New student accommodation for city
Released: 24 April 2008
A brand new £25 million 900-bed student complex was approved by Planning Committee last week (Tuesday, April 15th), subject to the signing of a Section 106 legal agreement.
The accommodation will be built in four blocks on land bordered by Wednesfield Road, Culwell Street and Lock Street.
Around 500 jobs will be created during the construction period and 32 permanent jobs on site.
Developer Victoria Halls already owns high-profile student developments in cities like Leeds, Sheffield and Manchester.
Planning Committee approval last week will now enable Victoria Halls to secure the necessary funding to facilitate a start on site to meet an opening date in September 2009.
The blocks will be opposite the leisure, retail and homes complex on the site of the Low Level station and the new development at Springfield Brewery.
An outline planning application for the scheme was approved in principle by the Planning Committee on 4 March.
The approved application detailed the contributions that the developer is offering through the Section106 legal agreement to improve the area, including £250,000 for existing public open space in the area; on-site provision of a £70,000 multi-use games area and CCTV and lighting to Lock Street.
Issued by the press office.
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