Developer Adderstone Group has submitted plans for a £40m, five-tower scheme on Newcastle’s quayside.
The developer has submitted updated proposals for the project, titled North Shore, which will be built on a 0.6 ha brownfield site next to St Ann’s Quay.
Designed by Ryder Architecture, the development will include five towers ranging between 10 and 16 storeys in height featuring 124 apartments, alongside 4,550 sq ft of commercial space on the ground floor.
Planners estimate the scheme will create 160 jobs during its construction phase, although Construction News understands Adderstone is yet to appoint a main contractor to the project.
North Shore forms a key part of Newcastle-based Adderstone’s £150m development pipeline, which includes offices, residential and student accommodation projects primarily in the North-east of England.
Adderstone Group founder and CEO Ian Baggett said: ”Our investment and development strategy is based on our conviction that Newcastle will become the fastest-growing city in the Northern Powerhouse.
“The team has worked very hard on these projects and it makes us all very proud to be in a position to make such a difference in our home city.”
Other residential projects to win approval in the city in the first half of the year include a 134-bed PRS scheme by developer Calmont Group in Ouseburn.
The plans were approved despite objections from local group Ouseburn Futures Planning and Development Group, which argued that the scheme represented an “over-development” of the current site, and said it would cause parking and road safety problems.
Plans were also approved for the £40m, 26-storey Rutherford Street PRS scheme by developer Citygrove in February this year.