Thirty flats to be built on derelict Jewellery Quarter site
A DERELICT site in the Jewellery Quarter which was once due to house a new hotel is the latest to be regenerated with new flats.
The plot, on the corner of Albion Street and Carver Street, sits behind the Pig & Tail bar which opened last summer.
Complex Development Projects is behind the £7.8 million project which will have 30 apartments ranging from one to three bedrooms.
Work is due to start in early 2018 and is expected to take 12 months to complete.
The site has been derelict for many years after construction of a new hotel was abandoned.
Ian Harrabin, director with Complex Development Projects, said: “We see this as a very valuable addition to the Jewellery Quarter and offering something different.
“This part of the quarter is currently undergoing substantial regeneration with several schemes under way but there are not many offering the size of accommodation we are creating and it is important to have a mix in the area.
“The market is strong with a high level of local interest but there is also considerable activity from buyers and investors from outside the area who see the unique character of the Jewellery Quarter along with the potential, part of which is being fired by the arrival of HS2.”
Complex Development Projects, which is based in Coventry and London, is the firm behind the FarGo Village creative quarter and the Electric Wharf live-work development in Coventry.