Caddick Construction have been chosen to deliver Moda’s 515 build-to-rent apartments which will make up the first phase of SOYO.
Designed by award-winning DLG Architects, the rental homes will be spread across two C-shaped 16-storey blocks, with a new public courtyard in between, and rooftop terraces overlooking the city. The on-site amenities are unrivalled, with shared lounges, flexible workspaces, a cycle hub and health and wellbeing facilities – all included in the rent.
Other services include 24-hour hotel-style concierge and round-the-clock professional management, while the MyModa app takes care of any maintenance issues, communicates with the concierge, books events and acts as the apartment key.
Moda Leeds will be known as ‘New York Square’ as a nod to nearby New York Road, and its synergy with performing arts and culture.
Together with Apache Capital Partners, Moda has a pipeline of over 7,500 rental homes in eight cities across England and Scotland. Other Moda projects under construction or complete include flagship Angel Gardens in Manchester, The Mercian in Birmingham, the city’s tallest consented residential tower, and The Lexington in Liverpool, a 35-storey, 325-home tower.
Build-to-rent – known as multifamily housing in the US – is popular in North America, where it has been around for decades but has only started to take off in the UK. Cities like London, Manchester and Birmingham have all seen a lot of build-to-rent activity and New York Square will be one of the first, high quality build-to-rent schemes in Leeds.
The homes at New York Square, where Moda will develop and operate the buildings for the long term, will be a mix of studio, one, two and three-bedroom apartments. A unique two bed sharer layout will provide the perfect solution for sharers – two equally-sized bedrooms, with en-suites on either side of a shared living space, allowing for greater privacy, reduced noise and no arguing over who gets the biggest room.
The development forms a key part of the new £300m SOYO neighbourhood being delivered by Caddick Developments, another sister company of Moda Living.
In addition to the 515 Moda rental homes, SOYO will include a new hotel, bars, restaurants, further residential, a multi‑storey car park as well as high quality public realm and open green spaces, The West Yorkshire Playhouse has also recently competed an extensive refurbishment.
Caddick Construction is also building Moda’s flagship Angel Gardens project, a 35-storey, 466-home tower in central Manchester close to where Amazon is opening its first UK HQ outside of London. Moda will welcome the first residents to Angel Gardens in October this year.
Other Caddick Construction projects include the £33 million Hudson Quarter development in York, creating three luxury residential blocks totalling 122,000 sq ft and 45,000 sq ft of office space. Recently completing the £43 million redevelopment of the Emerald Headingley Stadium in Leeds home to Super League team Leeds Rhinos and Yorkshire County Cricket Club.
Caddick Construction, Caddick Developments and Moda Living are all part of the Yorkshire-based family-run Caddick Group, which reported a record turnover of over £200m this year.