15 February 2018
Last Chapter for the Hungate Rengeneration Scheme is set to begin
THE city’s first purpose-built rented accommodation block has been given planning permission. Lendlease and Evans Property Group were given the green-light to go ahead with their plans for 196 one and two bedroom apartments by City of York Council this month.
The development will be the last chapter the major Hungate regeneration scheme, and developers say it is a “real coup” to make a start on the first purpose-built rental block in York.
Evans’ development director James Pitt said:”Renters have a tough job finding a quality home with trusted property management; we’ll be delivering both at Hungate, while offering an incredible central location and riverside setting. Delivering a housing first for York is a big win for Hungate.”
The new flats will be made up of studios, one- and two-bedroom apartments and the new building will also have a bike space for each flat, a communal lounge, 24-hour concierge, gym, courtyard, and rooftop terrace with Minster views. Commercial space is also being developed on the ground floor and finishing this phase will lead to the completion of the new public space – St John’s Square.
The eight-storey development is being designed by architects specialising in “build-to-rent”, he added. Lendlease’s head of residential Richard Cook said: “York has a shortage of quality rental stock.
“This is an exciting development not only for Hungate but also for the wider city, as a proof-point that the residential market is listening to the wants and needs of not only buyers but also renters.”
Construction is due to start later this year, with completion anticipated in 2020.
The new project is part of the wider Hungate scheme which includes 1,025 new homes for York – and where sale prices currently range from £160,000 for a one-bedroomed ground floor flat to £467,000 for a three-bedroomed apartment on the sixth floor.
CiytLets York have been acting as specialist letting agents on the Hungate development, advising landlords on potential rental income and marketing properties to tenants looking for city centre apartments.
For more information or advice from our expert lettings team, please contact us on 01904 652729 or email@example.com
This article is courtesy of The Press, please visit their website for more local news.