Moda and Apache Capital have submitted a planning application to Birmingham City Council for their 722-home BTR project on Great Charles Street.
The 2.6-acre, brownfield site will be converted into a thriving neighbourhood with new homes, shops, amenities and vastly improved public realm.
If planning is successful, this will be Moda and Apache Capital’s second site under development in the city after ‘The Mercian’ on Broad Street. Which’s construction has been funded by a £118m debt facility secured by Apache Capital from Goldman Sachs.
Tony Brooks, Managing Director at Moda, said: “Our build-to-rent projects are introducing a completely new way of living and working. We provide more opportunities, amenities, options and facilities than ever before, all built sustainably with an especially strong commitment to their local communities.
“Despite the current uncertainty and the challenges facing us all, we remain absolutely committed to Birmingham. We believe this submission puts the interests of the city and people of Birmingham first. The site, currently a car park, will be an exciting new neighbourhood in the prosperity of the city.”
Moda and Apache Capital’s total investment of £445m will deliver 1,200 homes in Birmingham.
The plans were formed following extensive engagement with key stakeholders including Birmingham City Council, the Jewellery Quarter Development Trust, the Jewellery Quarter Business Improvement District, Colmore Business Improvement District, the Birmingham Civic Society, local councillors, local businesses and members of the public.
Ian Ward, Leader of Birmingham City Council, said: “We are delighted to see Moda progressing with these impressive plans to transform this long vacant plot in the heart of our city – in our Big City Plan. Bringing quality, new housing stock to the city is of paramount importance to the City Council.”