A huge new apartment block is set to be built on a car park in Birmingham city centre after one of the world's largest property investment funds backed the proposals. US-based PGIM Real Estate has partnered with Birmingham developer Court Collaboration on the project which would see the council's Paradise Circus Car Park in Brindley Drive demolished to make way for around 550 apartments to rent.
Details of the final designs are still being worked up ahead of a public consultation and the submission of a planning application but a preliminary report lodged with the council in June suggested it could contain two blocks of 15 and 45 storeys respectively.
The development, designed by architecture practice CallisonRTKL, could also contain commercial units, amenity space for residents, landscaping and public realm, according to that report.
