Market Leads & Opportunities
Green light for mixed-use project in Nottingham
A mixed-use development featuring new hospitality, residential and commercial uses in Nottingham has been approved.Hillcrest Properties has secured planning permission for a 4,000 sq ft restaurant and bar, four apartments, four offices and a 1,000 sq ft retail unit on the site of the former Lloyds TSB Bank at 31 Plains Road.Landa Associates has been retained by the developer as letting and managing agent. It has been instructed to find an operator for the restaurant, as well as tenants for the accompanying first floor offices and ground floor retail space.Sunny Landa, director at Landa Associates who will be leading the marketing, said: “This scheme is yet to hit the market, but we are already being inundated with interest from major operators.”Demand for these sorts of properties located in affluent areas is at an all-time high. This development will help satisfy that by bringing new high-quality space to this part of Nottingham.”We are confident that the prestigious location, coupled with the ambitious plans our client has for the development, will stimulate economic growth and job creation.”Work is scheduled to commence over the coming weeks and the units will be available to rent from Q4 2023.
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