Over the next three years, Durkan will construct 134 new homes and over 45,000 square metres of commercial space at Higgs Yard, a former industrial site at Loughborough Junction.
Designed by PRP Architects, the scheme represents an £85m investment into the area and will be 50% affordable homes.
It is the largest single development which Loughborough Junction has seen since the Loughborough Estate was built in the 1950s.
Construction on the site is due to begin this Autumn, with completion planned for early 2024.
Tom Williamson, Senior Development Manager at Peabody, said previous plans had been reworked for a better mix of one, two and three-bed homes and incorporate a communal landscaped podium deck at the heart of the development and a roof terrace sitting on the 17th floor.
Ryann Peterson, Head of Bid Management at Durkan, said: “Durkan is pleased to have been successful in securing and finalising the contract to deliver Higgs Yard.
“This is a very exciting time for us as a business. We’re very much looking forward to continue building on our relationship with Peabody and maximising the potential of this fantastic development.”
