Southampton is seeing several developments out of the ground which will shortly bringing new property to the market. Tower cranes are dotting the Southampton skyline.
While much of the new development work in the town is related to the University, like the £20 million cylindrical student accommodation building called the Swaythling, and the student village being built on a site by the Mayfield Theatre, open market housing developments, typically one at Admirals Quay in Ocean Village, which features Southampton’s tallest building, a 26-storey residential block, due for completion in 12 months time, are also booming.
On the 24 acre site of the former Ordnance Survey offices in Romsey Road, a £40 million development by Kier Group is taking place. Kier sold 11 acres of the site to Taylor Wimpey who are now marketing a range of houses from the 193 they are building, while the former Compass house has had a £3.4 million refurbishment and is now mostly occupied with a few remaining units vacant.
At Centenary Quay, the £500 million riverside development at the former Vosper Thornycroft shipyard, which is a Crest Nicolson project , started in 2009 and is now in it’s second phase, of 329 new homes, shops, cafes, restaurants and a new Morrisons supermarket. 102 of the homes there have been funded by the government’s ‘Build to Rent’ scheme to the tune of £3.5 million.
At the University of Southampton’s Boldrewood campus a new, £116 million Global Technology Centre is under construction for the marine industry’s Lloyd’s Register, which will relocate its 350 research experts there when completed next year. It will lead the world in helping to develop the solutions that will support safer, cleaner, more efficient shipping and offshore activity,” said Richard Sadler, Lloyd’s Register’s Chief Executive Officer.
Hammerson’s outline plans for it’s £70 million mixed-use development “Watermark WestQuay” have been approved and detailed planning is now underway.
Council leader councillor Simon Letts said: “All this is not the end, it is just the beginning of a renaissance for the city which is great news.
“The fact we are now seeing construction on an unprecedented scale shows the confidence the private sector has in Southampton’s economy.”