Luxury apartments to buy or rent in £40m scheme at Sandy Row
A NEW £40m luxury apartment project with the potential to create 250 construction jobs could be on the way for close to Sandy Row in Belfast.
The community living around Wellwood Street are being asked to take part in a public consultation about the plans for an apartment block called The Albion.
Glenaplin Street Ltd is the developer behind the plans.
The number of apartments has not been revealed but a spokesman for architects Like said the project would “reinvigorate a part of the city that has seen little investment in recent years and will create a vibrant, interconnected neighbourhood”.
Apartments on the site at Wellwood Street — which is occupied by a car park at the minute — would be to rent or to buy, according to a public notice about the consultation. It suggests that part of the development may be a ‘ build to rent’ scheme, where a developer retains ownership of housing to rent out in long-term tenancies.
Ciaran Deazley, project architect from Like Architects, said: “The Albion development seeks to provide a landmark building for inner city living.
“It has been designed as two buildings connected by a landscaped square, and a high quality brick and glass façade will bring a contemporary presence and vibrancy to the area.”
According to statistics quoted by Like Architects, the development could help address population decreases from 25,000 to 4,000 in Sandy Row in recent years.
And the development would also be located close to the southern edge of Weavers Cross, the future Belfast Transport Hub.
Like Architects has worked on other residential projects in the city, including student accommodation at Great Patrick Street and York Street. It’s also working on the £18.5m office development Merchant Square at Wellington Place.
And it’s also working on a £2.5m contract to replace a derelict building at the top of Tates Avenue, where it meets the Lisburn Road. The development is for 25 apartments.
Belfast’s first build to rent scheme was announced last year — a 19-storey apartment block on a car park at Academy Street in the Cathedral Quarter.
The apartment block of 42-one beds and 63 two-beds is planned by Holywood developer Lacuna and Welsh developer Watkins Jones.