Sunderland鈥檚 Farringdon Row will be the third Placefirst built-to-rent development to be built by Caddick Construction.
The appointment will see Caddick build a new development of 165 homes, comprising a mix of townhouses and apartments. The development will be the second new neighbourhood under Sunderland City Council鈥檚 Riverside Sunderland masterplan for 1,000 new homes in the city centre.
Delivered from Caddick鈥檚 new Durham office at Belmont Business Park, Farringdon Row adds to the Yorkshire contractor鈥檚 growing northeast portfolio as it increases its focus on a regional project pipeline.
Farringdon Row also adds to Caddick鈥檚 work for Placefirst following the completion of BTR schemes at Deansgate Gardens in Bolton and Bolt Works in Halifax.
Placefirst development director Phil Jones said: 鈥淥ur partnership with Caddick has gone from strength to strength through several successful projects. Now, Farringdon Row will play a key role in continuing to improve the standard of city centre living in Sunderland, through high quality, sustainable homes and green spaces.鈥�
Cllr Kevin Johnston, Sunderland City Council cabinet member for housing, business and regeneration, said: 鈥淏oth Caddick Construction and Placefirst have proven track records of building and delivering high-quality, built-to-rent urban housing developments, so we are excited to be partnering with them to transform this city centre site into a stunning new community that will have stunning views across the river and riverside park.
聽鈥淚t will help fill the gap for much-needed rental housing while also providing a major boost to the high street, bringing footfall from residents, and encouraging more businesses to relocate here. It is yet another huge milestone for Riverside Sunderland, a place that is now widely recognised as being among the UK鈥檚 most ambitious and exciting city centre regeneration projects.鈥�
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