Phase 4 of the long-term regeneration scheme will provide a further 112 new homes in Derby city centre.
Castleward is a £100 million development and one of the city's largest housing projects. We are redeveloping the area, which sits between Derbion shopping centre and Derby Midland Station, over 15-20 years. The project also includes green space and 35,000 square feet of commercial retail space.
The fourth phase of Castleward, split over two sites, will consist of a further 112 high quality new homes. It will include two, three and four-bedroom houses and one and two-bedroom apartments. There will be 34 affordable homes for housing association Riverside, and 78 properties will be available through open market sale.
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On the other phases, Lovell Partnerships will carry out the building works. Work is expected to start in 2024, after completion of Phase 3 which is currently under construction.
Bruce Lister, Managing Director at Compendium Living, said: "We are very proud to have received planning permission to bring another 112 brand-new homes to Derby. This continues our successful regeneration of Castleward with Derby City Council, furthering our investment in the city.
"The fourth phase will meet the needs of local people by providing employment opportunities, economic benefits and high-quality homes. We put placemaking at the heart of our what we do. We are committed to transforming Castleward into a vibrant, sustainable new community that residents can feel proud to call home."
