Developers building Newcastle’s skyscraper Hadrian’s Tower have submitted plans for their latest multimillion-pound housing scheme
High Street Residential – the firm behind the 27-storey tower currently under construction in Newcastle – also aims to change the face of private rented housing in Gateshead with a radical transformation of the Brett Oils site.
The firm plans to transform Brett Wharf, the former Brett Oils Depot, with a range of 264 one to three bedroomed apartments, duplexes and penthouses only a short walk from all the Quayside attractions on both sides of the Tyne.
Developers said each property is being designed with practicality and style in mind, also incorporating the latest technology and applications to support busy lifestyles and reduce energy costs. There will also be commercial and retail facilities.
Garry Forrest, chairman of the High Street Group of Companies, of which High Street Residential is part, 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.”
Meanwhile, work is progressing at the 83m high Hadrian’s Tower – Newcastle’s tallest building – and around three quarters of the 161 apartments already sold.
High Street Group, which recently acquired the Fat Buddha and Antler bars and restaurants in Newcastle out of administration, is also working on plans for the Pottery Lane plot, also based close to the river in Newcastle, which would be the third private rented sector (PRS) scheme to be built on Tyneside by the business.
