Work on the £35 million next phase of an urban residential development in Birmingham will commence this month.
Staffordshire housebuilder Keon Homes, working in partnership with sister company Cameron Homes and housing association Midland Heart, has agreed a land deal to start phases 3A, B and C on the Port Loop development.
The team will build 124 units over the next two years at the site next to the Birmingham Canal Old Line, off Icknield Port Road.
These latest phases of the long-running scheme will see construction of two-, three- and four-bedroom houses and a small apartment block that straddles the canal corner.
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There will also be community neighbourhood gardens that will be at the heart of the scheme which sits close to Edgbaston Reservoir.
The start of work follows two previous developers involved in the project going into administration.
Warren Bolton, director of Chasetown-based Keon Homes, said: "As a Brummie born and bred, I'm delighted that we have found a solution that will eventually bring this next phase of the project to life.
"It has been nine months in the making but, thanks to our strong partnership with Midland Heart and our ability to bring our sister business Cameron Homes into the mix, we were able to meet all the expectations and are now looking to build this flagship scheme out.
"There is a desperate need for more affordable homes in the city and Port Loop was starting to meet some of these requirements."
Keon created this joint venture with Cameron Homes and Midland Heart to buy the brownfield, unused site out of administration.
It said it would work alongside Chasetown-based Noel Sweeney Foundation and other charities to ensure employment opportunities for local people.
Joe Reeves, executive director of finance and growth at Birmingham-based Midland Heart, added: "We are thrilled to be continuing our partnership with Keon Homes and working with them at Port Loop.
"This development of high-quality, energy-efficient homes is an important part of our ambitious housing delivery strategy, our commitment to addressing the housing shortage in Birmingham and creating communities where local people can live and thrive."
