A Swansea-based property developer has acquired a prime piece of city centre real-estate, with plans to create 27 apartments on Kingsway Circle, targeted at professionals and families, as part of the ongoing renaissance of the City Centre.
St Mary’s Square Developments Ltd has submitted pre-planning documents to Swansea Council’s planning department for 27 large apartments as well as eight commercial units, on the plot which runs from Barons Court, the former Barons Night club, to a section of Princess Way.
Swansea BID has welcomed the nascent plan, which has already drawn interest from potential commercial investors, as an important step in the reconfiguring of Swansea City Centre, to ensure it enjoys an increasingly vibrant future.
Peter Loosmore, Co-director of St Mary’s Square Developments Ltd, says:
“We are pleased to bring this ambitious plan for the Kingsway Circle to the table and we are keen to see it progress through planning and come to fruition.
“We have already carried out several very successful mixed-use developments in the City Centre comprising apartments and commercial space – in prime locations across the City Centre, namely, in Princess Lofts, Llanfair Buildings next to St Mary’s Church, and Churchill Buildings on Walter Road.
“Our plans for the College Street development are our biggest to-date and they are different in that they include large apartments with some of these potentially having three bedrooms, which we hope will attract families as well as professionals to live in the City Centre. When you consider the model it’s not difficult to see that the more people we have living in the City Centre, the more people will use the shops, restaurants and bars.”
“We made the decision to invest a lot of time and money into the City, since we are from Swansea and we are acutely aware of the fact that Swansea City Centre is going through one of the most exciting periods of its development. This is something we are keen to play a part in.”
Swansea BID Chief Executive, Russell Greenslade, said:
“It is really pleasing to see a local developer submitting such exciting plans for a key location in our City Centre BID area. This speaks volumes about the sense of optimism, confidence and the eagerness to press ahead with Swansea City Centre’s redevelopment.
“Developments like these, which encourage families and professionals to make the City Centre their home, can do much to inject added vibrancy into the area and to create communities that can help to sustain our high streets and to future-proof them, and it is telling that, even in its earliest stages, this plan has drawn interest from commercial investors, keen to move in to our Swansea City Centre BID area.”