Stalled scheme to take off again after wrangle over car parking
THE developer behind Birmingham’s most-expensive city centre apartment is to lead a stalled scheme off Broad Street.
Jewellery Quarter-based Elevate Property Group has taken on plans to build new apartments on a pay and display car park in Tennant Street.
The plans were first revealed in May 2015 by London-based developer Romar Investments, but the project stalled amid wrangles with the city council over parking and how many flats could be built.
Initial designs for a complex reaching around 12 storeys and containing up to 120 flats was discouraged by the council amid fears it would affect the “character” of the street.
A second version of the plan was then rejected because it contained no parking before outline consent was finally awarded in December 2015 for a six-storey scheme containing up to 40 flats, retail units and 13 parking spaces.
Now, Elevate has taken over the project – to be called Tennant Street Lofts – and has lodged a new application with the city council. It is planning to build up to 40 two-bedroom, loft-style apartments in a development of up to six storeys, again with 13 parking spaces, which is due for completion in summer 2018.
In 2015, Elevate carried out a regeneration of the former Debenhams warehouse in Holloway Head which included a penthouse pad sold for £1.8 million.
The company is also behind residential projects Queensway House and St Paul’s House, in the Jewellery Quarter, and Honduras Wharf in the Gun Quarter – making Tennant Street its fifth project in two years.
Elevate’s managing director Steven Dodd said: “Tennant Street Lofts is the right development at the right time in the right place. It lies parallel to Broad Street and is a short walk from Brindleyplace, Mailbox and the new HSBC retail banking division currently under construction.
“It is ideally placed in a city that is currently rated the most popular destination for Londoners wishing to make a new life outside of the capital.”
Rickett Architects and project manager JLQS are working on the scheme and a decision is expected in May.