£60m residential project unveiled in Smethwick
Ambitious residential plans have been unveiled for Smethwick, involving over 150 apartments aimed at the rental market.
The £60m brownfield site plans have been submitted by developer MHBL. They include proposals for 159 apartments, a well as shop units and a 1,900-space car park.
The plans submitted to Sandwell Council cover the area on London Street, close to the new Midland Metropolitan Hospital.
The proposals will offer accommodation using the Build-to-Rent model. The proposals also include 20% affordable housing.
Martin Birkett, on behalf of MHBL, said: “Build-to-Rent is now well established and very popular in cities such as Birmingham, London and Manchester and this site provides an excellent opportunity to deliver the same in this strategic growth area of Sandwell.
“People are choosing to rent for longer and in turn demand better quality accommodation with longer tenancies, better facilities and management, and security of tenure. This type of model is particularly popular with younger professionals.
“As residents of Edgbaston know, there is a huge demand for key worker housing around any major hospital, alongside parking issues – particularly along residential streets. Not only will our plans inject £60m into the local economy, they will also deliver vital new housing and infrastructure to capitalise and respond to the huge opportunity presented by the Midland Metropolitan Hospital.”
MHBL has submitted a planning application to Sandwell Council, following detailed discussions with planning officers. Sandwell Council will review the application and a decision will be made by the local authority in the coming months.