The site borders the ring road and is part of the £6 billion ($10 billion) 400-acre regeneration scheme, supported by Birmingham City Council, to establish a new creative and learning district for the city.
the developers aim to begin construction in April 2004 with the student accommodation available by autumn, in time for the 2005 academic year. Peter Stratton said: "Proposals for the balance of the site are now being worked up to create a mixed-use development of 1.3 million sf retail, office and residential space surrounding the proposed City Park and Library."
The Eastside regeneration initiative as a whole is also gathering momentum. Work is well underway for the demolition of the Masshouse Circus dual carriageway and Millennium Point, housing a museum, technology and innovation centre with retail and leisure facilities opened last year. The Royal College of Organists has announced plans to relocate from London to the listed Curzon Street station adjoining the proposed £130 million ($200 million) City Library designed by the Richard Rogers Partnership.
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