Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Irish developer Niall J Mellon has unveiled plans for a £40 million ($66.1 million) residential tower next to a 30,000 sq ft commercial scheme on Swansea waterfront.

Mellon pipped Bellway Homes to the post and is now preferred bidder on the a 152-acre site overlooking the South Wales city’s marina. The council is to grant a long lease on the site, known as Ferrara Quay and Seagate, to Mellon.

The tower will comprise 256 one-, two- and three-bedroom flats and a top-floor restaurant. There will also be four seafront towers near the existing marina.

A statement from Mellon said: “Our group is committed to ground-breaking and ambitious schemes in areas that have potential for major growth. With this fantastic scheme proposal costing nearly £40 million we have delivered a truly stunning structure and one that will generate activity and jobs.”

Lawrence Bailey, Swansea council leader, said: “This spectacular tower would completely transform the Marina area and the city’s skyline. It sends out another clear signal that Swansea is emerging as one of Britain’s fastest-growing cities.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.