Winwood Heights will provide 224 new homes for the over-55s with the construction of an extra care apartment facility and updating of two tower blocks.
The development is being carried out as part of Nottingham City Homes and Nottingham City Council’s Building a Better Nottingham programme.
The construction and residential development specialist will also build a 44-home extra care scheme in between the two existing 15-storey blocks.
The project will see Willmott Dixon provide an extensive makeover for Winchester and Woodthorpe Courts on Chestnut Walk.
Simon Leadbeater, managing director at Willmott Dixon responsible for housing in the Midlands, said: “As one of the UK’s largest builders of retirement ac-accommodation – with a long-established presence in Nottingham – we are delighted to be involved in creating Winwood Heights.
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“Our local team is looking forward to delivering modern new homes that will benefit thousands of people in Nottingham for many generations.”
The company has recently built 45 new homes at Trent Basin for Blueprint and Nottingham City Council, a retirement complex in St Ann's for Asra Housing Group and BioCity's Discovery Building.
Nick Murphy, chief executive of Nottingham City Homes, said: “The Building a Better Nottingham programme is transforming people’s lives across the city.
“We are improving the look and feel of our estates, as well as building energy-efficient, sustainable homes, which can dramatically reduce fuel bills for our residents.
“The transformation of the tower blocks in Sherwood will offer huge benefits to our existing tenants and to many more older residents in the future, thanks to the construction of the extra care apartments and facilities.
“It will offer flexible care and support to enable older residents to continue to live independently.”