The former headquarters of construction giant Carillion is being transformed into an £8 million high quality residential development, bringing the new concept of co-living to Wolverhampton for the first time.
The Studios24, at Birch Street, will have 218 en-suite rooms arranged as apartments, with shared facilities including kitchens, working and relaxation areas, a café and bar, gym, laundry and high speed internet.
Around 40 new jobs have been created by the development, which is breathing new life into the dilapidated office building and helping to transform the neglected Westside area of the city.
The first three floors of apartments at the 12-storey building have been completed and 55 rooms have been let. Completion of the development is expected in spring 2020. Further rooms will be released on an ongoing basis, as floors of apartments are completed.
Barry Glantz, managing director of The Studios24, said: “It’s been a wonderful time for us as we’ve seen our dream of bringing co-living to Wolverhampton become an exciting reality.
“The Studios24 is a high quality development of new, prestige studio rooms arranged as apartments, right in the very heart of Wolverhampton. Residents benefit from exclusive access to our working and socialising areas, café and bar, a gym which we’re working on, and a range of events that get people socialising and getting to know each other.
“With all that Wolverhampton has to offer, and with Birmingham just a short commute away, we’re getting a lot of interest from prospective tenants and our first 55 rooms are all occupied. It’s fantastic to see local people and businesses really embrace the co-living concept – it offers a great lifestyle at a very affordable price.”
Phase one of the development, including 93 rooms, a bar and café, laundry and secure reception area, has been completed. Thirty-seven new rooms are due to be released to residents over the next two months.Phase two is expected to get underway shortly, delivering a further 72 en-suite rooms, with completion in September 2019.
Co-living is a form of housing that combines private living space with shared communal facilities and is designed to encourage communal interaction and build community. At The Studios24, residents have their own en-suite bedrooms in apartments of six, with shared kitchen and dining facilities. Rent includes energy bills, cleaning, council tax, superfast broadband, access to a café and bar, and a range of social events for residents and guests. For more information visit www.thestudios24.co.uk.