Developers behind 123 York Street, close to the new Ulster University development in the city centre, are set to begin work as early as the beginning of next year on their 407-bedroom site.
But it’s understood those behind the scheme have also now taken on nearby buildings, 48-52 York Street, in order to develop them into more student rooms. And there are already early plans to demolish the building and construct a nine-storey development, with 200 bedrooms.
That initial scheme also has outline planning permission. York Street (No 1) Ltd is the firm set up to run the initial 123 York Street development, with funding coming from UK firm Custodian Capital.
Lagan Construction has also been named as the preferred construction partner for the original 407-bedroom development.
In a letter from Lagan included in a design and delivery statement, it said it had been in discussions with the developers with a view to negotiating a price for the construction of the proposed development.
It said following constructive discussions, Lagan is now the preferred construction partner for the site and a budget price for the consultation of the building has been worked up….