Work begins on £20m Waterfront South Phase 2 housing scheme
Published date : 13 September 2010
Work on another 164 new homes at the flagship Walsall Waterfront South project is now underway after £6.5m of Government funding for the second £20m phase of the development.
On this Jessup Development, Caldmore Housing will manage 82 apartments through Matrix Housing Partnership as affordable homes. Jessup Build Develop will provide the other 82 homes for private sale and rent.
The funding is being provided by a Homes and Communities Agency (HCA) 'Kickstart' grant in a deal co-ordinated by Walsall Regeneration Company, and is the largest kickstart investment being given by the HCA in the West Midlands.
Walsall Regeneration Company has spearheaded significant inward investment in to Walsall over the last 6 years.
Preparatory work on the second phase is now underway with major construction due to start in March 2011 and due to last about a year.
Work on the first phase of 158 properties, which secured £8.7m from the HCA, is already well advanced and due to be completed by Jessup in the Spring of 2011.
The total cost of both phases of the Waterfront is around £65m, creating 322 homes for rent and sale. The site also includes office and retail space expected to create 200 jobs.
Mike Hew, Chief Executive of Caldmore Housing, said: "This fantastic scheme will create much-needed high-quality accommodation in the town and is a testament to the ongoing progress and development of Caldmore Housing as part of the Accord Group."
Clive Jessup, chief executive of Jessup Build Develop, said: "This development has been made possible due to the strong collaborative partnership we have established with the HCA, Walsall Regeneration company, Walsall Council and Matrix Housing Partnership over the past 5 years."
Brian Lowe, chairman of Walsall Regeneration Company, said: "This is brilliant news for the borough and represents another crucial element of the ongoing regeneration of the town centre and beyond."
Councillor Adrian Andrew, Walsall Council Cabinet Member for Regeneration, said: "This is another piece in the jigsaw of regenerating our borough and creating communities and homes for the future. It is true partnership working that has made this happen and the policies that we have put in place to ensure Walsall is on the map for national funders."
Paul Spooner, Director for the HCA West Midlands, said: "Strong partnership working and the ability of local partners to deliver has seen this scheme fair very well in both rounds of Kickstart and we are delighted with the progress being made on the scheme to boost the regeneration of Walsall town centre."
For more information, please call Claire Morrall, Accord on 0121 500 2340
Notes to the editor:
About the Accord Group:
The Accord Group is a family of seven organisations which work together to provide 11,000 homes and a range services, including Care & Support, to about 40,000 people across the Midlands and beyond.
The Group is one the largest housing associations within the West Midlands Region, employing almost 1,200 people and operating with an annual turnover of £55m.
All Group members share the same overall Mission and Values while retaining their own identity, governance structures and ethos, and contributing their unique skills and expertise to the wider Group.
The Accord Group partners are Accord, Ashram, Caldmore and Moseley & District housing associations, bchs community regeneration agency, Fry Housing Trust and Redditch Co-operative Homes.
The Group is not-for-profit and specialises in involving customers and communities in shaping the homes and services it provides. Offices are based in Birmingham, Coventry, Redditch, Rowley Regis, Walsall and West Bromwich.