MCR Property Group has received planning permission for its 1,009-home scheme on the site of Birmingham’s Monaco House complex.
Named New Monaco, the £275m scheme on the seven-acre site on Bristol Street will include 11 apartment blocks and two towers of 26 and 29 storeys.
Ninety-two of the apartments will be for affordable rent.
Chris Taylor, fund manager at MCR Property Group, said: “Investment in Birmingham’s Southside area has become vital to improving the levels of high-quality housing stock in the city.
“Receiving the go-ahead for our New Monaco development means we can provide much-needed homes to Birmingham residents while carving an exciting new identity for the neglected Monaco House site.”
Architects Leach Rhodes Walker and Pegasus Group are advising.
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