Build to rent specialist Moda Living is redeveloping the Ludgate Hill Carpark to create its Great Charles Street high-rise residential-led neighbourhood in the city’s famous Jewellery Quarter.
When completed the project will offer 722 rental homes across four blocks spanning 6 to 39 stories.
Designed in partnership with Ryder Architecture, Great Charles Street will include a 24/7 gym fitness centre, private dining rooms, co-working areas, resident sky lounges, roof terraces and cinema rooms
Great Charles Street will target leading ESG certifications, following in the footsteps of Moda, The Mercian on Broad Street which was the first residential building in Birmingham to secure three-star Fitwel accreditation, and uses certified 100% renewable electricity.
Delivery of the new project will add an estimated £92m of gross added value to the West Midlands, creating around 470 new construction jobs.
The £302m neighbourhood has been backed by the largest deal for a build-to-rent project seen outside of London, with funding from Harrison Street, NFU Mutual and Apache Capital and a £188m development loan from Precede.
Alan Rodger, Managing Director, John Sisk & Son, said: “The project will create a landmark entrance to the city centre and provides us with the opportunity to build upon our work with Birmingham City Council, the West Midlands Combined Authority and our trusted supply chain to create training, jobs, and quality accommodation for the people of the West Midlands.”