Placefirst in partnership with MCAU architects has secured planning approval for a £4.5m build-to-rent development in Morecambe.
The 42 one- and two-bedroomed apartments will be built on the brownfield site close to Morecambe’s promenade.
Placefirst previously completed the first and second phase of its development work in the West End area of Morecambe back in 2016 which saw 51 and 59 homes built respectively.
This third, final phase at Bold Street will see Placefirst commence construction in 2021 and then let, maintain and manage the apartments ongoing as landlords for the scheme. Through partnering with MCAU, the developer has successfully balanced modern design aspirations with planning policy requirements.
David Mawson, chief executive for Placefirst commented: "We’ve worked collaboratively with Lancaster City Council for several years to help it deliver the continuing regeneration of the West End and Morecambe as a town. We’ve played a pivotal role in both changing the perception and the attractiveness of the area as a place to live, with Bold Street set to continue in the same vein.
We’re proud that West End Three continues our work with the local council, to deliver significant regeneration in Morecambe. As a build-to-rent developer, we’re also excited to be able to stay close to the West End area and help shape its future legacy, by managing and maintaining properties for tenants looking for long-term rental alternatives to outright ownership and rising house prices."
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