An exhibition held at the end of January explained the next two phases of the Station Hill development by the US company Lincoln Property. Demolition work is almost complete on the old buildings in Friar Street and thorough to the Station. Garrard Street Car Park will be demolished in the summer. Phase I will provide 538 flats. A planning application has been submitted for Phase II which will provide a further 750. There are plans for two blocks of Offices and a 450 bed hotel The car parking spaces will reduce from around 850 to around 820 but instead of the parking being for the public use they will all be for residential, office and Hotel use. This site has been so long in abeyance it is good to see the company moving forward so determinedly on this scheme. The design overall looks very encouraging. The development is all Build to Rent so it will be interesting to see the level of demand for what will undoubtedly be high quality but, no doubt, expensive flats. There is a commitment to provide “affordable” rented homes. To quote the ever sound Steve Woodford (MD of Haslams Estate Agents) back in November about the numbers of Build-to-Rent flats in the Reading pipeline. He said: “My view is, ok, they can’t all go on the open market, but how many can Reading absorb and deal with?” To learn more best to look at the company website HERE. The Reading on Thames Blog covers the issues pretty well HERE.