£100m scheme enters 3rd phase
BROWNFIELD REGENERATION CONTINUES WITH 80 NEW HOMES
WORK has started to build more than 80 homes as part of a Derby city centre regeneration project worth £100 million.
The third phase of the Castleward development housing construction has got under way on brownfield land in John Street.
The 82 homes being built will consist of one-bedroom and two-bedroom apartments along with maisonettes.
They have been designed to appeal to first-time buyers, downsizers, commuting professionals and growing families.
Castleward, which sits along a new boulevard linking Derbion and Derby Midland Station, is one of the city’s largest housing projects.
In total, it will provide around 800 new homes, a school which is already open, and businesses on the 30-acre brownfield site.
All of the 164 homes which made up the first phase, which had asking prices starting from £100,000, were sold.
The first of 54 homes in phase two of the development began to take shape in 2019, and all homes released on to the market also sold out.
Developers Compendium Living will provide 55 properties for open market sale, and the remaining 27 will be affordable homes for housing association Riverside.
Work on phase three is expected to be completed in early 2024, and the show property is set to open its doors next year.
A ceremony recently took place to mark the start of the latest phase of construction, with representatives from Compendium, Derby City Council, Riverside, and house builder Lovell in attendance.
Councillor Steve Hassall, cabinet member for regeneration, decarbonisation, strategic planning and transport for Derby City Council, said: “We’re thrilled to see work beginning on the next phase of the
Castleward redevelopment.
“The first two phases have already delivered an excellent range of homes and commercial space, as well as an attractive gateway to the city from the railway station, not to mention regeneration of a brownfield site.
“Now we are looking forward to seeing these new homes taking shape and adding to this exciting project over the coming months.
“We’re keen to attract new residents to our city, as well as provide options for locals who may consider city centre living. Having brand-new state-of-the-art homes in the heart of Derby will help that come to fruition.”
Bruce Lister, managing director at Compendium Living, said: “We are excited to have officially commenced work on the third phase of Castleward, and to have celebrated this occasion with our partners.
“This groundbreaking marks an incredible milestone for Compendium Living.
“We’re very proud to be continuing our investment in Derby and furthering the regeneration of the Castleward area.
“Along with Derby City Council, Riverside and Lovell, we are transforming this brownfield site into a vibrant and sustainable new community.
“We are very much looking forward to welcoming more residents into their brand-new homes.”
Castleward Spencer Academy is one of the latest developments on the site between London Road and Siddals Road. The school opened to its first intake of pupils in September.