A £95m mixed-use development in Leeds has moved closer to a start date after city planning officers recommended the scheme for approval.
The first phase of the Monk Bridge development, which includes three new residential buildings and the refurbishment of the existing Victorian viaduct for commercial and retail use, is due to be built by Sir Robert McAlpine.
The site was purchased by investors Alpha Real Capital in December 2015, with the overall development across two phases expected to have a GDV of £95m.
McAlpine has signed a contract to start on the repair and restoration of the viaduct in August, and will also start on the first three buildings of the development later this year, according to planning documents.
These three blocks will include 307 PRS apartments and will range between 11 and 13 storeys in height.
Phase two includes two blocks ranging from 13 to 21 storeys, which will deliver up to 300 apartments for private sale. This phase is currently at the outline planning stage.
The project has been designed by architects Carey Jones Chapman Tolcher, while Foundation Real Estate is acting as development manager.
City planning officers said the first phase of the project was a ”significant new investment” in the city, with the scheme’s planning and listed building consent recommended for approval.
A final decision now rests with the chief planning officer, who will choose whether to green-light the scheme at the city council’s planning committee meeting next Thursday (18 May).
“This scheme is a significant regeneration opportunity that will contribute positively to the regeneration of this part of the City and provide striking, landmark buildings to the Whitehall Road corridor and the western part of the city centre,” said the planners’ report.
Sir Robert McAlpine declined to comment.