Work has started on the development of 300 new homes and offices at Waterside in Leicester.
The scheme will see the development of an 18-acre brownfield site, located by the Grand Union Canal and River Soar, into a brand-new neighbourhood.
Featuring a mix of modern apartments along with 2-bedroom and 4-bedroom houses, the new development is aimed at working professionals aspiring for sustainable city living on the waterfront.
In addition to the new homes, homebuyers will also benefit from new public green spaces and parks along with luxury office space and retail units, which are already underway.
The developers have already received huge interest from potential homebuyers, with the location adjacent to High Cross and the riverside setting being highly appealing.
City Mayor Peter Soulsby said: “The start of work on the first new homes as part of the Waterside regeneration project marks another milestone for this long-neglected part of the city.”
“The regeneration of the Waterside area represents a tremendous opportunity for the city’s growth and future prosperity, by creating great new places to live, space for business to flourish and much better access to our beautiful riverside.”
Work at Waterside is expected to take six years, with the first homes becoming available to purchase in Summer 2021 and the sales centre and show homes will be available to view early Spring 2021.