Plans have been unveiled for a £10m student flat development in central Newcastle which will create around 150 construction jobs.
The new proposals outlining the development of 388 student bedrooms, on land adjacent to the Discovery Museum at Blandford Square, have been submitted to Newcastle City Council by Leeds-based student accommodation developer Nixon Homes.
The application is being handled by the Newcastle office of national planning consultancy Nathaniel Lichfield & Partners (NLP).
The development, which will include a selection of studio flats, along with a small commercial unit on the ground floor facing Blandford Square, has been welcomed by NLP for boosting the local economy while also aiding the expanding student population.
Ian Kettlewell, associate director at NLP, said: “The scheme will result in the creation of 145 jobs during construction and 15 to 20 spin-off jobs, resulting in the generation of an additional £750,000 into the economy during construction.
“When complete, it is estimated that the proposals will contribute £1.1m of annual expenditure associated with the growing student population within the city, in addition to the creation of approximately 10 full and part-time jobs.”
The Blandford Square plan is the latest in a series of recent Tyneside student accommodation developments. Almost 1,000 Northumbria University students will be housed at the new Trinity Square scheme, in Gateshead, and more than 350 student apartments have been built at the new Downing Plaza development just across the road from St James’ Park.
Meanwhile, developer Danieli Holdings has completed a ï¿½6m scheme in Shieldfield, east of Newcastle city centre, providing 105 flats for Newcastle University students.
The developments are helping free-up traditional student flats for families. Recent research has shown that hundreds of families have been forced to move out of Newcastle in the last few years due to a shortage of suitable accommodation.
Kettlewell added: “Through increasing the provision of purpose-built and price-competitive accommodation, students will begin to move out of lower-standard housing stock.
“This will make them less attractive to private landlords who will need to either sell or rent the properties to a different profile of occupier. As such, the proposals will assist in easing the current pressures on the Tyneside housing market through providing a greater range and choice of low-cost housing for first time buyers within the city and more affordable family housing.”
The scheme will result in the creation of 145 jobs during construction and 15 to 20 spin-off jobs