£19m flats development aims to deliver Leeds city living X-factor

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Plans were today revealed for a major new residential development on the south eastern outskirts of Leeds city centre.

A 1.25-acre site next to the existing Echo Central development on East Street has been earmarked for the 13-storey X1 Aire scheme.

It will comprise 147 one and two-bedroom apartments including five luxury penthouses, all exclusively available on a buy-to-let basis.

Construction work is due to start later this year on the £19m project and, if everything goes smoothly, it will be completed in April 2017.

Details of the scheme have been unveiled just a day after new figures confirmed Leeds’s place at the forefront of the UK’s city living boom.

The East Street project is a joint enterprise between property provider Knight Knox and Liverpool-based developer X1.

Knight Knox commercial director Andy Phillips said: “It’s a very exciting time to launch in Leeds.

“It’s a vibrant city with some great qualities – brilliant nightlife, great shopping and unbeatable travel links.

“We’re delighted to be providing the area with premium residential property and valuable investment opportunities, whilst enhancing our reputation in a new territory with such a unique scheme.

“Leeds has long shed its image as just an industrial powerhouse and is now known for its financial and professional sectors, where there are more private sector jobs than the national average. It’s a great place to invest.”

Melissa Green, operations and regional director at X1, said: “With 100 per cent occupancy rates consistently across all X1 Liverpool and X1 Manchester developments, we’re delighted to launch our first residential site within Leeds.

“X1 Aire is a unique opportunity for us to enter into a new region with the offer of luxury accommodation and lucrative investment opportunities.”

The development will also include an on-site gym and 98 resident parking spaces.

As previously reported by the Yorkshire Evening Post, the overall population of Leeds city centre more than doubled between 2001 and 2011.

During the same period, the number of people aged 20 to 29 living in the city centre nearly trebled.

Paula Dillon, President of Leeds Chamber Commerce.

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