Coventry's £360m Spirit Quarters scheme is classed as the third largest housing regeneration project in the West Midlands.
The community-led housing redevelopment in the WEHM area (Wood End, Henley Green, Manor Farm and Deedmore) is third in Planning magazine's annual regeneration table for the West Midlands which is categorised by investment, progress development and job creation.
The scheme, which began on site in 2010, started its second phase earlier this year after completing the build of 154 homes opposite Henley College. The project is a partnership between both public and private partners and will bring over 3,000 new homes to the four estates, improving the lives of more than 7,000 residents.
"As the third largest housing regeneration project in the West Midlands, we are pleased with the progress we have made on the scheme. Sales have been strong at Spirit Quarters despite a tough housing market thanks to investment from the governments Homes and Communities Agency (HCA) and continued commitment from the community, developers and partners involved in the scheme," said Kevin Roach, Spirit Quarters Project Director.
Councillor Lynnette Kelly, Cabinet Member for City Development at Coventry City Council said: "I am delighted that we have come so high up on the list and I'm pleased to see Spirit Quarters recognised as such a major investment – especially as other developments across the country are struggling to maintain momentum in the current economic climate.
"Since start on site this scheme has gone from strength to strength with demand for homes in the area on the increase. We always knew that this development would create jobs and create a new pride in the area so it's especially nice to have this recognised."
The West Midlands Top Five table has been taken from the Top 100 regeneration projects which is published every year by Planning magazine in association with Regeneration and Renewal magazine. For more information about the publication please visit www.planningresource.co.uk/go/top100_2012/