29th November 2021
Construction of the 259 one and two-bedroom Build to Rent (BTR) apartments began almost four months ago and contractors GMI Construction remain on track for completion by early 2023.
Phase one will also see the construction of a new public square at the former site of the Central United Reformed Church, work on which is set to commence in September 2022.
Demolition of the former Debenhams store and Central United Reformed Church and properties on Victoria Street was completed in May 2021, with construction work commencing later that month. Local firm Hodgkinson Builders have recently been appointed to construct the brickwork for the landmark project.
A time lapse camera has been set up by contractors GMI Construction to enable people to view progress on site and can be viewed here.
Planning permission was granted last month to bring forward phase two of the scheme, which will feature a new 3,500-capacity performance venue on the site of Laurie House offices and the former Pink Coconut nightclub, which will be operated by ASM Global, the world’s leading provider of entertainment experiences.
Future planned phases of the scheme include a range of other complementary uses of the site including new grade A offices and commercial space, a hotel, and a multi-storey car park.
It is anticipated that more than 2,000 jobs will be created by the regeneration of the area. It is also hoped the substantial levels of investment proposed at Becketwell will provide confidence for further new investment in surrounding areas of the city centre.
Grainger is a market leader in the UK build to rent and private rented sector with a core focus on delivering high quality homes and excellent customer service. This is their first investment in Derby and forms part of ambitious growth plans that will see the business double the size of its current portfolio.
Commenting on the progress of phase one of the scheme, Dan Murray, construction director at St James Securities, said:
“We are proud to be delivering a scheme that will revitalise this long-neglected area of the city and help to improve the overall vibrancy and attraction of the city centre.”
Cllr Steve Hassall, Cabinet Member for Regeneration, Decarbonisation & Strategic Planning & Transport, added:
“Watching the progress being made on the site is really very exciting, not only in terms of seeing this project being delivered but for the much needed improvement and regeneration of what was a neglected area of the city."
Funding for the Becketwell project includes £8 million in Local Growth Fund investment from the D2N2 Local Enterprise Partnership, the private sector-led partnership of business, local authorities, skills and training providers and community and voluntary services which works to promote economic and jobs growth across Derby, Derbyshire, Nottingham, and Nottinghamshire.
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