Moda Living has received planning approval for a new BTR community on the former Heworth gasworks site in York.
Outline approval for the whole site was granted in 2020 and Moda Living has now received reserved matters planning permission for 392 new homes in a mix of studio, one-, two- and three-bed homes, along with extensive state-of-the-art amenity spaces including private dining rooms, 24/7 gym and fitness centre, a cinema room and a 24-hour concierge.
The development, which is part of Moda Living’s £2.5bn prime multi-family BTR portfolio with investment partner Apache Capital, will have a community green at its heart in addition to new landscaped green space open to the public.
In addition to the gym, residents will be given free access to the home fitness app FIIT and thanks to a partnership with mental health expert MYNDUP they will receive subsidised access to services including counselling, meditation, and life coaching.
Tony Brooks, Moda Living managing director, said: “As a Yorkshire-based family business, we are very excited to have been given the go ahead to bring this new generation of rental living to York. Our ethos is to put the needs of residents at the heart of everything we do, and so we offer deposit-free living, encourage wellness in both physical and mental health and run a regular programme of events for residents, designed around their interests and demands, to build a community they love being a part of.
“The private rental sector continues to prove its resilience, and the demand for new homes combined with quality of product means we are confident that Heworth Green will prove a valuable addition to the city of York and its communities.”
John Dunkerley, CEO of Apache Capital, added: “This is an important next step in the growth of our prime multi-family portfolio, with a model focussed on premium quality and service, and high amenity provision in core regional economies. Our operational schemes have illustrated the resilience of the class A multi-family model in a sector already attracting heightened interest from income-seeking investors, and Apache Capital and Moda have set the standard within it.”
Works are expected to start early next year.
