Friday, March 31, 2024
Banks Developments in £25m residential development at Ravenscraig
Banks Developments, the Lanarkshire-based property developer, has been given the green light by North Lanarkshire Council to commence the first residential development at the Southern Gateway to the former Ravenscraig Steelworks site.
Etna, a 17 acre former industrial site which has lain derelict for more than 20 years since the demise of the steelworks in Motherwell, will be transformed into a modern urban development of contemporary apartments and family homes.
The £25 million residential scheme planned on derelict land off Craigneuk Street, Motherwell, will be one of the first developments benefiting from the massive investment made in Ravenscraig, accessed off its Southern Gateway Roundabout.
The scheme, which proposes 164 new homes reinforces Banks' on-going commitment to delivering major land regeneration in the area. The proposals include extensive remediation of the land and the construction of a mix of contemporary two bedroom apartments and three, four and five bedroom homes.
Since the industry's demise, the redundant land has been a target for fly tippers and other anti-social activities, however the proposed plans will create a safe community for residents with local amenities including access to Shieldmuir train station, the creation of public realm areas, new footpaths and cycle ways.
Colin Anderson, Scottish director of Banks Developments, said: "This is an exciting time for the communities surrounding Ravenscraig, which have suffered through many years of industrial decline, but can now see a brighter future."
Etna, a 17 acre former industrial site which has lain derelict for more than 20 years since the demise of the steelworks in Motherwell, will be transformed into a modern urban development of contemporary apartments and family homes.
The £25 million residential scheme planned on derelict land off Craigneuk Street, Motherwell, will be one of the first developments benefiting from the massive investment made in Ravenscraig, accessed off its Southern Gateway Roundabout.
The scheme, which proposes 164 new homes reinforces Banks' on-going commitment to delivering major land regeneration in the area. The proposals include extensive remediation of the land and the construction of a mix of contemporary two bedroom apartments and three, four and five bedroom homes.
Since the industry's demise, the redundant land has been a target for fly tippers and other anti-social activities, however the proposed plans will create a safe community for residents with local amenities including access to Shieldmuir train station, the creation of public realm areas, new footpaths and cycle ways.
Colin Anderson, Scottish director of Banks Developments, said: "This is an exciting time for the communities surrounding Ravenscraig, which have suffered through many years of industrial decline, but can now see a brighter future."
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