Sterling Property Ventures and funding partner Long Harbour have unveiled new images of their £55m Great Charles Square residential scheme in Birmingham.
Great Charles Square will be Birmingham’s first institutionally backed PRS scheme.
Long Harbour will fund and operate the scheme, which is both its first investment in Birmingham and its first develop-to-let project.
The AHR Architects-designed scheme includes 340 flats, 100 residents parking spaces and 20,000 sq ft of ground floor retail and leisure space on the two-acre site, which is currently a surface pay-and-display car park. The site sits next to Snowhill Station and fronts Great Charles Street and is bounded by Ludgate Hill, Lionel Street and Livery Street, in the Jewellery Quarter conservation area.
The duo is also seeking outline planning consent for the scheme’s commercial element: an office development of 250,000 sq ft. The commercial element is likely to be funded separately.
The scheme forms part of the wider masterplan for Snowhill, which has enterprise zone status.
Sterling entered into a joint venture agreement to develop the site with the council in June 2013.
The public consultation will be held at St Paul’s Church, St Paul’s Square, and will be open from 10am – 7pm. Following the event, a detailed planning application will be submitted in October.
