Nikal releases latest images of Exchange Square scheme
Developer Nikal has released new images illustrating how the second phase of its Exchange Square development in Birmingham city centre could look if planning consent is granted by Birmingham City Council at its committee meeting next week.
The images show Nikal’s vision for ‘New City Square’; a new half an acre public space that links Exchange Square with Bruntwood’s neighbouring McLaren Building.
Planning is already in place for 223 one, two- and three-bedroom residential apartments and 22,500 sq ft of retail accommodation.
However, Nikal submitted revised proposals earlier this year after securing a sale to Grainger for 375 build-to-rent apartments and a pre-let to Whitbread for a 235-bedroom Premier Inn hotel with a 6,000 sq ft Bar + Block Steakhouse restaurant.
The new images reveal a 37-storey residential block alongside a 15 storey Premier Inn hotel and Bar + Block Steakhouse.
Both the residential and hotel buildings are mounted on a unifying plinth.
The proposal also includes 7,500 sq ft of retail space and 63 undercroft car parking spaces.
The first phase of Nikal’s Exchange Square development, comprising 603 rental apartments known as Allegro, is complete and has been handed over to La Salle Investment Management. Nikal now hopes to start work on phase two in Q1 2020.
The proposals have been designed by architects Stephenson Studio, who also worked with Nikal on Exchange Square Phase One.
