Moda Living appoints Caddick Construction
Moda Living appoints Caddick Construction to deliver landmark Leeds build-to-rent scheme
Moda Living, a leading developer, owner and operator of homes for rent, has appointed sister company Caddick Construction to deliver 515 homes designed exclusively for rent in Leeds city centre, with start on-site due in October this year.
Designed by award-winning DLG Architects, the rental homes will be spread across two C-shaped 16-storey blocks, with a new public courtyard in between the buildings and rooftop terraces overlooking the city centre. Two commercial units will also be delivered at the ground floor.
Named New York Square after nearby New York Road and a nod to its synergy with performing arts and culture, the build-to-rent 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.
Build-to-rent – known as multifamily housing in the US – is popular in North America, where it has been around for decades but has only started to take off in the UK. Cities like London, Manchester and Birmingham have all seen a lot of build-to-rent activity and New York Square will be one of the first, high-quality build-to-rent schemes in Leeds.
The development forms a key part of the new £300m SOYO neighbourhood being delivered by Caddick Developments, another sister company of Moda Living.
Caddick Construction, Caddick Developments and Moda Living are all part of the Yorkshire-based family-run Caddick Group, which reported a record turnover of over £200m this year.
Caddick Group recently agreed to help Leeds City Council create a 100,000 sq. ft. creative complex at the site of the old Polestar Petty works to host media and TV companies attracted by Channel 4’s new nearby headquarters.
“This development highlights the confidence and momentum of investment into Leeds city centre and the wider Leeds City Region.”