The £21m Plaza 1821 has become the first of three consented residential buildings at Princes Dock to start on site, developed by Peel Land & Property and Regenda Group.
Peel and Regenda were granted planning permission for the Hodder-designed block in August. The 15-storey building totals 105 one- and two-bedroom apartments, alongside ground floor retail and amenity space.
At around 85,000 sq ft, the apartment block will be built as Peel’s first PRS project, and then bought by Regenda and managed by its PRS subsidiary, Redwing Living.
On the neighbouring plots at Princes Dock, housing association Your Housing Group has consent for a 30-storey tower totalling 276 apartments, designed by Brock Carmichael. In 2016, Moda Living secured permission for a 34-storey PRS tower, made up of 304 flats designed by Falconer Chester Hall.
Contractors have been rumoured for both projects but there have been no announcements of a start date.