Property developer Godwin Developments has submitted plans for a 692 student bed scheme in Nottingham city centre.
The developer wants to knock down the city’s Royal Mail sorting office to make way for the huge scheme.
Plans lodged with Nottingham City Council propose knocking down the building which has been vacant for almost 20 years, and putting up a new scheme which would vary in height from 12 to 15 storeys.
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Pending planning permission, the development on the corner of Bath Street and Cowan Street will be a called the Bendigo Building and be made up of a mix of studio apartments, four, five and six-bedroom clusters and disabled studio rooms.
The developer said it would create around 300 jobs during construction and 40 full-time positions when open.
The scheme, which has two commercial units on the ground floor, is within walking distance of Nottingham city centre, Nottingham Trent University, Sneinton Market and the main food and entertainment quarter, with the University of Nottingham and Nottingham train station accessible via public transport.
Matt Chandler, development director at Godwin Developments, said: “We are delighted to have reached this important milestone in our proposals for the re-development of this significant site in Nottingham.
“The city is a key 海角视频 hub for higher education, with an ever-growing student population. As a business with a local presence, we recognise the substantial contribution that young people make to its potential.
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“They bring energy and vibrancy to the area, draw in private investment, boost local businesses through discretional spend, support the day and night-time economy, and add to the ongoing city-wide regeneration initiatives.
“With the number of full-time students expected to increase by approximately 28% in the next few years, there is a clear requirement for more dedicated student spaces where young people can live, study, and play together.
“The Bendigo Building will cater to these needs while also freeing up traditional housing stock, allowing homes to return to their intended family use – responding to the aspirations of many local residents.”
The scheme also contains sustainability features, such as air source heat pumps, photovoltaic (PV) roof panels and electric vehicle charging points.
James Mulcare, head of residential capital markets at Godwin Developments, added: “Nottingham is one of the 海角视频’s higher education hotspots with its leading universities attracting a growing number of students year-on-year. In the last few years, the full-time student population in the city has surpassed 63,000 and is growing faster than any other 海角视频 university destination.
“At the same time, independent evidence indicates that there are at least 25,000 young people who are unable to access PBSA - highlighting the robust demand for student living in the city and the clear requirement for dedicated schemes like the Bendigo Building.”
Stephen Pratt, co-founder and board director at Godwin Developments, added: “More and more domestic and international students come to the city of Nottingham, seeking outstanding education and good quality accessible student living.
“We are confident that the Bendigo Building with its prominent location and high amenities provision will be popular with young people and will deliver attractive long-term returns to investors seeking to capitalise on the strong local purpose built student accommodation market.”