Market Leads & Opportunities
Latest apartment tower blocks plan for Birmingham revealed
Three tower blocks containing a total of 515 apartments could be constructed in Birmingham after the plan was revealed by Shanghai-headquartered boutique investment bank PGC Capital.A former Renault car dealership in High Street, Digbeth, could make way for the new development if the city council gives the go-ahead to the proposal.The new buildings would contain a mix of 263 one-bedroom, 252 two-bedroom and two three-bedroom apartments as well as ground floor commercial units, parking for 153 cars and secure bike space for all residents with the possibility of an on-site cycle repair workshop also under consideration.The development would include two ten-storey blocks and one standing at 25 storeys which will be located at the intersection of High Street and Clyde Street.It will be known as Lunar Rise, in recognition of the city’s historic Lunar Society, a group of 19th century polymaths who used to meet in Birmingham on the Monday nearest to the full moon.Renault is due to vacate the site by the end of the year and construction is expected to start in early 2018, subject to planning consent being granted.Architects Corstorphine + Wright designed the scheme which would be PGC’s first UK property development.The council is expected to make a final decision on the plan in the coming months.
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