Moda Living's New York Square development

Work starts on major residential development site in Leeds



Developer and operator of homes for rent Moda Living and partner Apache Capital break ground at its New York Square development (CGI pictured above).

This marked the first phase of work on SOYO’s £300m redevelopment in Leeds.

The ceremony took place at Leeds Playhouse on 3rd December by main contractor Caddick Construction, LeedsBID’s, Martin Dickson and numerous talented performers from around the city.

It follows a funding agreement between real estate investment business Apache Capital and LaSalle for a £96m debt facility and institutional investment for New York Square.


Photograph taken at the opening event. Pictured (LTR): Local street artist Jameson Rogan; Moda Living directors Johnny Caddick, Paul Caddick, and Tony Brooks; and spoken word poet Mike Southwell

It is LaSalle’s largest build-to-rent development loan.

The scheme will transform the former Quarry Hill car park into a multipurpose neighbourhood, including new homes, a hotel, public squares, a multi-storey car park and amenities.


CGI of development

 

Designed by DLG Architects, New York Square will comprise 515 build-to-rent apartments across two C-shaped 16-storey blocks, with commercial units on the ground floor. 

CGI of development
 
Johnny Caddick of Caddick Group and managing director at Moda, said: “As operators, our aim is to create a long-term community working with local businesses and partners to deliver engaging and inclusive environments for people to live, work and play.”
 
John Dunkerley, co-founder and CEO at Apache Capital Partners, added: “…There is huge scope for high-quality rental housing in Leeds, and we look forward to seeing New York Square — which occupies a prime, central site — open."

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