The High Street Group has embarked on a major new regeneration project, which will create 269 apartments on the banks of the River Tyne, with the demolition of a former industrial site in Gateshead.

The demolition of the old oil depot is underway, representing the first stage of the £41m mixed-use development, Brett Wharf. The 1.5-acre site will be subject to a 24-month build programme, with construction due to begin later this year.

Located near to the Swing Bridge, Brett Wharf will feature two buildings containing Private Rental Sector (PRS) apartments along with commercial and communal spaces, establishing a new community on Gateshead’s quayside overlooking the river.

The ground floors of the buildings will accommodate office space, café/restaurants, leisure and parking. The upper floors of the buildings will consist of a mix of 54 percent one-bedroom and 46 percent two-bedroom apartments.

Providing easy access to both Gateshead town centre and Newcastle city centre, Brett Wharf will also feature rooftop communal terraces offering stunning views across the Tyne and its landmark bridges.

The scheme is the latest in a portfolio of projects being delivered in the Newcastle-Gateshead area by The High Street Group transforming sites into sustainable communities.

Reflecting its strategy to incorporate living, working and leisure opportunities into its developments, Brett Wharf joins Newcastle’s tallest building, Hadrian’s Tower, and Strawberry Place as current major High Street Group projects in the area.

Gary Forrest, Chairman of The High Street Group, said: “Brett Wharf will create a new community on the banks of the River Tyne for professionals and meet the growing demand for high quality, future-proofed homes close to the centre of both Gateshead and Newcastle.

“Mixed use developments like Brett Wharf provide a real opportunity to create vibrant destinations that offers world-class apartments, workspaces and hospitality venues for both residents and the local community to enjoy, adding economic and social value to the area.”