Lancaster City Council has approved the development of the £4.5m third and final phase of Placefirst’s West End project, bringing a further 42 apartments to the area.
Architect MCAU has designed the Bold Street project, which includes one- and two-bedroom apartments at a brownfield site close to Morecambe’s promenade. West End Three will occupy half an acre previously occupied by a series of terraces and commercial premises.
Placefirst, a specialist in the developing for rental sector, won plaudits for the development of the first two phases, which saw 51 and 59 homes built respectively.
This final phase will see Placefirst start construction in 2021 and then let, maintain and manage the apartments ongoing as landlord for the scheme.
David Mawson, chief executive for Placefirst commented: “We’ve worked collaboratively with Lancaster City Council for several years to help it deliver the continuing regeneration of the West End and Morecambe as a town. We’ve played a pivotal role in both changing the perception and the attractiveness of the area as a place to live, with Bold Street set to continue in the same vein.”
“As a build-to-rent developer, we’re also excited to be able to stay close to the West End area and help shape its future legacy, by managing and maintaining properties for tenants looking for long-term rental alternatives to outright ownership and rising house prices.”
Cllr Caroline Jackson, Lancaster’s cabinet member for housing, added: “Placefirst’s West End One and Two developments have been a great success. The new apartments on Bold Street will fit in with council ambitions to reduce our carbon footprint.
“They will be energy efficient and feature solar photovoltaic panels that help to address the climate emergency.”