St. Modwen, the UK’s leading regeneration specialist, has gained planning permission for a new 175-home residential development at its multi-million pound urban community at Leicester Road, Rugby.
This will be the final phase of the developer’s highly successful 70 acre mixed-use regeneration scheme on the site of the former Alstom industrial complex.
The consented scheme will include two, three and four bed family homes and brings the total number of residential properties developed by St. Modwen and its specialist housebuilding business, St. Modwen Homes, at Leicester Road to 550.
As well as housing a new community, the A426 Leicester Road regeneration scheme also incorporates the fully-let 110,000 sq ft Technology Retail Park which, when it is completed in September 2015, will accommodate Homebase, Wickes, Pets at Home and Bensons For Beds. There is also a family-friendly Greene King “Hungry Horse” pub; six acres of public open space; play areas; landscaping; and pedestrian and cycle links.
Located within two miles of the M6 motorway, the scheme is close to existing shops, services and Rugby Train station. It is also minutes from the £35 million Warwickshire College, which was constructed by St. Modwen and opened in 2010.
Peter Rudd, senior development surveyor at St. Modwen, said: “This will be our final phase of housing at the Leicester Roadsite, and it will really round off the work we’ve done here. The development will bring much-needed family homes to Rugby, and complete what has become a vibrant mixed-use community.”