Ahli United Bank Acquire Durham Student Accommodation
25th Sep 2018
A new student accommodation block in Coventry has been granted permission and once built will become the city's tallest building.
Located on the site of Cox Street car park, the £50 million development will be 21-storeys tall or 200ft, beating the current tallest building also under construction, the Belgrade Plaza development at 20-storeys.
Submitted by CODE Student Accommodation in August, the development consists of 1,000 student bedrooms across four blocks ranging from six to 21-storeys high. There will also be space on the ground floor, which will be used as retail units.
According to the developers, they wish to create a high-quality and landmark development that "would benefit from a move away from the traditional rectangular/square box appearance."
In particular, CODE Student Accommodation suggested the site would meet the 2001 local plan, specifically to create a high-quality and more sustainable city, as well as promote local area regeneration.
Not only do the developers believe the proposal would enhance the local economy they also stressed the added benefit in that traditional terrace housing currently occupied by students will be released for family and non-student use.
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