Further development of the Holbeck Urban Village in Leeds took a major step forward after councillors approved plans for a 78 bedroom hotel at the junction of Globe Road and Water Lane.

Plans for the five storey building which include a bar, restaurant and gymnasium were progressed by the Leeds office of Chartered Surveyors Eddisons, after owners Holbeck Estates Ltd went into liquidation.

Eddisons were appointed as LPA Receivers over the development site in May 2009 by the Royal Bank of Scotland.

Simon Croft of the Leeds office of Eddisons who will be responsible for the marketing of the scheme said:  ‘For a major city, high quality hotel accommodation is at a premium.

‘We are confident that we will attract interest from a number of suitable developers who can bring this part of the scheme to fruition.’

Meanwhile, Eddisons are optimistic that two further applications on adjacent development sites will be approved shortly.

These include outline consent for a significant mixed use scheme comprising 263 residential units and over 86,000 sq ft of retail and leisure space at the site on Globe Road, close to the Round Foundry Media Centre.

The final detailed application awaiting approval is for a commercial scheme to provide in excess of 100,000 sq ft of office space and over 8,000 sq ft of retail and leisure space.

Mr Croft said: ‘If approved, these additional applications, added to the hotel scheme will form a major development project in a key regeneration area.  It would be the biggest scheme of its kind to come to market in Leeds for a number of years.’

The full site extends to approximately 5.5 acres, the majority of which is currently used for car parking. The remainder of the site includes a tenanted industrial building of around 45,000 sq ft.

Mr Croft commented: ‘We have ensured that the revenue potential of the site has been maximised during the planning application process, which has contributed towards the overall funding of the scheme.’

Image: Supplied by Eddisons