A landmark build-to-rent scheme which will see 515 homes delivered in Leeds city centre has celebrated a major project milestone.

Moda Living has awarded sister firm Caddick Construction the contract to build the homes, consisting of two C-shaped 16-storey blocks. This deal also includes the delivery of a new public courtyard and two commercial units at ground floor.

Designed by award-winning DLG Architects, the New York Square development will also host a range of on-site amenities, such as shared lounges, flexible workspaces, a cycle hub, and health and wellbeing facilities, with access to everything included in the rent. 

The development forms a key part of the new £300 million SOYO neighbourhood being delivered by Caddick Developments, another sister company of Moda Living. In addition to the 515 Moda rental homes, SOYO will include a new hotel, bars, restaurants, further residential, a multi‑storey car park as well as high quality public realm and open green spaces. The West Yorkshire Playhouse has also recently competed an extensive refurbishment.

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Johnny Caddick, managing director at Moda Living and director at Caddick Group, said: "This is a real group-wide effort and demonstrates Caddick's cross-sector strengths in both property development and construction as well as underlining our ability to deliver institutional-grade assets.

"New York Square marks the first phase of SOYO, which will regenerate a car park into a new and exciting city centre neighbourhood. Moda's aim is to raise the bar for rental in the city, creating high quality homes and strengthening the appeal of city centre living for all."

Roger Marsh OBE, Chair of Leeds City Region Enterprise Partnership and NP11 added: "I am delighted that the first phase of Caddick Developments multi-million pound SOYO scheme will start later on this year with the construction of these city centre apartments.

"With a dynamic economy, vibrant urban hubs and outstanding standard of living, the creation of high quality housing is key ensuring that Leeds City Region is not just best for business but best for lifestyle and for talent.

"This development highlights the confidence and momentum of investment into Leeds city centre and the wider Leeds City Region."

Caddick Construction will begin work on site at New York Square later this month.

(CM/JG)