The latest phase of the £50million redevelopment of the former Pyrex site in Sunderland is progressing on schedule, with strong sales recorded to date. Thirty-eight new family homes have now been completed and sold at the housing development, known as Alexandra Park, and a further 31 homes are scheduled for completion by the end of the year.
Alexandra Park is being delivered by St. Modwen, the UK’s leading regeneration specialist, and Persimmon Homes, as part of a joint venture arrangement. The housing scheme will provide 212 much needed homes to the region, including a mix of two, three and four bedroom houses. As part of the overall redevelopment of the 17 acre site there is also a 20,000 sq ft office scheme planned.
Stephen Prosser, Northern Regional Director for St. Modwen, said:
“This development has transformed a former industrial site, bringing much needed housing as well as open public space to Sunderland. There has been considerable interest in the new homes and sales figures have been encouraging. This demand for good quality yet affordable homes reflects the underlying need for housing across the North East.”
The economic benefits of the Alexandra Park housing development are significant. It is estimated that the scheme will create around 400 jobs in the region during the construction phase alone. New housing is also recognised as a generator of expenditure in the local economy as people move into their new homes. In addition, as part of its commitment to the surrounding vicinity, St. Modwen is providing a contribution to Sunderland Council to enhance education facilities in the area.