Moda is to develop a further 1,600 homes as the second phase of its New Garden Square scheme in Birmingham.
The masterplan, agreed with the council and landowner Calthorpe Estates, will extend Moda’s current plans for 400 build-to-rent homes at the Edgbaston site.
Calthorpe Estates chief executive Haydn Cooper said: “Edgbaston is a vibrant and evolving city district which will be further enhanced by this mixed use regeneration providing new future-enabled homes. We are delighted to be extending our partnership with Moda to further our objective of creating exceptional places. This site was last developed for commercial use over 50 years ago so we are looking forward to working with Moda on a masterplan which is exceptional, sustainable, connected and integrated into the wider Edgbaston community.”
The masterplan has now been signed off, with details plans due to be submitted by the end of the year.
Moda said this would be the template for a new urban masterplan strategy to create residential-led neighbourhoods in key cities across the UK.
Moda said it wanted to repeat this formula across the UK. The “Moda Neighbourhoods” will be anchored by Moda Living’s BTR, PBSA and single-family homes, and will be at a scale of thousands of homes in each masterplan.
Moda said it planned to work with institutional investors and industry partners to deliver the masterplans.
The business has already started bringing forward several large-scale brownfield regeneration sites for Moda Neighbourhoods, including Moda, Hove Central on the south coast, Soyo Leeds and Saica in Edinburgh.
Moda Living managing director Tony Brooks said: “This strategy will facilitate delivery of state-of-the-art future-planned infrastructure, thousands of much-needed energy-efficient homes and smart buildings targeting net zero operations, geared towards delivering meaningful social impact.”
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