Latimer, part of Clarion Housing Group, will embark on one of its most ambitious projects to date after it announced plans to transform a renowned derelict factory in York into high quality, new homes.
The deal to purchase the iconic Cocoa Works building was completed on Friday 01 December and Latimer intends to convert the site into 258 apartments for sale.
The scheme will have a mixture of one, two and three-bedroom homes including a concierge and other community facilities.
Located on Haxby Road, the Cocoa Works building has been empty for around a decade after Nestle relocated to alternative premises.
The scheme comes with planning permission and has a GDV of £77 million.
Richard White, Land Director for Latimer, said: “Our ambitious plans will re-invigorate an iconic York building and, at the same time, bring much-needed, high quality homes to the city.
“This scheme further demonstrates our commitment to providing innovative solutions to meet the country’s acute housing crisis.”
Work is due to start soon and an on-site marketing suite will be available from late 2018.