Cole Waterhouse has entered into a £70m joint venture with Domis to kick off the first phase of its 1,000-home development.
Located on the eastern edge of Leeds City Centre, Leeds Urban Village (also known as LuV) is the brainchild of Tonia Investments and Cole Waterhouse.
Phase one has commenced and will see 239 BTR homes being built followed by a further 239 BTR homes as well as 113 affordable homes in 2026.
Building work on site has started and is expected to finish in 2028.
Overall, Leeds Urban Village will comprise of 1,012 residential apartments across five towers ranging from 13 to 23 storeys.
Leeds Urban Village will feature up to 18,000 sq ft of ground-floor commercial and residential amenity space, activating the street level with cafés, retail, co-working, and lifestyle uses.
The development is expected to create circa 600 jobs during the construction phase and up to 313 additional jobs once built.
Simon Gallanders, Managing Director at Cole Waterhouse commented: “Furthering our excellent partnership with Domis enables us to undertake this exciting project with Eldridge.
“We are also most grateful to WYCA for their support. This is our first equity Joint Venture with the professional team at Domis and we are all excited to bring forward the first phase of LuV, which will be one of the catalysts for the further regeneration of this part of Leeds, demonstrating our confidence in delivering much needed housing in this key part of the city.”
Tracy Brabin, Mayor of West Yorkshire, said: “Leeds has been rightly recognised as a national growth opportunity, and this new development will see hundreds of homes built for local families, backed by our
multimillion-pound Brownfield Housing Fund.
“By investing in the new homes our region needs, we’re putting a safe and secure roof over people’s heads, driving the regeneration of our towns and cities, and building a brighter West Yorkshire that works for all.”
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Featured image – Supplied
