Housebuilder The Braidwater Group is to invest £450 million in a mixed-use development on a 100 hectare site which is to be known as The Cashel.
A consultation process for the urban village will begin in the weeks ahead, with detailed plans to be submitted to Derry City and Strabane District Council before the end of 2020.
The site, which is located at lands west of Buncrana Road between Whitehouse Road and Benview Estate in Coshquin, is expected to deliver over new social, affordable, and private homes, and create a new urban village. The project represents one of the most significant investments in the north-west in recent years adding a net increase in the number of households in the city by around 8% over the life of the project.
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Sustainability will be key to the project with a high street and central park at the heart of the scheme providing a hub for new residents. The plans will also deliver new community buildings, schools, retail and convenience facilities within the development. With the 'North-West Greenway' passing near the proposed site, linking L'Derry with Buncrana, there will be cycle routes incorporated into the plans to help provide a safe space for cyclists. The development will also aim to be carbon neutral and to help facilitate this there will be extensive tree planting and biodiversity measures as part of the project.
Phase 1 will see an initial investment of over £100m to deliver a mix of 800 social, private and affordable houses, with major infrastructure also to be put in place for the wider site. At any one time approximately 250 construction jobs and apprenticeships will be created, with the economic impact set to positively benefit suppliers in the area.
