Property company Glenbrook has been chosen by Leeds City Council as the preferred bidder for a 0.18-hectare plot in the heart of the city’s South Bank.
Subject to sale of the site and planning permission being granted, it will be home to a high-quality residential scheme that will include affordable housing.
Daniel Roberts, development director at Glenbrook, said: “The opportunity at Meadow Lane builds on our existing development pipeline in the city and we look forward to collaborating with our public sector partners to deliver more high-quality housing in the city centre.”
The site was created as part of a recent transformation of Meadow Lane by the council that involved the reconfiguration of the highway, the removal of the old Hunslet Lane surface car park and the laying out of green space.
The new building would, it is anticipated, complement existing landmarks such as the David Oluwale Bridge and the Hibiscus Rising sculpture, and also act as an impressive linking point between the nearby Aire Park development and the rest of the city centre.
Revenue from the sale would be welcomed by the council, which is currently facing unprecedented budget pressures. Coun James Lewis, leader of Leeds City Council, said: “We’re determined to do whatever we can to help unlock major residential and commercial developments, including new affordable housing, across the South Bank and the rest of the city centre.
“The value of such an approach is underlined by the new use planned for this prime piece of land, which was opened up for potential purchase and development as part of our work to regenerate Meadow Lane and the surrounding area.”
The site was marketed for the council by the Leeds office of global real estate firm Cushman and Wakefield.
Running along the southern side of the River Aire, Leeds’s South Bank covers the equivalent of 350 football pitches.
