A landmark £23.5 million residential development, which will be the first scheme to complete within Leeds city centre’s Kirkstall Road renaissance, is immediately proving popular with two thirds of apartments already sold, ahead of the 10-storey building’s completion next month.
The Residence is being developed by KMRE Group and consists of 111 generously sized one, two and three bedroom apartments, as well as a selection of penthouses with large terraces and stunning views across Leeds and beyond. The homes are being marketed by Linley & Simpson with Morgans, and the scheme also includes 2,400 sq ft of commercial space and 25 parking spaces.
The development sits at the very eastern end of Kirkstall Road and is surrounded by sites earmarked for residential development stretching from the Canal Road viaduct to the western end of Wellington Street, which is just a three-minute walk away from The Residence.
These include land between Kirkstall Road and the River Aire where Clarion Housing Group’s Latimer Developments plan to build 1,437 mixed tenure homes. Nuvu Living is due to start work nearby on 272 social and affordable homes.
The former Arla site also has outline consent for 630 homes for Marshall CDP and construction work is now well underway on a new apartment development on the former Burley Liberal Club site, at the junction of Willow Road and Burley Road.
Kam Mogul, managing director at KMRE, said: “The Residence is a striking building which is already becoming a landmark on the Kirkstall Road corridor, ahead of its completion at the end of November.
“Since we unveiled our plans for The Residence, numerous other robust and well-funded developers have invested in neighbouring sites that will all completely transform Kirkstall Road over the coming years and create a bustling area, with its own identity, where people aspire to live. There’s no doubt The Residence will set a benchmark for all the other new developments that are now planned in this part of Leeds.”
Jonathan Morgan from Linley & Simpson with Morgans, said: “Kirkstall Road’s renaissance is now moving forward at pace. KMRE identified the potential early on and with two-thirds of The Residence already sold, it’s evident that buyers share the developer’s confidence.
“Independent operators such as Kirkstall Brewery and Taproom, Archive and My Lahore have also sensed the winds of change and opened new and successful venues, which are helping to distinguish the area’s character, as well as being ideally located for The Residence.
“In addition, residents will benefit from an easy walk to the LGI and Law Courts which are 12-minutes away, the railway station which is a 15-minute walk away and Leeds University or Holbeck Urban Village along the canal, which are both around a 16-minute walk away.
“We’re already generating significant interest in the remaining apartments as the development approaches completion, from both owner occupiers and investors alike. Every home has been designed to be generously sized and the remaining penthouses offer large terraces and far-reaching views.”