1,000 new houses and flats will ‘enrich the city for generations’
MORE than a thousand new homes are set to be built on a longneglected site in Birmingham city centre in a £275 million development reaching up to 29 storeys.
MCR Property Group has lodged formal plans with Birmingham City Council to redevelop the Monaco House site in Bristol Street (neighbouring the Barratt Homes site reported above) after first unveiling its vision in the summer.
The complex will feature a range of blocks, including two towers reaching up to 26 and 29 storeys respectively.
New images showing how the project could look have also been released by the Manchester-based development group.
The scheme will comprise 1,009 units consisting of 352 one-bedroom, 521 two-bedroom and 102 three-bedroom apartments and 34 three-bedroom townhouses.
The development will be called New Monaco and also contain 16,145 sq ft of ground floor commercial units to house shops and cafés along with two levels of basement car parking.
Demolition work has been ongoing for several weeks on the derelict site which was once the epicentre of a supermarket war between Tesco and Asda. Tesco planned to redevelop the plot with a new store while Asda wanted to build on the Park Central site opposite but eventually both projects were dropped by the retailers.
Chris Taylor, fund manager at MCR Property Group, said: “We’re incredibly proud of the final plans for New Monaco.
“Everything has been designed to enhance the vacant land and deliver well-designed, high-quality, affordable housing for Birmingham residents and enrich the city centre for generations to come.”
David Onions, director at Pegasus Group, added: “Monaco House has been an unattractive part of Bristol Street for many years and this major new development will result in a dramatic improvement to this part of the city centre, aiding significant revitalisation of Birmingham’s Southside area and meeting the city’s growing housing needs.”