The development will involve an investment of around £50m. Commercial and retail buildings are going to be central to the regeneration of the district. Booklet printing from local brochure printers could be used to promote what is available when the construction work is completed.
Councillor Ann Lucas told Business Quarter:
“Belgrade Plaza is a key site in the city centre. The first phase, which saw the arrival of the Premier Inn and the adjoining restaurants, has proved very successful and this development will only further stimulate this area of the city.”
Councillor Lucas added that the plan is critical to the economy of central Coventry. She also said that she wanted the building work to be finished by next year. The aim of the development organisation Downing is to complete construction by the autumn of 2017, so her wish may well be granted.
The old car park area is located in the vicinity of Hill Street, Ryley Street and Bond Street. On completion, the student bedrooms will be next to more than 40 apartments. There should be approximately 600 bedrooms available for the students. The commercial and retail space is intended to occupy 12,000 square feet of space.