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Castleward Redevelopment: £100 Million Housing Project Submits Next Phase Planning Application

Strategic Insights

— 2 min read

The city of Derby is taking a significant step towards a vibrant future with the submission of the planning application for the next phase of the Castleward Redevelopment. This £100 million housing project, a partnership between Derby City Council, regeneration specialists Compendium Living, housing developer Lovell Partnerships, and Homes England, aims to deliver 167 new homes, with 30% designated as affordable, in the Castleward Urban Village. Located between Derbion shopping centre and Derby Midland Station, this development will not only provide housing but also green space and nearly 35,000 square feet of commercial retail space. This is part of a broader scheme that will deliver around 700 new homes, showcasing the city's commitment to placemaking and regeneration.

Key Takeaways:

  • The next phase of the Castleward Redevelopment involves building 167 new homes around Canal Street and New Street, with 30% being listed as affordable homes.
  • The Castleward project is a partnership between Derby City Council, Compendium Living, Lovell Partnerships, and Homes England, with a total estimated cost of £100 million.
  • The development aims to provide around 700 new homes, as well as green space and nearly 35,000 square feet of commercial retail space.
  • The Castleward Urban Village is a long-term placemaking project, being delivered over a period of 15 to 20 years.
  • Councillor Shiraz Khan has expressed excitement about the project's progress, despite the planning process, which will conclude later in the year.
  • The project has already made significant contributions to the area, including new homes, a school, independent businesses, and a more attractive route between Derbion and the railway station.
  • Delivering the final phase will help in creating a Derby to be proud of.
  • Compendium Living reaffirms its commitment to the project, aiming to provide high-quality housing within the area.
  • Lovell Partnerships highlights the project's significance in regenerating the city, subject to planning approval.

Statistics:

  • The Castleward Redevelopment will deliver approximately 700 new homes.
  • The next phase of the project plans to build 167 new homes, with 30% designated as affordable.
  • The scheme includes nearly 35,000 square feet of commercial retail space.
  • The Castleward project is estimated to be worth £100 million.
  • The partnership between Derby City Council, Compendium Living, Lovell Partnerships, and Homes England is key to the project's success.
  • The development will take around 15-20 years to complete.

Sources:

  • Compendium Living (https://www.compendiumliving.com/)
  • Lovell Partnerships (https://www.lovellpartnerships.co.uk/)
  • Derby City Council (https://www.derby.gov.uk/)
  • Homes England (https://www.homesengland.gov.uk/)

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