Proposals to create a plush riverside apartment scheme on Tyneside have taken a major leap forward after plans were submitted by developers.
High Street Group announced proposals last year to create hundreds of flats at two key sites overlooking the River Tyne, at the Brett Oils in Gateshead, and land on Pottery Lane, in Newcastle.
The group has been at the forefront of a drive to create more PRS apartments around the UK, with its High Street Residential company currently constructing or preparing to build eight developments in Manchester, Birmingham, Milton Keynes, Salford and Warrington.
Now the firm, which is currently building Newcastle’s tallest building Hadrian’s Tower, is aiming to meet growing demand for rented housing from young professionals in the North East, through the construction of the trio of developments.
Plans have been submitted which detail how it aims to transform Brett Wharf, the former Brett Oils Depot in Gateshead.
Proposals show how it will feature 264 one to three bedroomed apartments, duplexes and penthouses, with views across the Tyne.
The firm said the flats will all be future proofed using the latest technology and applications to support residents’ busy lifestyles, while also reducing energy costs.
The plans also include commercial and retail space.
High Street Group chairman Garry Forrest said: “Developments like Brett Wharf are helping to tackle the demand for housing for young professionals working in the city.
“The average age of a first time home buyer in the UK is over 30 and people are increasingly choosing to rent. Already 19% of people do so and that figure is expected to rise rapidly over the next 20 to 30 years.
“We aim to meet this demand, by delivering high quality living spaces in town and city centres, with communal relaxation and leisure facilities where people can meet, form friendships and build new communities.”
