Development transforming car park into waterside scheme backed by funding deal
Plans to transform a neglected car park in Walsall town centre into a waterside neighbourhood have been backed by a £787,000 investment from the West Midlands Combined Authority (WMCA).
The scheme, by housebuilder House by Urban Splash, will see 15 town houses and a small park built on canalside land off Marsh Lane.
Andy Street, Mayor of the West Midlands and chair of the WMCA, said: “Walsall Waterfront is particularly significant because not only is it new homes and new jobs, it will also be a prime example of Advanced Manufacturing in Construction (AMC) in action in the West Midlands.
“As well as delivering more homes at a faster pace, this new way of building means we can build homes that support our fight against climate change and drive the growth of innovative, green industries which will provide the well-paid local jobs of the future.”
Walsall Waterfront is the latest collaboration between the WMCA and developer Urban Splash under a partnership deal signed last year to work together on delivering more than 10,000 homes to help the West Midlands achieve its target of building 215,000 new homes by 2031.
Nathan Cornish of House by Urban Splash said: “We are delighted to once again work with the WMCA to realise our plans – which will breathe new life into this undeveloped piece of land next to the canal.
“We’re excited about bringing our AMC Town Houses to Walsall. These residents will have bars, restaurants, shopping, a cinema, a hotel and even an art gallery all on the doorstep, in what will be a thriving mixed use community in the heart of the town.”
Access to funding for the scheme was provided by Frontier Development Capital.