Construction work is now well underway on the third phase of the popular Castleward development in Derby city centre, as part of the £100 million regeneration project.
Regeneration specialist Compendium Living, Derby City Council, Lovell and Riverside marked the occasion with a breaking-ground ceremony on the brownfield site, located on John Street.
Castleward is one of the city’s largest housing projects, and in total will provide around 800 new homes. The project, which sits between Derbion shopping centre and Derby Midland Station, will see 15 – 20 years of redevelopment, also providing green space and 35,000 square feet of commercial retail space.
The third phase of Castleward will consist of 82 new homes, comprised of one and two-bedroom apartments and two-bedroom maisonettes. The range of homes have been designed to appeal to first-time buyers, downsizers, commuting professionals and growing families.
Compendium Living will provide 55 properties for open market sale, and the remaining 27 will be affordable homes for housing association, Riverside.
Work on phase three is expected to be completed in early 2024, and the show property is set to open its doors in 2023.
Bruce Lister, Managing Director at Compendium Living, said:
We are excited to have officially commenced work on the third phase of Castleward, and to have celebrated this occasion with our partners.
This ground-breaking marks an incredible milestone for Compendium Living. We’re very proud to be continuing our investment in Derby and furthering the regeneration of the Castleward area. Along with Derby City Council, Riverside and Lovell, we are transforming this brownfield site into a vibrant and sustainable new community.
We are very much looking forward to welcoming more residents into their brand-new homes.
Councillor Steve Hassall, Cabinet Member for Regeneration, Decarbonisation, Strategic Planning and Transport for Derby City Council, said:
We’re thrilled to see work beginning on the next phase of the Castleward redevelopment.
The first two phases have already delivered an excellent range of homes and commercial space, as well as an attractive gateway to the city from the railway station, not to mention regeneration of a brown field site. Now we are looking forward to seeing these new homes taking shape and adding to this exciting project over the coming months.
We’re keen to attract new residents to our city, as well as provide options for locals who may consider city centre living. Having brand new state of the art homes in the heart of Derby will help that come to fruition.
Tim Mansell, Regional Operations Director at Lovell, said:
The commencement of Castleward Phase 3 is another exciting milestone in our long-established association with our Compendium Living partners and the Castleward development. The construction of Castleward Phase 3 demonstrates Lovell’s commitment to Derby and the East Midlands, and is a very welcome addition to our growing portfolio of work managed from our new East Midlands Regional Office, opened in January 2022.
Ian Woodland, Regional Development Lead at Riverside, said:
Having been involved on the two previous phases, and seen the great benefits that residents have gained from their new homes at Castleward, Riverside are really excited to be involved in this latest development. It’s great to see the ambitious plans for the regeneration of the area being converted into reality.