A MILESTONE has been reached in the multi-million pound transformation of the old cattle market site into a residential development.
Members of Rugby Borough Council’s (RBC) Cabinet were invited to lay a ceremonial first above-ground brick at the new apartment buildings which already dominate the skyline at the Market Quarter site off Railway Terrace.
Developer Cassidy Group, funder and owner Edmond de Rothschild Real Estate Investment Management, and contractor Metnor Construction have been working with the council over the last three years to turn the old cattle market into a four-building development comprising 360 rental apartments.
RBC’s growth and investment spokeswoman Coun Jill Simpson-Vince said: “The Market Quarter has transformed the former cattle market site and provided social housing, a medical centre, extra care apartments and a nursing home in the town centre.
“This development completes the regeneration of a key site and also contributes to meeting the borough’s housing need by offering rental apartments in a prime location.’’
Patric Cassidy, Director of Cassidy Group, said: “From first agreeing to purchase the site in 2018, I believed that we could create a new hub in the area. Regeneration is so important in towns like Rugby and I’m proud of the work that has been done so far.”
The development, which will feature communal facilities including a gym and a ‘work from home’ space, is scheduled to be completed at the start of 2023.