- What Cole Waterhouse’s plans for £260m mixed-use project in Digbeth, Birmingham
- Why Site purchased from multiple landowners last year
- What next Funding discussions ongoing
Developer Cole Waterhouse has submitted a planning application for a five-acre, £260m mixed-use project in Digbeth, Birmingham.
Having bought the site from several different landowners last year, the developer is pressing ahead with its plans to create a residential and commercial neighbourhood on the 5.1-acre plot.
The development is to be primarily residential-led with 900 homes being proposed including a mix of private sale and build-to-rent apartments. There are also plans for a 133-bedroom hotel, a public park, along with 65,000 sq ft of retail, workspace, and leisure.
Discussions with funders are ongoing, with Cole Waterhouse understood to be exploring a mixture of forward funding and debt funding. Barton Wilmore has supported the developer’s planning application.
Cole Waterhouse chief executive Damian Flood said: “We are committed to delivering high quality design which enhance the surrounding environment and community. Our vision is to create a new neighbourhood right in the heart of Digbeth and neighbourhoods need communities, culture and connectivity to thrive and prosper so this has been a driving factor in the development of our plans.
“We’ve worked really hard to involve the local community as much as we possibly can and look forward to this next stage of the process. Now that the planning application has been made we will be moving into the funding phase of the project whilst we move through the planning process and await a decision.”
