A planning application has been approved for a landmark building on Rutherford Street, which fronts St James’ Boulevard in Newcastle.
The site is a derelict former warehouse building that has remained vacant for 12 years.
The 26-storey scheme will comprise 96 one bedroom apartments and 66 two bedroom apartments built exclusively for the residential rental market, at a key gateway into the City. The scheme will also incorporate significant public realm improvements.
The development will contribute to the economy of Newcastle City centre and deliver additional housing choice with the introduction of high quality privately managed rented accommodation.
It is a clear signal of the growing importance of Newcastle to the UK economy and demonstrates confidence in the Newcastle market place which will encourage further investment.
In addition, the scheme will help retain graduates and attract young professionals to Newcastle City Centre, which is a further boost for the region’s economy.
Andrew Rennie, Managing Director of Citygrove, the project promoter, said: “We welcome the planning committee’s decision to approve this landmark building, which will give a new lease of life to a derelict brownfield site in the city centre.
We are grateful for the support the application has received and look forward to construction works commencing.”