Moda Living has appointed sister company Caddick Construction to deliver 515 build-to-rent homes in Leeds city centre
Designed by DLG Architects, the build-to-rent homes will be spread across two 16-storey blocks, with a new public courtyard in between the buildings.
It will also feature rooftop terraces overlooking the city centre and two commercial units on the ground floor.
The build-to-rent development, at New York Square, will host a range of on-site amenities, such as flexible workspaces, a cycle hub, and health and wellbeing facilities, with access to everything included in the rent.
Services include 24-hour concierge and round-the-clock professional management. The MyModa app will enable residents to report maintenance issues, book events, and acts as the apartment key.
Work on the build-to-rent scheme is due to start this month.
Together with Apache Capital Partners, Moda has over 7,500 rental homes across England and Scotland.
Cities like London, Manchester, and Birmingham have all seen a lot of build-to-rent activity and New York Square will be one of the first, high-quality build-to-rent schemes in Leeds.
The homes at New York Square, where Moda will be a mix of studio, one, two and three-bedroom apartments. A unique two-bed sharer layout will provide the perfect solution for sharers – two equally-sized bedrooms, with en-suites on either side of shared living space.
Other Caddick developments
The build-to-rent scheme forms a key part of the new £300m SOYO neighbourhood being delivered by Caddick Developments.
Other Caddick Construction projects include the £33m Hudson Quarter development in York and the £43m redevelopment of Headingley Stadium in Leeds.
Caddick Construction, Caddick Developments, and Moda Living are all part of the Yorkshire-based Caddick Group, which reported a turnover of over £200m this year.
Caddick Group recently agreed to help Leeds City Council create a 100,000 sq ft complex at the site of the old Polestar Petty works to host media and TV companies, attracted by Channel 4’s new nearby headquarters.
Johnny Caddick, managing director at Moda Living and director at Caddick Group, said: “New York Square marks the first phase of SOYO, which will regenerate a car park into a new and exciting city centre neighbourhood.
“Moda’s aim is to raise the bar for rental in the city, creating high-quality homes and strengthening the appeal of city centre living for all.”
Martin Farrington, director of City Development for Leeds City Council, added: “On the back of the new City College and refurbished Leeds Playhouse, it’s fantastic to see Moda bringing their residential development forward.
“This is a real statement of confidence in Leeds and a further boost to the city. Since 2013 Leeds has delivered more new housing than any other Core City in England and the start of Moda’s scheme will help to ensure that we continue to meet our housing targets and support the development of a thriving cultural neighbourhood.”
Roger Marsh OBE, chair of Leeds City Region Enterprise Partnership, added: “With a dynamic economy, vibrant urban hubs and outstanding standard of living, the creation of high-quality housing is key ensuring that Leeds City Region is not just best for business but best for lifestyle and for talent.
“This development highlights the confidence and momentum of investment into Leeds city centre and the wider Leeds City Region.”