Moda Living, along with its joint venture funding partner Apache Capital, has submitted plans to Birmingham City Council for a 722-home build-to-rent (BTR) project on Great Charles Street.
The two firms intend to convert a 2.6-acre brownfield site in the Jewellery Quarter into a highrise neighbourhood that would feature 722 new homes for rent.
Besides providing co-working spaces, a gym and 24-hour concierge, the development will also offer public amenities, new stores and commercial space, thereby activating Lionel Street.
The two firms currently have £850m of live schemes under development across the UK.
With the projects in different phases of planning and development, the firms claim that they are on target of opening 125 homes every month by the end of next year.
Moda Living managing director Tony Brooks said: “While times are tough for everyone at this time, we believe Birmingham’s future beyond this is bright and accordingly we have submitted our plans for the Great Charles Street development.”
Brooks further added: “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.”