PLANS to create a massive city centre apartment development on the former site of the old Yorkshire Evening Post building have been confirmed.
Contracts have now been exchanged for the delivery of the first phase for the development on the former gateway site on Wellington Street in Leeds city centre.
The landowner, Stirling Investments, aims to develop an 18-storey block of 242 apartments along with some ancillary commercial spaces on the ground floor.
Grainger Plc, the UK’s largest listed residential landlord and a build to rent specialist, has committed to buying the block subject to receipt of detailed planning consent for the building.
The new building will occupy a prime south-facing riverside plot on the five-acre site, which also has outline planning consent for a further three blocks earmarked for office headquarters.
Following detailed pre-application talks, a reserved matters planning application is to be submitted in October with building work expected to be complete by mid-2019.
Paul Fox of Fox Lloyd Jones, acting as Development Managers on the scheme, said: “There has been much talk about the drive for build to rent schemes in Leeds and other key provincial cities to respond to changing market dynamics and it is exciting that this will be one of the first real schemes to come out of the ground in Leeds.
“With such a high calibre operator on board we are very positive over the detailed planning dialogue ahead and excited to be kick starting a high quality regeneration of an iconic Leeds site.”
SITE WAS HOME FOR 40 YEARS
The Yorkshire Evening Post’s old building had been opened in 1970 by Prince Charles.
Demolitions crews cleared the 4.6 acre site in 2014 and only the landmark clock tower remains of the old newspaper office building, which was home to both The Yorkshire Post and the YEP for more than 40 years.
The Johnston Press titles vacated the old building in 2012 and are now based at No 1 Leeds on Whitehall Road, just five minutes walk away.
Previously, in February 2015, outline planning permission was granted for a mixed used scheme, made up of three office buildings and one residential or hotel building on the site.