Elevate Property Group has announced it is to start building 95 houses and apartments on the banks of the River Trent, midway between the city centre and West Bridgford, Nottingham.
The development, to be known as Trent Bridge Quays, is Elevate’s first project in the East Midlands and its second joint venture with Investin.
The project has been hailed by David Hargreaves, Managing Director of agents FHP Waterside Living as one of the best locateddevelopments in the area.
He said: “Trent Bridge Quays provides purchasers with easy access to the city for work and West Bridgford’s bars, restaurants andretail offering for leisure. It’s a very clever location for all sorts of reasons.
“It is not in the city centre nor in West Bridgford but has a foot in both camps, with easy access to both the city centre and WestBridgford.”
He said the announcement further enhanced Nottingham’s burgeoning riverside community with other developments such as ParkYacht Club and Trent Basin all adding to the mix.
“Trent Bridge Quays and these developments all benefit from each other and deliver something different.
“There is a lot of pent up demand in Nottingham for innovative developments such as this,” he said.
Trent Bridge Quays will priced from £135,000 for a one-bedroom apartment, to £750,000 for a three-bedroom penthouse with rooftop garden and views across Nottingham and along the River Trent.
The development will consist of a range of three storey townhouses, all with terraces either to the front or rear, and apartments in large blocks flanking the River Trent and Meadow Lane.
There will also be retail opportunities with two units in the development.
Elevate Property Group is the company behind a number of successful residential developments in Birmingham including ConcordHouse, Honduras Wharf, St Paul’s House and Queensway House.
Its first joint venture with Investin was the development of Queens House in Coventry, a 62 apartment development that is almostsold out.
Steve Dodd, managing director of Elevate Property Group, said: “Trent Bridge Quays is being built in one of the most desirableareas in Nottingham.
“West Bridgford is the most expensive area of real estate in the East Midlands and so this development represents a significantproject for Elevate.”
“The development sits within the Waterside Regeneration Area and has been specifically designed to provide a new publicpromenade along the river for pedestrians and cyclists.”
The project has been designed by the Birmingham office of international architects BDP and construction is expected to soon withthe first homes available in the third quarter of 2018.
David Hargreaves said they were anticipating keen demand for Trent Bridge Quays.
“It is close by West Bridgford where house prices range from £200,000 to £4m, an area that has the feel of a London suburb suchas Chiswick or Putney. The area was named in a 2016 Lloyds Bank survey as a property hotspot and one of the most desirableplaces to live in the UK.
“We are already receiving inquiries about early off-plan opportunities, and we believe this reflects the strong interest there will be inthis development.”