Contractor chosen to deliver landmark city build-to-rent scheme
Moda Living, a developer, owner and operator of homes for rent, has appointed sister company Caddick Construction to deliver 515 homes exclusively for rent in Leeds city centre.
Work is due to start on-site in October this year.
Designed by DLG Architects, the rental homes will be spread across two C-shaped 16-storey blocks, with a public courtyard in between the buildings and rooftop terraces overlooking the city centre. Two commercial units will also be delivered at ground floor.
Named New York Square after nearby New York Road, and a nod to its synergy with performing arts and culture, the build-to-rent development will host a range of on-site amenities, such as shared lounges, flexible workspaces, a cycle hub, and health and wellbeing facilities, with access to everything included in the rent.
Services will include a 24-hour hotel-style concierge and round-the-clock professional management. The MyModa app will enable residents to report maintenance issues, communicate with the concierge, book events, and will also act as the apartment key.
The homes at New York Square will be a mix of studio, one, two and three-bedroom apartments.
There will be a two-bed sharer layout, designed to provide the perfect solution for sharers. It will feature two equally-sized bedrooms, with en-suites on either side of a shared living space, allowing for greater privacy and reduced noise.
The development forms a key part of the £300m SOYO neighbourhood being delivered by Caddick Developments, another sister company of Moda Living.
In addition to the 515 Moda rental homes, SOYO will include a new hotel, bars, restaurants, further residential, a multi‑storey car park as well as high quality public realm and open green spaces.
Other Caddick Construction projects include the £33m Hudson Quarter development in York, creating three luxury residential blocks totalling 122,000 sq ft and 45,000 sq ft of office space.
And the firm has recently completed the £43m redevelopment of the Emerald Headingley Stadium, in Leeds.
Caddick Construction, Caddick Developments and Moda Living are all part of the Yorkshire-based family-run Caddick Group, which reported a record turnover of over £200m this year.
Johnny Caddick, managing director at Moda Living and director at Caddick Group, said: “This is a real group-wide effort and demonstrates Caddick’s cross-sector strengths in both property development and construction as well as underlining our ability to deliver institutional-grade assets.
“New York Square marks the first phase of SOYO, which will regenerate a car park into a new and exciting city centre neighbourhood. Moda’s aim is to raise the bar for rental in the city, creating high quality homes and strengthening the appeal of city centre living for all.”
Martin Farrington, director of City Development for Leeds City Council, said: “On the back of the new City College and refurbished Leeds Playhouse, it’s fantastic to see Moda bringing their residential development forward.
“This is a real statement of confidence in Leeds and a further boost to the city.
“Since 2013 Leeds has delivered more new housing than any other Core City in England and the start of Moda’s scheme will help ensure we continue to meet our housing targets and support the development of a thriving cultural neighbourhood.”
Roger Marsh, chair of Leeds City Region Enterprise Partnership and NP11, said: “I am delighted that the first phase of Caddick Developments’ multi-million pound SOYO scheme will start later on this year with the construction of these city centre apartments.
“With a dynamic economy, vibrant urban hubs and outstanding standard of living, the creation of high quality housing is key to ensuring Leeds City Region is not just best for business but best for lifestyle and for talent.
“This development highlights the confidence and momentum of investment into Leeds city centre and the wider Leeds City Region.”
