Market Leads & Opportunities
Nottingham councillors give green light to plans for residential-led scheme on former lace factory site
Councillors in Nottingham have given the green light to plans for a multi-million pound residential-led scheme on the site of a former lace factory in the city.Maryland Securities will develop the three-acre site on Alfreton Road in the city to create a major mixed use scheme of housing and shops.The scheme, which will be called Avitus, is expected to create around 650 jobs during construction and an additional 100-plus permanent jobs in various sectors while injecting £124 million into the economy during construction and an additional £26 million from retail and other sectors.Designed by architect Stephen Hodder MBE, Avitus incorporates five buildings of up to eight storeys in height built around landscaped courtyards. The residential element is complemented with seven ground floor retail leisure units located next to Tesco fronting Alfreton Road.The phased scheme will provide 310 one-, two- and three-bedroom apartments and townhouses targeted at the sale and rental markets plus 10,000 sq ft of retail and other commercial units on the ground floor.
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