street under a £45m build-to-rent scheme.
Under the new proposals, Bishop Gate East will also include a development of six townhouses with 72 student bedrooms and a further block of 34 apartments.
A planning application is expected to be submitted to Coventry City Council later this year. It brings the gross development value of Barberry schemes in Coventry to more than £165m.
Mr Bellfield said: “Coventry is going through an exciting renaissance and we are delighted to be playing a significant role in the comprehensive transformation of this quarter of the city by delivering outstanding accommodation options.
“This phase of our Bishop Gate redevelopment promises to deliver almost 300 high quality apartments and six townhouses comprising 72 student bedrooms. It will provide much-needed homes for local people which will help to revitalise the 24-hour economy in the heart of the city.
“Bishop Gate East will continue the regeneration of an area of Coventry that was in desperate need of redevelopment and will help to promote the city’s reputation as a leading location to study, to live and to do business after being voted the City of Culture 2021.”
Phase one of Barberry’s Bishop Gate student accommodation scheme is on course to be completed by September. The first phase will deliver 725 residential units for Coventry University students.
The three major towers have been substantially completed and the tallest of the three towers at nearly 165ft already has several entire floors completed ready for handover.
As well as student accommodation, the development includes retail units for a convenience store and coffee shop, a large communal area and a gym.