Birmingham based investor and asset manager Mercia Real Estate acquired the one-acre site, which is located at 10-38 Birmingham Road – on a key route from Sutton Coldfield into Birmingham city centre, in October 2018.
Plans have been drawn up for the phased demolition and construction of the current buildings to ensure that the existing tenants can be accommodated and retained and in order to avoid too much business disruption. The current buildings will be replaced with a mixture of purpose-built retail units tailored towards the independent nature of the current occupiers. The existing tenants are to be offered first refusal on the new scheme. A mix of 66 modern and spacious one and two bedroom apartments, including two duplexes, distributed across three floors above the retail units will also be introduced, with thirty-seven residents parking spaces at the rear.
The development, once complete, is designed to reflect and complement the attractive art deco styles of the surrounding areas while residents of both the development and surrounding area will benefit from a completely revitalised high street.
CEO of Mercia Real Estate, Samuel Clark, said: “This site is in a prime position in the highly desirable areas of Sutton Coldfield and along a key route into Birmingham, however over the years it has become tired.
“Our plans, once approved, will see the site given a completely new lease of life, laying the foundations for businesses to thrive, create jobs, and creating an attractive and vibrant entrance to the town and a place for the community to eat, shop and live.
“We look forward to plans being approved and getting to work on this exciting development.”