“Stylish” £10m development takes shape at North Shields Fish Quay
Construction work is ramping up at a new multi-million pound residential development at North Shields Fish Quay.
Developer Ian Stewart is leading the Shepherds Quay project to build 49 apartments and one townhouse in three blocks on the site of a former rubber factory on Clive Street.
Designed by Newcastle-based Napper Architects, the riverside development will provide a range of apartments with off-street parking amid landscaped space.
Ian Stewart explained: “Shepherd’s Quay will be a stylish development that sits right on the riverfront in an area that offers cultural experiences, vibrant restaurants, bars and coffee shops with something for everyone to enjoy.
“I am delighted that it is finally underway and believe that it will add significantly to the area by providing quality homes in the most attractive of settings.”
The homes are being funded through a joint venture which brings together Mr Stewart’s UKQ Clive Street vehicle with Next Level Developments (part of housing association group Karbon Homes) and the government’s Homes England agency.
Sarah Robson, development director for Karbon Homes, commented: “It’s a great opportunity for Next Level Developments to get involved in this ambitious, high quality development.
“This is a first class site which we’re confident will provide fantastic homes with amazing views.
“Supporting a market driven project like this means Karbon can re-invest in our development programme elsewhere in the region which will deliver around 500 new affordable homes this year.”
Lewis McNicholas, senior manager in development finance for Homes England, added: “Accelerating housebuilding remains a top priority for the Government and through the Home Building Fund, Homes England is able to support SMEs to unlock sites for development.
“This funding will support Ian Stewart and Karbon Homes to regenerate this brownfield site and support the wider regeneration of the iconic Fish Quay.”
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