Designed by Staniforth Architects, the latest application for the site at the junction of Wellington Street and Rockingham Street has been down-sized because of rising construction costs from a previously approved 1,380 flats scheme that would have risen to 38 storeys.
The scaled-down 960-flats scheme will include a cinema and gym split across three connected blocks rising from 12 to 26 storeys.
The latest re-engineered plan for a smaller 36,560 m2 building comes after attempts to reduce affordable living and £1.5m CIL contributions were rejected.
Previously consented scheme, designed to have been Yorkshire’s tallest building, has been downsized due to rises in the cost of borrowing and construction
Since the first 2019 application, build costs have jumped 22% to £2,092 m2. This has taken the building cost of the revised project to around £76m, and the total project cost before finance to £97m.
Under the new plan, the developer aims, subject to planning, to start pre-construction this summer with main construction getting underway before the end of 2023.