The scheme, designed by Birmingham firm K4 Architects Ltd, will include the restoration of the existing, locally-listed, Gunsmith House, and provide 46 one bedroom, 38 two bedroom and 1 three bedroom apartments in total.
Gunsmith House will contain three apartments with 1, 2 and 3 bedrooms and alongside its restoration, Elevate is building three linked blocks of four and five storeys.
David Hofton, Elevate’s sales and marketing director, said: “Within this new gated community, particular attention has been paid to outside space, the importance of which was emphasised during the pandemic.
“We have a peaceful inner garden for residents’ exclusive use which is overlooked by balconies on many of the apartments, thus providing the maximum outside space for an inner city development.
“There is some parking provision for cars, plenty for bikes plus a number EV charging points.”
The multi-million pound project is Elevate Property Group’s tenth scheme in Birmingham alone, with work also currently underway or due to start in Ashford, Kent, Nottingham, Derby and Malvern.
Construction will begin before the end of 2021 with completion projected for the first quarter of 2023.
David Hofton added: “Our Price Street development will offer great value for prospective buyers with prices expected to start at around £185,000 for a one-bedroom apartment.”
“With work already having started on 79 luxury apartments at Priory House in Southside, this is another scheme in a great location for those who live and work in the city.
“The Gun Quarter has a great heritage and we look forward to restoring Gunsmith House as part of the development, furthering our commitment to protecting the best of the old alongside fantastic new living accommodation in a popular part of Birmingham.”
Elevate Property Group has already this year received planning permission for 258 apartments at Castleward Boulevard off Liversage Street in Derby, 57 new homes at Heaton House, Camden Street Birmingham, 58 in the second phase of Trent Bridge Quays in Nottingham, and 60 in the second phase at Princes Gate in Solihull.
Work on all six sites is due to start this year – a total of 597 properties.
Elevate Property Group has built a reputation for quality medium rise large town and inner city residential developments and is set to celebrate ten years of development later this month.