Investment News | 25 June 2024

Progress continues on new urban village scheme

Share this post:

Progress continues to be made on a new £100 million urban village scheme being created in Derby city centre.

The Castleward Urban Village scheme is transforming underused brownfield land into a thriving residential neighbourhood, and now more and more residents are calling the city centre home.

To date, 300 properties have been built including 73 affordable homes managed by The Riverside Group.

To celebrate this continued progress, Derby City Council cabinet members recently visited the some of the homes from Phase Three of the development, along with Bruce Lister, managing director at Compendium Living, which is delivering the scheme, and Ian Woodland, regional development lead from Riverside.

Demolition work is well underway for Phase Four at Castleward.

This penultimate phase will see a further 112 homes created. In all, the project will deliver around 800 new homes, complemented by a tree lined boulevard, new primary school and retail space.

Mr Lister said: “Castleward is a key project for Compendium Living, bringing an underused brownfield site back to life as a high quality, diverse residential area.

“We are delighted to be working in partnership with Riverside and Derby City Council to transform it into a thriving place where people want to live, and it’s great to see people moving in and enjoying their new homes.

“Now that Phase Three is successfully completed, we are looking forward to starting work on the next phase this summer.”

Related Articles...

This will close in 0 seconds