Multi-million pound showpiece under way
CONSTRUCTION of 290 new homes is under way today on the site of the former Maltings on the waterfront in Ipswich. The £84m scheme, called Regatta Quay, is the prime site and centrepiece of the waterfront regeneration and comprises apartments and penthouses totalling 215,000 sq ft together with some 40,000 sq ft of commercial space and a new theatre.
CONSTRUCTION of 290 new homes is under way today on the site of the former Maltings on the waterfront in Ipswich.
The £84m scheme, called Regatta Quay, is the prime site and centrepiece of the waterfront regeneration and comprises apartments and penthouses totalling 215,000 sq ft together with some 40,000 sq ft of commercial space and a new theatre. Building is expected to be finished in around two years.
Garry Coaley, chairman of developer and regeneration specialist City Living Developments, said: "We are very committed to development in the region.”
"Regatta Quay in Ipswich is very important to us - we see the town as having fantastic potential. It is centrally located in a very attractive area and is only an hour by train from Liverpool Street Station in the City. It has everything going for it
“As well as the Ipswich scheme, we are working on two major projects in Norwich - Paper Mill Yard, a scheme of 180 apartments alongside the River Wensum, which is due to launch early February, and the former Ikon Club opposite the Cathedral being a conversion and new - build scheme of 17 apartments and a signature restaurant unit."
Savills, selling agent for the developments in Ipswich and Norwich, has set out its stall on the Ipswich Waterfront by opening a dedicated new homes office in anticipation of the launch of Regatta Quay next Thursday .
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A full-size mock up of a two bedroom show flat is available to view 7-days a week between 10am - 5pm.The Norwich show flat will be open to the public in the first week of February.
City Living Developments is involved in many other regeneration projects across the country, including a completed warehouse conversion in London Docklands and a new hospital in Milton Keynes through its Healthcare subsidiary.