A MULTI-MILLION pound residential scheme earmarked for Nottingham has been given the go-ahead from councillors.
Maryland Securities’ residential led scheme in Alfreton Road in the city will see the transformation of a three-acre former lace factory site to a major mixed use scheme of housing and shops.
Called Avitus, the scheme is expected to create around 650 jobs during construction and an additional 100-plus permanent jobs in various sectors while injecting £124 million during construction and £26 million from retail and other sectors to the economy.
Nottingham City Council planners gave the scheme the seal of approval.
Mr Jebreel, head of Manchester-based Maryland, said: “We are delighted planning has now been secured and look forward to progressing the development which will breathe new life into one of the city’s major arterial routes.
David Hargreaves of FHP and FHP Living, advising on the scheme, said: “What Jacob Jebreel of Maryland has achieved is a game changer for this part of Nottingham.
“The development of a new high quality residential quarter here of this scale will totally change the area and significantly enhance the approach in to the city centre along the A610 which is one of the main arterial roads into Nottingham.”
Designed by Nottingham-born architect Stephen Hodder MBE, the Sterling prize winner for architecture, 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.
Mr Hargreaves added: “This is a ‘clever location’ appealing to both the owner occupier and tenant alike with its location nearby the tram station and within walking distance for workers of the heart of the city centre, Nottingham Trent University and the Jubilee Campus of The University of Nottingham and is likely to attract an eclectic mix of occupiers.
“Indeed when FHP Living sold the Raleigh Square and Portland Square developments some 15 years ago when they were first built the development attracted nurses and junior doctors from the Queen’s Medical Centre which is 10 minutes away by bus.”
The project is the vision of Jacob Jebreel, development head of Maryland, who has successfully managed the land assembly of the site and coming up with a major council backed scheme.
The planning approval for Avitus comes in the same week a report found that Nottingham’s economy in the last quarter of 2016 was one of the fastest growing of any UK city.
Nottingham climbed to number six in the rankings of highest economic growth out of 38 UK cities.
The research, from City Growth Tracker from Irwin Mitchell and the Centre for Business & Economic research (Cebr) also found that Nottingham’s year-on-year economic growth figure of 2.5% is on a par with Greater Manchester and higher than Birmingham, Bristol, Leeds, Liverpool, Newcastle and Sheffield.
For employment growth, Nottingham is the fourth highest ranked city in the UK Powerhouse report with a rate of 1.6%, higher than all other Core Cities apart from Manchester.
Mr Jebreel said: “Nottingham is clearly a successful city and a core city with lots of potential for growth. We are delighted to be bringing forward this high quality mixed use project and look forward to progress this scheme with the local authority”.
Avitus brings back to life the site of the former Forest Mills bounded by Alfreton Road, Boden Street, Denman Street, and Highhurst Street, which has been disused for several years.
The site has been standing empty for many years, said David Hargreaves. “The scheme will plug the housing gap in the city centre and is perfectly placed for both universities, and the Queen’s Medical Centre.”
Jacob Jebreel said the phased scheme will provide 310 stunning, modern one, two and three-bedroom apartments and townhouses targeted at both sale and rental markets plus 10,000 sq ft of quality retail and other commercial units on the ground floor.
Forest Mills was originally built as a lace factory. In 1950 Thackeray & Sons closed it down as the demand for lace declined and a failure to upgrade equipment to modern standards leading to its closure in the 1960s.