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£300m Mixed-use Development Planned for Leeds

Posted by Calum Martin in

Image courtesy of Flickr, (View licence)

Leeds city centre could see an uplift of 275 student beds as part of a mixed-use development costing £300m.

The existing project, known as the SOYO development, has been under construction since 2019.

The latest proposal being submitted for approval has been dubbed 'Block D', and residents have been invited to share their thoughts on the project.

Based out of Yorkshire, multi-sector developers the Caddick Group are behind the construction.

The SOYO development is pinned to deliver around one million square feet of space for housing, shops, restaurants and landscaped open spaces.

The proportion of student accommodation in the scheme would see an additional 275 beds in the city centre, comprised of both studio and cluster apartments. Other amenities include a 24-hour gym, wellness initiative and key fob secure access.

Moda New York Square, phase one of the Soyo development, has already been completed.

The second phase currently under construction is a build to Rent scheme for Hestia, the residential platform for Federated Hermes. This phase will see 331 apartments made up of studios and a mix of sizes up to 3-beds.

The project has already supported 700 jobs for local residents, with around £43.7m spent via local supply chain networks.

Associate Director at Caddick Developments, Alistair Smith, commented: "Soyo is an entirely new neighbourhood for Leeds, helping to regenerate a key gateway to the city and enhance the cultural quarter. Our ambitious plans have already seen residents move into New York Square, and these new proposals - which will see high-quality student living brought to the site - will further enhance the vibrancy of the area. We look forward to working with colleagues and stakeholders to bring these plans to life."