The build-to-rent specialist has received a resolution to grant planning permission for the Custom House Street scheme, subject to completion of a Section 106 agreement.
Formal planning permission is expected in late summer.
The 33-storey project will regenerate a long-vacant city centre site close to Cardiff Central Station and St David’s Shopping Centre. An originally planned 42-storey student accommodaton tower was approved in 2016 but stalled due to challenging market circumstances and shifting demand.
This led the student accommodation and build to rent developer to recast the scheme as co-living allowing a drop in height.
The tower will include 400 fully-furnished co-living studios with shared kitchens, dining areas, lounges, fitness facilities and landscaped communal areas.
Three-storey arched brick plinth to create human-scale link to public realm
Watkin Jones said the project will help meet demand from young professionals and smaller households looking for managed rental homes in the city centre.
The approval adds to the developer’s growing Cardiff pipeline after phase one of its Central Quay development, Tai Afon, practically completed last month.
