£100m residential scheme unveiled for central Coventry

The vision for a £100m residential development that could regenerate a key part of Coventry city centre has been launched at MIPIM, the property development and investment show.Complex Development Projects (CDP) – the company behind Fargo Village, Electric Wharf and the Telegraph 1950s retro hotel project – unveiled plans that could create more than 700 new homes on land off Abbotts Lane.The regeneration specialist company bought the 5.5 acre site from National Grid a year ago and is working with Coventry City Council on proposals which are likely to be submitted for planning approval in the summer. CDP is launching the proposals at MIPIM to seek UK and International investor partners.It is one of several major opportunities being promoted by the Coventry and Warwickshire MIPIM Partnership made up of more than 20 companies and organisations who fund the area’s presence at the four-day event.The development includes a central landscape feature which opens up the Radford Brook as a linear park which could link directly under the ring road to the Belgrade Theatre and the central shopping area.Ian Harrabin, of CDP – which has offices in Coventry and London – said the development would not only provide housing for Coventry residents, but would also expand the benefits of the city centre out to the surrounding community.