News of another development26 Oct 2017 14:21
today:
Https://www.insidermedia.com/insider/ireland/plans-in-for-12-storey-belfast-scheme1
"Plans in for 12-storey Belfast scheme
26 Oct 2017  Ireland
Revised plans to build a 12-storey residential scheme in Belfast city centre, which could create 160 jobs and would represent a �20m investment, have been submitted.
Lacuna Developments and Watkin Jones Group acquired 26-44 Little Patrick Street in July, with the site currently holding permission for 354 student studios.
The pair immediately set about drawing up new proposals for the area, with an institutional investor to forward fund the amended plans having been secured.
Now, the application has been submitted. It states that the new project, which would comprise 430 rooms, is "a more efficient and sustainable use of the land" which "reflects the applicant's experience of developing and operating similar schemes elsewhere".
It would cover 147,000 sq ft of space and include common areas, a reception, a quiet study area, an external courtyard and 100 bike spaces.
A planning statement drawn up by Turley outlines the economic impact the revised application could have including creating 160 jobs and supporting a further 54 roles. The development would also represent an investment of �20m.
"The need for student accommodation of this kind still remains and in particular, market experience indicates a strong need for a mix of accommodation to be provided," it read.
"The development will ensure the redevelopment of the site by a company which is committed to delivery in Belfast, as is evident from other operational schemes."
At the time the deal was announced, Anthony Best, managing director of Lacuna Developments, touched on the need for projects.
"In September 2019, the completion of the Ulster University campus will bring 15,000 more students and staff to this area of Belfast," he said. "The revised plans for Little Patrick Street will contribute less than 1 per cent of the accommodation required.
"Through our experiences with John Bell House, Dublin Road and Athletic Stores, we have built up our understanding of the student market and demand in Belfast. Our changes to the scheme will provide the right mix of studio and cluster bedrooms to meet demand from the market."